AGCO (NYSE:AGCO) Given New $68.00 Price Target at Morgan Stanley

AGCO (NYSE:AGCO) had its price target reduced by Morgan Stanley from $75.00 to $68.00 in a research report report published on Tuesday, AnalystRatings.com reports. They currently have an equal weight rating on the industrial products company’s stock.

A number of other equities research analysts also recently commented on AGCO. Stephens decreased their target price on AGCO from $88.00 to $80.00 and set an overweight rating for the company in a report on Friday, February 7th. UBS Group decreased their target price on AGCO from $79.00 to $72.00 and set a neutral rating for the company in a report on Wednesday, February 19th. Wells Fargo & Co decreased their target price on AGCO from $80.00 to $75.00 and set an equal weight rating for the company in a report on Friday, February 7th. Goldman Sachs Group decreased their price target on AGCO from $70.00 to $55.00 and set a neutral rating for the company in a report on Thursday, March 19th. Finally, Stifel Nicolaus boosted their price target on AGCO from $84.00 to $90.00 and gave the company a buy rating in a report on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $80.86.

NYSE AGCO traded up $1.59 during trading on Tuesday, hitting $44.48. The company’s stock had a trading volume of 938,700 shares, compared to its average volume of 628,740. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 0.57. The company has a market cap of $3.37 billion, a PE ratio of 27.97, a P/E/G ratio of 3.42 and a beta of 1.01. The business’s 50 day simple moving average is $59.34 and its 200-day simple moving average is $71.75. AGCO has a fifty-two week low of $35.33 and a fifty-two week high of $81.39.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.61). AGCO had a return on equity of 11.31% and a net margin of 1.38%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the business posted $1.31 EPS. AGCO’s revenue was down 3.0% compared to the same quarter last year. Analysts expect that AGCO will post 5.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 14th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, February 13th. AGCO’s payout ratio is presently 14.41%.

Several institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. increased its position in shares of AGCO by 3.3% in the fourth quarter. Macquarie Group Ltd. now owns 31,234 shares of the industrial products company’s stock valued at $2,412,000 after buying an additional 991 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of AGCO by 2.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 231,568 shares of the industrial products company’s stock valued at $17,970,000 after buying an additional 5,100 shares in the last quarter. Norges Bank purchased a new stake in shares of AGCO in the fourth quarter valued at approximately $55,835,000. Pearl River Capital LLC increased its position in shares of AGCO by 1,271.2% in the fourth quarter. Pearl River Capital LLC now owns 4,429 shares of the industrial products company’s stock valued at $342,000 after buying an additional 4,106 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of AGCO in the fourth quarter valued at approximately $3,129,000. Institutional investors and hedge funds own 81.45% of the company’s stock.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

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