AGCO (NYSE:AGCO) Given New $99.00 Price Target at Morgan Stanley

AGCO (NYSE:AGCO) had its price objective dropped by equities researchers at Morgan Stanley from $110.00 to $99.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the industrial products company’s stock. Morgan Stanley’s price target points to a potential downside of 4.75% from the stock’s current price.

Several other analysts have also recently commented on AGCO. Sanford C. Bernstein restated a “market perform” rating and issued a $108.00 target price on shares of AGCO in a research report on Friday. Truist Financial reissued a “buy” rating and set a $135.00 target price (down from $159.00) on shares of AGCO in a research note on Friday. DA Davidson set a $151.00 price objective on shares of AGCO in a research note on Friday. Wall Street Zen lowered AGCO from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group reaffirmed a “neutral” rating and set a $123.00 target price on shares of AGCO in a research note on Sunday, May 10th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $121.08.

AGCO Price Performance

Shares of NYSE AGCO opened at $103.94 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. The firm has a market capitalization of $7.53 billion, a PE ratio of 14.38, a P/E/G ratio of 0.84 and a beta of 1.08. AGCO has a 1-year low of $99.21 and a 1-year high of $143.78. The business’s fifty day moving average price is $114.74 and its two-hundred day moving average price is $118.53.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%.The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, research analysts expect that AGCO will post 5.63 EPS for the current year.

Institutional Trading of AGCO

Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in AGCO by 27.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock worth $14,626,000 after purchasing an additional 26,862 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of AGCO by 3.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,939,113 shares of the industrial products company’s stock valued at $306,608,000 after buying an additional 98,988 shares during the last quarter. Davis Selected Advisers lifted its holdings in shares of AGCO by 13.0% during the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after buying an additional 235,913 shares during the last quarter. Swedbank AB grew its stake in shares of AGCO by 110.2% in the 4th quarter. Swedbank AB now owns 179,617 shares of the industrial products company’s stock valued at $18,738,000 after buying an additional 94,183 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of AGCO in the 1st quarter valued at approximately $5,700,000. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

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.