Agco Corp. (NYSE:AGCO) was upgraded by Piper Jaffray Cos. from an “underweight” rating to a “neutral” rating in a research report issued on Monday.
Several other analysts also recently issued reports on the stock. Credit Suisse Group AG reissued a “hold” rating and issued a $53.00 price objective on shares of Agco Corp. in a research note on Tuesday, August 30th. Zacks Investment Research lowered shares of Agco Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Wells Fargo & Co. raised shares of Agco Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, October 10th. Jefferies Group reaffirmed a “buy” rating on shares of Agco Corp. in a research report on Friday, August 5th. Finally, Deutsche Bank AG reduced their target price on shares of Agco Corp. from $54.00 to $50.00 and set a “hold” rating on the stock in a research report on Wednesday, October 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $49.00.
Shares of Agco Corp. (NYSE:AGCO) opened at 56.50 on Monday. Agco Corp. has a 52 week low of $42.40 and a 52 week high of $56.54. The firm’s 50-day moving average price is $51.79 and its 200 day moving average price is $49.92. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 29.15 and a beta of 1.04.
Agco Corp. (NYSE:AGCO) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.15. The business earned $1.80 billion during the quarter, compared to the consensus estimate of $1.33 billion. Agco Corp. had a net margin of 2.20% and a return on equity of 6.85%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. On average, equities research analysts forecast that Agco Corp. will post $2.35 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 15th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.52 annualized dividend and a yield of 0.92%. Agco Corp.’s dividend payout ratio (DPR) is 26.94%.
In other Agco Corp. news, VP Gary L. Collar sold 2,309 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $53.00, for a total value of $122,377.00. Following the completion of the sale, the vice president now directly owns 47,663 shares in the company, valued at $2,526,139. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.00% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of AGCO. Financial Architects Inc increased its stake in Agco Corp. by 579.5% in the third quarter. Financial Architects Inc now owns 2,990 shares of the company’s stock valued at $147,000 after buying an additional 2,550 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in Agco Corp. during the third quarter valued at approximately $216,000. Seven Eight Capital LLC bought a new stake in Agco Corp. during the first quarter valued at approximately $226,000. United Services Automobile Association bought a new stake in Agco Corp. during the third quarter valued at approximately $229,000. Finally, Sii Investments Inc. WI bought a new stake in Agco Corp. during the second quarter valued at approximately $224,000. Institutional investors and hedge funds own 88.53% of the company’s stock.
Agco Corp. Company Profile