Other analysts have also issued research reports about the company. Goldman Sachs Group lowered AGCO from a “buy” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $70.00 in a report on Thursday, February 13th. Wells Fargo & Co lowered their target price on AGCO from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. BMO Capital Markets raised AGCO from a “market perform” rating to an “outperform” rating and raised their target price for the company from $80.00 to $100.00 in a report on Thursday, November 14th. TheStreet lowered AGCO from a “b” rating to a “c+” rating in a report on Thursday, February 6th. Finally, OTR Global lowered AGCO to a “positive” rating in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $83.29.
Shares of AGCO stock traded up $1.11 during trading on Friday, reaching $68.58. The company had a trading volume of 674,594 shares, compared to its average volume of 462,728. The firm’s 50 day simple moving average is $71.41 and its two-hundred day simple moving average is $74.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 0.57. AGCO has a one year low of $63.73 and a one year high of $81.39. The company has a market capitalization of $5.10 billion, a PE ratio of 43.13, a PEG ratio of 1.22 and a beta of 1.00.
Large investors have recently made changes to their positions in the company. Prime Capital Investment Advisors LLC acquired a new stake in shares of AGCO during the 3rd quarter worth approximately $26,000. Vigilant Capital Management LLC acquired a new stake in shares of AGCO during the 4th quarter worth approximately $39,000. First Mercantile Trust Co. acquired a new stake in shares of AGCO during the 3rd quarter worth approximately $38,000. CSat Investment Advisory L.P. grew its holdings in shares of AGCO by 175.6% during the 4th quarter. CSat Investment Advisory L.P. now owns 554 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 353 shares in the last quarter. Finally, Quest Capital Management Inc. ADV acquired a new stake in shares of AGCO during the 3rd quarter worth approximately $64,000. 80.78% of the stock is currently owned by institutional investors.
AGCO Company Profile
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses.
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