AGCO (NYSE:AGCO) Price Target Lowered to $106.00 at Oppenheimer

AGCO (NYSE:AGCO) had its price objective reduced by investment analysts at Oppenheimer from $109.00 to $106.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price target points to a potential upside of 30.74% from the stock’s previous close.

Several other analysts have also issued reports on the stock. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Tuesday. Truist Financial dropped their price target on AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. UBS Group dropped their price objective on shares of AGCO from $100.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. increased their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Finally, Citigroup upgraded AGCO from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $98.00 to $90.00 in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.00.

AGCO Stock Up 1.5 %

Shares of AGCO traded up $1.17 on Tuesday, hitting $81.08. The company’s stock had a trading volume of 33,105 shares, compared to its average volume of 890,054. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. AGCO has a fifty-two week low of $73.79 and a fifty-two week high of $121.49. The firm’s fifty day moving average price is $91.78 and its 200-day moving average price is $95.52. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -14.25, a P/E/G ratio of 1.80 and a beta of 1.16.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. On average, equities research analysts expect that AGCO will post 4.2 EPS for the current year.

Hedge Funds Weigh In On AGCO

Several hedge funds and other institutional investors have recently modified their holdings of AGCO. Allworth Financial LP grew its position in AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 220 shares during the last quarter. GeoWealth Management LLC bought a new position in AGCO in the 4th quarter valued at approximately $27,000. UMB Bank n.a. grew its stake in shares of AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after buying an additional 154 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in AGCO in the 4th quarter worth about $33,000. Finally, Jones Financial Companies Lllp increased its stake in shares of AGCO by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after buying an additional 265 shares during the period. Institutional investors own 78.80% of the company’s stock.

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.