AGCO (NYSE:AGCO) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of AGCO (NYSE:AGCO) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. reduced their price objective on AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. UBS Group reduced their target price on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Robert W. Baird lowered their price target on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Citigroup increased their price objective on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Oppenheimer decreased their target price on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $114.40.

AGCO Stock Performance

NYSE:AGCO opened at $92.03 on Wednesday. The stock has a market capitalization of $6.87 billion, a PE ratio of 40.70, a P/E/G ratio of 0.53 and a beta of 1.25. The company has a fifty day moving average of $96.11 and a two-hundred day moving average of $97.93. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. AGCO has a fifty-two week low of $84.35 and a fifty-two week high of $130.26.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the firm posted $3.97 earnings per share. The company’s quarterly revenue was down 24.8% on a year-over-year basis. As a group, research analysts forecast that AGCO will post 7.32 earnings per share for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. AGCO’s dividend payout ratio is currently 51.33%.

Institutional Trading of AGCO

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. grew its stake in shares of AGCO by 30.0% in the second quarter. Great Valley Advisor Group Inc. now owns 31,039 shares of the industrial products company’s stock valued at $3,038,000 after buying an additional 7,171 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in AGCO by 146.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock worth $10,538,000 after purchasing an additional 50,892 shares during the period. Cetera Investment Advisers lifted its position in shares of AGCO by 377.0% during the first quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company’s stock worth $2,177,000 after purchasing an additional 13,985 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of AGCO by 42.3% in the third quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock valued at $1,670,000 after purchasing an additional 5,069 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of AGCO by 11.6% in the first quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock valued at $930,660,000 after purchasing an additional 784,617 shares in the last quarter. Hedge funds and other 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.