AGCO Co. (AGCO) Given Hold Rating at Jefferies Group LLC

AGCO Co. (AGCO) Given Hold Rating at Jefferies Group LLC

Other equities analysts have also recently issued reports about the company. Credit Suisse Group AG set a $60.00 price target on AGCO and gave the company a hold rating in a research report on Wednesday, April 12th. Seaport Global Securities lifted their price objective on AGCO from $57.00 to $61.00 and gave the company a neutral rating in a research note on Monday, May 1st. Barclays PLC reissued an equal weight rating and set a $58.00 price objective (up previously from $54.00) on shares of AGCO in a research note on Wednesday, February 8th. Zacks Investment Research lowered AGCO from a buy rating to a hold rating in a research note on Monday, February 20th. Finally, TheStreet raised AGCO from a c rating to a b rating in a research note on Tuesday, February 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $62.79.

Jefferies Group LLC reissued their hold rating on shares of AGCO Co. (NYSE:AGCO) in a research report sent to investors on Wednesday. Jefferies Group LLC currently has a $61.00 price target on the industrial products company’s stock.

Shares of AGCO (NYSE AGCO) traded up 1.12% during mid-day trading on Wednesday, hitting $64.75. The stock had a trading volume of 64,398 shares. AGCO has a 1-year low of $44.68 and a 1-year high of $65.67. The stock’s 50-day moving average price is $62.79 and its 200 day moving average price is $60.71. The company has a market capitalization of $5.15 billion, a P/E ratio of 36.77 and a beta of 1.00.

AGCO (NYSE:AGCO) last released its earnings results on Friday, April 28th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.15. AGCO had a return on equity of 6.88% and a net margin of 2.16%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that AGCO will post $2.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, May 15th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 11th. AGCO’s dividend payout ratio (DPR) is presently 28.43%.

In other news, SVP Lucinda B. Smith sold 5,000 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $64.00, for a total value of $320,000.00. Following the completion of the sale, the senior vice president now owns 40,977 shares of the company’s stock, valued at approximately $2,622,528. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Richard Robinson Smith sold 2,037 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $63.91, for a total value of $130,184.67. Following the completion of the sale, the vice president now directly owns 41,717 shares of the company’s stock, valued at approximately $2,666,133.47. The disclosure for this sale can be found here. Insiders own 16.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC bought a new stake in AGCO during the fourth quarter worth $113,000. Fortaleza Asset Management Inc. bought a new stake in AGCO during the fourth quarter worth $128,000. Daiwa Securities Group Inc. raised its stake in AGCO by 22.2% in the first quarter. Daiwa Securities Group Inc. now owns 2,200 shares of the industrial products company’s stock worth $132,000 after buying an additional 400 shares during the period. Elkfork Partners LLC bought a new stake in AGCO during the fourth quarter worth $155,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in AGCO by 2.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,203 shares of the industrial products company’s stock worth $187,000 after buying an additional 62 shares during the period. 88.20% of the stock is owned by institutional investors.

AGCO Company Profile

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AGCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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