Seaport Global Securities reaffirmed their hold rating on shares of AGCO (NYSE:AGCO) in a research report released on Thursday, January 18th. Seaport Global Securities also issued estimates for AGCO’s Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $1.30 EPS, FY2018 earnings at $3.89 EPS and FY2019 earnings at $4.48 EPS.
A number of other research analysts have also weighed in on AGCO. BidaskClub raised AGCO from a hold rating to a buy rating in a report on Thursday, September 28th. Stifel Nicolaus reissued a hold rating and issued a $73.00 target price on shares of AGCO in a report on Thursday, December 21st. UBS Group reissued a neutral rating on shares of AGCO in a report on Friday, October 20th. Bank of America lowered AGCO from a neutral rating to an underperform rating and decreased their price objective for the company from $74.65 to $70.00 in a research note on Friday, October 13th. Finally, Zacks Investment Research lowered AGCO from a strong-buy rating to a hold rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. AGCO has a consensus rating of Hold and a consensus price target of $73.07.
Shares of AGCO (AGCO) traded up $0.29 on Thursday, reaching $67.99. The company had a trading volume of 1,243,884 shares, compared to its average volume of 834,998. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.37 and a quick ratio of 0.70. The firm has a market capitalization of $5,408.54, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 1.48 and a beta of 0.77. AGCO has a 52-week low of $58.00 and a 52-week high of $75.95.
AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). AGCO had a net margin of 2.24% and a return on equity of 8.04%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. AGCO’s quarterly revenue was up 20.7% compared to the same quarter last year. equities research analysts predict that AGCO will post 3.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be given a $0.15 dividend. This is a positive change from AGCO’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. AGCO’s dividend payout ratio (DPR) is presently 24.14%.
In other news, SVP Robert B. Crain sold 7,000 shares of AGCO stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $70.72, for a total value of $495,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Invictus RG raised its stake in shares of AGCO by 265.9% in the 3rd quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after buying an additional 1,061 shares in the last quarter. Hirtle Callaghan & Co LLC bought a new stake in shares of AGCO in the 4th quarter worth $163,000. BlueMountain Capital Management LLC bought a new stake in shares of AGCO in the 2nd quarter worth $165,000. Tower Research Capital LLC TRC bought a new stake in shares of AGCO in the 4th quarter worth $188,000. Finally, Toronto Dominion Bank raised its stake in shares of AGCO by 240.4% in the 3rd quarter. Toronto Dominion Bank now owns 2,686 shares of the industrial products company’s stock worth $198,000 after buying an additional 1,897 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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