Analysts Set AGCO Corporation (NYSE:AGCO) Price Target at $124.73

Shares of AGCO Corporation (NYSE:AGCO) have been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $126.50.

Several brokerages have recently weighed in on AGCO. Citigroup upped their price target on shares of AGCO from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. UBS Group reaffirmed a “neutral” rating and issued a $123.00 price target on shares of AGCO in a research report on Sunday, May 10th. Barclays upped their price target on shares of AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Wall Street Zen raised shares of AGCO from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Wells Fargo & Company set a $132.00 target price on shares of AGCO in a research report on Monday, February 9th.

Insider Transactions at AGCO

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the transaction, the insider owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. This represents a 11.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AGCO. Cullen Frost Bankers Inc. increased its stake in AGCO by 1,721.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 241 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 257 shares in the last quarter. Advisory Services Network LLC acquired a new position in AGCO during the 3rd quarter valued at approximately $33,000. Geneos Wealth Management Inc. increased its stake in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 190 shares in the last quarter. Finally, Torren Management LLC acquired a new position in AGCO during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Price Performance

Shares of AGCO stock opened at $114.57 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.57. The company has a market capitalization of $8.30 billion, a P/E ratio of 11.05, a P/E/G ratio of 0.76 and a beta of 1.12. The company’s 50-day simple moving average is $116.29 and its two-hundred day simple moving average is $115.62. AGCO has a one year low of $95.96 and a one year high of $143.78.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.50. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.26 billion. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. As a group, equities analysts anticipate that AGCO will post 5.97 EPS for the current year.

AGCO Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. AGCO’s dividend payout ratio is currently 11.57%.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.