AGCO Co. (NYSE:AGCO) – Stock analysts at Jefferies Financial Group reduced their FY2021 earnings per share (EPS) estimates for shares of AGCO in a research report issued on Monday, December 16th, according to Zacks Investment Research. Jefferies Financial Group analyst S. Volkmann now expects that the industrial products company will earn $5.90 per share for the year, down from their prior forecast of $6.50.
A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of AGCO from an “overweight” rating to a “neutral” rating and set a $82.00 price target on the stock. in a research report on Friday, November 15th. They noted that the move was a valuation call. Morgan Stanley raised shares of AGCO from an “underweight” rating to an “equal weight” rating and set a $88.00 price target on the stock in a research report on Monday, December 16th. UBS Group lowered their price target on shares of AGCO from $81.00 to $79.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. OTR Global lowered shares of AGCO to a “positive” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus increased their price objective on shares of AGCO from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $83.57.
NYSE:AGCO opened at $78.22 on Thursday. AGCO has a 52 week low of $54.03 and a 52 week high of $81.39. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 1.20 and a beta of 0.99. The firm’s 50-day simple moving average is $78.05 and its 200 day simple moving average is $75.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 1.31.
AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. AGCO had a net margin of 3.42% and a return on equity of 12.26%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the firm earned $0.91 earnings per share. AGCO’s revenue for the quarter was down 4.8% compared to the same quarter last year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Prime Capital Investment Advisors LLC acquired a new stake in shares of AGCO in the 3rd quarter valued at approximately $26,000. First Mercantile Trust Co. acquired a new stake in shares of AGCO in the 3rd quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC acquired a new stake in AGCO during the 2nd quarter worth approximately $50,000. First Interstate Bank acquired a new stake in AGCO during the 2nd quarter worth approximately $61,000. Finally, Quest Capital Management Inc. ADV acquired a new stake in AGCO during the 3rd quarter worth approximately $64,000. Institutional investors own 82.09% of the company’s stock.
In other news, CFO Andrew H. Beck sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $79.62, for a total value of $796,200.00. Following the sale, the chief financial officer now directly owns 128,218 shares in the company, valued at approximately $10,208,717.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gary L. Collar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $77.76, for a total transaction of $388,800.00. Following the completion of the sale, the vice president now owns 78,807 shares in the company, valued at $6,128,032.32. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $1,907,400 over the last quarter. Corporate insiders own 17.60% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.64 dividend on an annualized basis and a yield of 0.82%. AGCO’s payout ratio is 16.45%.
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.