AGCO Corporation (AGCO) Downgraded by J P Morgan Chase & Co

AGCO Corporation (NYSE:AGCO) was downgraded by equities research analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a note issued to investors on Tuesday.

Several other research firms have also weighed in on AGCO. Piper Jaffray Companies set a $66.00 price objective on shares of AGCO Corporation and gave the company a “hold” rating in a research report on Wednesday, August 9th. UBS AG upgraded shares of AGCO Corporation from a “sell” rating to a “neutral” rating and raised their price objective for the company from $52.00 to $68.00 in a research report on Wednesday, June 21st. Deutsche Bank AG restated a “buy” rating and set a $90.00 price objective (up previously from $88.00) on shares of AGCO Corporation in a research report on Thursday, September 21st. TheStreet upgraded shares of AGCO Corporation from a “c+” rating to a “b+” rating in a research report on Thursday, July 27th. Finally, BidaskClub upgraded shares of AGCO Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. AGCO Corporation presently has an average rating of “Hold” and a consensus target price of $67.85.

Shares of AGCO Corporation (NYSE AGCO) opened at 75.05 on Tuesday. The firm has a 50 day moving average of $70.61 and a 200 day moving average of $67.02. AGCO Corporation has a one year low of $48.93 and a one year high of $75.58. The stock has a market cap of $5.97 billion, a P/E ratio of 32.82 and a beta of 0.86.

AGCO Corporation (NYSE:AGCO) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.11. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.08 billion. AGCO Corporation had a net margin of 2.40% and a return on equity of 6.84%. AGCO Corporation’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. On average, equities research analysts predict that AGCO Corporation will post $3.07 EPS for the current fiscal year.

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In other AGCO Corporation news, SVP Robert B. Crain sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $71.78, for a total value of $1,076,700.00. Following the completion of the transaction, the senior vice president now directly owns 89,322 shares in the company, valued at $6,411,533.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Hans Bernd Veltmaat sold 750 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $66.52, for a total transaction of $49,890.00. Following the completion of the transaction, the senior vice president now owns 68,552 shares of the company’s stock, valued at $4,560,079.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,750 shares of company stock valued at $1,921,390. Corporate insiders own 16.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Perpetual Ltd acquired a new position in shares of AGCO Corporation in the second quarter worth about $2,870,000. WINTON GROUP Ltd purchased a new stake in shares of AGCO Corporation in the second quarter worth approximately $5,035,000. Ameritas Investment Partners Inc. lifted its position in shares of AGCO Corporation by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 19,971 shares of the industrial products company’s stock worth $1,346,000 after purchasing an additional 298 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of AGCO Corporation by 256.7% in the second quarter. Susquehanna International Group

Several other research firms have also weighed in on AGCO. Piper Jaffray Companies set a $66.00 price objective on shares of AGCO Corporation and gave the company a “hold” rating in a research report on Wednesday, August 9th. UBS AG upgraded shares of AGCO Corporation from a “sell” rating to a “neutral” rating and raised their price objective for the company from $52.00 to $68.00 in a research report on Wednesday, June 21st. Deutsche Bank AG restated a “buy” rating and set a $90.00 price objective (up previously from $88.00) on shares of AGCO Corporation in a research report on Thursday, September 21st. TheStreet upgraded shares of AGCO Corporation from a “c+” rating to a “b+” rating in a research report on Thursday, July 27th. Finally, BidaskClub upgraded shares of AGCO Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. AGCO Corporation presently has an average rating of “Hold” and a consensus target price of $67.85.

Shares of AGCO Corporation (NYSE AGCO) opened at 75.05 on Tuesday. The firm has a 50 day moving average of $70.61 and a 200 day moving average of $67.02. AGCO Corporation has a one year low of $48.93 and a one year high of $75.58. The stock has a market cap of $5.97 billion, a P/E ratio of 32.82 and a beta of 0.86.

AGCO Corporation (NYSE:AGCO) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.11. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.08 billion. AGCO Corporation had a net margin of 2.40% and a return on equity of 6.84%. AGCO Corporation’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. On average, equities research analysts predict that AGCO Corporation will post $3.07 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/agco-corporation-agco-downgraded-by-j-p-morgan-chase-co.html.

In other AGCO Corporation news, SVP Robert B. Crain sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $71.78, for a total value of $1,076,700.00. Following the completion of the transaction, the senior vice president now directly owns 89,322 shares in the company, valued at $6,411,533.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Hans Bernd Veltmaat sold 750 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $66.52, for a total transaction of $49,890.00. Following the completion of the transaction, the senior vice president now owns 68,552 shares of the company’s stock, valued at $4,560,079.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,750 shares of company stock valued at $1,921,390. Corporate insiders own 16.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Perpetual Ltd acquired a new position in shares of AGCO Corporation in the second quarter worth about $2,870,000. WINTON GROUP Ltd purchased a new stake in shares of AGCO Corporation in the second quarter worth approximately $5,035,000. Ameritas Investment Partners Inc. lifted its position in shares of AGCO Corporation by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 19,971 shares of the industrial products company’s stock worth $1,346,000 after purchasing an additional 298 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of AGCO Corporation by 256.7% in the second quarter. Susquehanna International Group LLP now owns 17,123 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 12,323 shares in the last quarter. Finally, 361 Capital LLC purchased a new stake in shares of AGCO Corporation in the second quarter worth approximately $1,786,000. Institutional investors own 80.73% of the company’s stock.

AGCO Corporation 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.

Analyst Recommendations for AGCO Corporation (NYSE:AGCO)

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