AGCO (NYSE:AGCO) has been given a $88.00 price objective by Deutsche Bank in a report released on Wednesday, TipRanks reports. The firm presently has a “buy” rating on the industrial products company’s stock. Deutsche Bank’s price objective would suggest a potential upside of 20.25% from the company’s previous close.
Other equities analysts have also issued research reports about the company. Jefferies Financial Group raised AGCO from a “hold” rating to a “buy” rating and upped their price target for the company from $70.00 to $90.00 in a research note on Monday, June 24th. UBS Group upped their price target on AGCO from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Morgan Stanley upped their price target on AGCO from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Wednesday, July 10th. Citigroup upped their price target on AGCO from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Finally, Stifel Nicolaus set a $79.00 price target on AGCO and gave the company a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $76.86.
NYSE:AGCO traded down $0.99 during trading hours on Wednesday, hitting $73.18. The company had a trading volume of 614,890 shares, compared to its average volume of 614,832. The company has a current ratio of 1.29, a quick ratio of 0.54 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $76.11. The firm has a market capitalization of $5.70 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.17 and a beta of 0.98. AGCO has a 1 year low of $49.50 and a 1 year high of $80.64.
In related news, SVP Robert B. Crain sold 25,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was 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 of the company’s stock, valued at approximately $5,968,254.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Martin Richenhagen sold 45,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $77.14, for a total value of $3,471,300.00. Following the transaction, the chairman now directly owns 447,317 shares in the company, valued at approximately $34,506,033.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,000 shares of company stock worth $12,536,330. 17.60% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in shares of AGCO by 1.3% in the 4th 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 grew its stake 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 acquiring an additional 72,593 shares during the last quarter. Norges Bank purchased a new stake in shares of AGCO during the fourth quarter worth about $32,833,000. Geode Capital Management LLC grew its stake 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 acquiring an additional 45,469 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. grew its stake 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 acquiring an additional 87,815 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.
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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