AGCO (NYSE:AGCO) Given New $111.00 Price Target at JPMorgan Chase & Co.

AGCO (NYSE:AGCO) had its target price hoisted by JPMorgan Chase & Co. from $102.00 to $111.00 in a research note issued to investors on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the stock. Truist Financial lifted their price target on shares of AGCO from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Oppenheimer cut their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Morgan Stanley assumed coverage on AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.40.

AGCO Trading Down 0.1 %

Shares of AGCO stock opened at $97.23 on Wednesday. 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. The company has a market cap of $7.26 billion, a PE ratio of 43.02, a P/E/G ratio of 0.90 and a beta of 1.25. The stock’s fifty day moving average price is $95.15 and its two-hundred day moving average price is $94.89.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. AGCO’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.97 earnings per share. Equities analysts predict that AGCO will post 7.34 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, November 15th. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Hedge Funds Weigh In On AGCO

Large investors have recently bought and sold shares of the stock. M&T Bank Corp increased its position in shares of AGCO by 133.0% during the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock valued at $8,263,000 after purchasing an additional 48,198 shares during the last quarter. Royal London Asset Management Ltd. grew its position in AGCO by 2.0% during the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock valued at $61,024,000 after buying an additional 12,328 shares during the period. Stratos Wealth Advisors LLC increased its holdings in AGCO by 42.3% during the third quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock worth $1,670,000 after buying an additional 5,069 shares during the last quarter. Principal Financial Group Inc. boosted its stake in AGCO by 28.2% in the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock valued at $66,959,000 after acquiring an additional 150,656 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in AGCO by 150.1% in the third quarter. Crossmark Global Holdings Inc. now owns 16,591 shares of the industrial products company’s stock valued at $1,624,000 after acquiring an additional 9,956 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

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.