AGCO (NYSE:AGCO) Price Target Lowered to $137.00 at Truist Financial

AGCO (NYSE:AGCO) had its target price decreased by Truist Financial from $142.00 to $137.00 in a research report report published on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

A number of other equities research analysts have also issued reports on AGCO. Oppenheimer lifted their target price on AGCO from $153.00 to $154.00 and gave the company an outperform rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on shares of AGCO from $145.00 to $150.00 and gave the company an overweight rating in a report on Friday, April 12th. Finally, StockNews.com lowered shares of AGCO from a buy rating to a hold rating in a research report on Friday, February 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AGCO has an average rating of Moderate Buy and an average price target of $141.83.

AGCO Stock Up 1.0 %

AGCO stock opened at $111.79 on Friday. AGCO has a twelve month low of $105.77 and a twelve month high of $140.46. The company has a quick ratio of 0.67, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $116.61 and a 200-day moving average of $116.90. The stock has a market capitalization of $8.34 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.69 and a beta of 1.32.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.03. AGCO had a net margin of 7.90% and a return on equity of 24.02%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business earned $3.51 EPS. The company’s revenue for the quarter was down 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that AGCO will post 12 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.04%. AGCO’s payout ratio is 7.85%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new position in shares of AGCO during the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. bought a new position in AGCO during the fourth quarter worth $26,000. Legacy Financial Group LLC acquired a new position in shares of AGCO in the third quarter valued at $27,000. BluePath Capital Management LLC bought a new position in shares of AGCO in the third quarter valued at about $35,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of AGCO during the 3rd quarter worth about $35,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; 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, equestrian, and residential uses.