AGCO (NYSE:AGCO) Given a $79.00 Price Target by Stifel Nicolaus Analysts

AGCO (NYSE:AGCO) received a $79.00 price objective from investment analysts at Stifel Nicolaus in a report released on Wednesday, TipRanks reports. The brokerage presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 7.95% from the company’s previous close.

AGCO has been the topic of several other research reports. OTR Global upgraded shares of AGCO to a “positive” rating in a research report on Friday, July 12th. Wells Fargo & Co cut shares of AGCO from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $90.00 to $80.00 in a research report on Wednesday, July 17th. Zacks Investment Research upgraded shares of AGCO from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, April 16th. Morgan Stanley lifted their price objective on shares of AGCO from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. cut shares of AGCO from an “overweight” rating to a “neutral” rating and set a $77.00 price objective on the stock. in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. AGCO has an average rating of “Hold” and an average target price of $76.86.

Shares of AGCO stock traded down $0.99 on Wednesday, hitting $73.18. 614,890 shares of the company traded hands, compared to its average volume of 614,832. The firm has a market cap of $5.70 billion, a PE ratio of 18.81, a P/E/G ratio of 1.17 and a beta of 0.98. The company has a quick ratio of 0.54, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. AGCO has a 52 week low of $49.50 and a 52 week high of $80.64. The company’s 50-day moving average price is $76.11.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.23. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.55 billion. AGCO had a net margin of 4.07% and a return on equity of 12.63%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 earnings per share. As a group, research analysts anticipate that AGCO will post 5.09 earnings per share for the current year.

In other AGCO news, Chairman Martin Richenhagen sold 51,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.43, for a total transaction of $3,591,930.00. Following the transaction, the chairman now owns 503,733 shares in the company, valued at $35,477,915.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert B. Crain sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $72.86, for a total transaction of $1,821,500.00. Following the transaction, the senior vice president now owns 81,914 shares in the company, valued at approximately $5,968,254.04. The disclosure for this sale can be found here. Insiders sold 172,000 shares of company stock worth $12,536,330 in the last 90 days. 17.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in shares of AGCO by 1.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 48,933 shares of the industrial products company’s stock worth $2,724,000 after purchasing an additional 642 shares during the period. FMR LLC lifted its holdings in shares of AGCO by 7.3% during the fourth quarter. FMR LLC now owns 1,060,971 shares of the industrial products company’s stock worth $59,065,000 after purchasing an additional 72,593 shares during the period. Norges Bank acquired a new position in shares of AGCO during the fourth quarter worth $32,833,000. Geode Capital Management LLC lifted its holdings in shares of AGCO by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 1,239,289 shares of the industrial products company’s stock worth $68,991,000 after purchasing an additional 45,469 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of AGCO by 173.0% during the first quarter. Dalton Greiner Hartman Maher & Co. now owns 138,572 shares of the industrial products company’s stock worth $9,638,000 after purchasing an additional 87,815 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses.

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Analyst Recommendations for AGCO (NYSE:AGCO)

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