AGCO Corporation (AGCO) Given “Hold” Rating at Credit Suisse Group

Credit Suisse Group reissued their hold rating on shares of AGCO Corporation (NYSE:AGCO) in a research report released on Friday. The brokerage currently has a $60.00 price objective on the stock.

Several other equities analysts have also recently commented on the stock. TheStreet raised shares of AGCO Corporation from a c rating to a b rating in a research report on Tuesday, February 7th. Piper Jaffray Companies lifted their price target on shares of AGCO Corporation from $56.00 to $60.00 and gave the stock a neutral rating in a report on Wednesday, February 8th. Barclays PLC reaffirmed an equal weight rating and issued a $58.00 price target (up previously from $54.00) on shares of AGCO Corporation in a report on Wednesday, February 8th. J P Morgan Chase & Co reaffirmed an underweight rating on shares of AGCO Corporation in a report on Thursday, January 26th. Finally, Berenberg Bank assumed coverage on shares of AGCO Corporation in a report on Tuesday, January 24th. They issued a buy rating and a $72.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. AGCO Corporation presently has an average rating of Hold and a consensus target price of $55.93.

Analyst Recommendations for AGCO Corporation (NYSE:AGCO)

AGCO Corporation (NYSE:AGCO) opened at 64.60 on Friday. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 32.96 and a beta of 1.00. The stock’s 50 day moving average price is $61.52 and its 200-day moving average price is $53.56. AGCO Corporation has a one year low of $43.79 and a one year high of $64.79.

AGCO Corporation (NYSE:AGCO) last posted its earnings results on Tuesday, February 7th. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.13. AGCO Corporation had a net margin of 2.16% and a return on equity of 6.88%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the firm earned $0.80 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts forecast that AGCO Corporation will post $2.51 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.14 per share. This is a positive change from AGCO Corporation’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, February 13th. AGCO Corporation’s payout ratio is 26.40%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in AGCO Corporation by 0.6% in the third quarter. Creative Planning now owns 11,434 shares of the company’s stock worth $564,000 after buying an additional 68 shares during the period. Pacer Advisors Inc. raised its position in AGCO Corporation by 1.7% in the third quarter. Pacer Advisors Inc. now owns 7,399 shares of the company’s stock worth $365,000 after buying an additional 121 shares during the period. Calvert Investment Management Inc. raised its position in AGCO Corporation by 2.7% in the second quarter. Calvert Investment Management Inc. now owns 5,702 shares of the company’s stock worth $269,000 after buying an additional 148 shares during the period. AGF Investments America Inc. raised its position in AGCO Corporation by 0.4% in the third quarter. AGF Investments America Inc. now owns 45,431 shares of the company’s stock worth $2,241,000 after buying an additional 161 shares during the period. Finally, BB&T Securities LLC raised its position in AGCO Corporation by 0.5% in the third quarter. BB&T Securities LLC now owns 35,335 shares of the company’s stock worth $1,742,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 88.20% of the company’s stock.

AGCO Corporation Company Profile

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems.

5 Day Chart for NYSE:AGCO

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