Rating Flow: Is AGCO Corp (NYSE:AGCO) a Buy? Piper Jaffray Upgrades It

November 28, 2016 - By Linda Rogers

Rating Flow:  Is AGCO Corp (NYSE:AGCO) a Buy? Piper Jaffray Upgrades It

AGCO Corp (NYSE:AGCO) Upgrade

AGCO Corp (NYSE:AGCO)‘s stock was increased to “Neutral” by equity analysts at Piper Jaffray. AGCO’s “Underweight” rating is no longer valid.

AGCO Corporation (NYSE:AGCO) Ratings Coverage

Out of 12 analysts covering Agco Corporation (NYSE:AGCO), 1 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 8% are positive. $54 is the highest target while $39 is the lowest. The $47.82 average target is -15.29% below today’s ($56.45) stock price. Agco Corporation has been the topic of 24 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was initiated by Deutsche Bank on Wednesday, September 7 with “Hold”. The firm earned “Equal-Weight” rating on Wednesday, October 12 by Barclays Capital. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, April 28 report. The stock of AGCO Corporation (NYSE:AGCO) earned “Neutral” rating by Piper Jaffray on Monday, August 24. Deutsche Bank maintained it with “Hold” rating and $50 target price in Wednesday, October 12 report. The stock of AGCO Corporation (NYSE:AGCO) has “Neutral” rating given on Friday, September 25 by Bank of America. The company was initiated on Friday, September 25 by Barclays Capital. The company was upgraded on Monday, October 10 by Wells Fargo. Citigroup maintained the shares of AGCO in a report on Friday, July 15 with “Neutral” rating. As per Wednesday, December 16, the company rating was maintained by RBC Capital Markets.

About 275,049 shares traded hands. AGCO Corporation (NYSE:AGCO) has risen 6.52% since April 25, 2016 and is uptrending. It has outperformed by 0.51% the S&P500.

Analysts await AGCO Corporation (NYSE:AGCO) to report earnings on February, 7. They expect $0.72 EPS, down 10.00% or $0.08 from last year’s $0.8 per share. AGCO’s profit will be $58.16 million for 19.60 P/E if the $0.72 EPS becomes a reality. After $0.51 actual EPS reported by AGCO Corporation for the previous quarter, Wall Street now forecasts 41.18% EPS growth.

Insitutional Activity: The institutional sentiment increased to 0.87 in 2016 Q2. Its up 0.26, from 0.61 in 2016Q1. The ratio increased, as 49 funds sold all AGCO Corporation shares owned while 133 reduced positions. 20 funds bought stakes while 91 increased positions. They now own 70.87 million shares or 7.82% less from 76.88 million shares in 2016Q1.

Van Eck Associate last reported 153,815 shares in the company. Jefferies Group Ltd last reported 0% of its portfolio in the stock. Robecosam Ag has invested 0.27% of its portfolio in AGCO Corporation (NYSE:AGCO). Art Advsrs Limited Liability Co holds 33,281 shares or 0.08% of its portfolio. Mizuho Asset Mgmt Coltd has 874 shares for 0.01% of their US portfolio. Price T Rowe Assoc Incorporated Md has 568,946 shares for 0.01% of their US portfolio. Seven Eight Capital Ltd accumulated 7,346 shares or 0.12% of the stock. Metropolitan Life Insur Ny accumulated 66,586 shares or 0.02% of the stock. The New York-based Teachers Advsr has invested 0.01% in AGCO Corporation (NYSE:AGCO). Moreover, Kcg has 0.01% invested in AGCO Corporation (NYSE:AGCO) for 12,176 shares. Victory holds 12,384 shares or 0% of its portfolio. Tweedy Browne Limited Liability Corporation has 776,392 shares for 1.03% of their US portfolio. Gsa Prns Llp holds 12,667 shares or 0.03% of its portfolio. Capstone Asset Mngmt last reported 8,320 shares in the company. Moreover, Virginia Retirement Et Al has 0.05% invested in AGCO Corporation (NYSE:AGCO) for 73,000 shares.

Insider Transactions: Since August 16, 2016, the stock had 0 buys, and 2 sales for $135,870 net activity. COLLAR GARY L sold $122,377 worth of stock or 2,309 shares. Veltmaat Hans Bernd also sold $13,493 worth of AGCO Corporation (NYSE:AGCO) shares.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The company has a market cap of $4.56 billion. The Firm 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. It has a 29.22 P/E ratio. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific.

According to Zacks Investment Research, “AGCO CORP. is engaged in the manufacturer and distribution of farm equipment, machinery and replacement parts in the United States and Canada. Products include tractors, combines, hay tools and forage equipment and implements.”

AGCO Company Profile

AGCO Corporation, incorporated on April 22, 1991, is a maker and distributor of agricultural equipment and related replacement parts around the world. The Firm 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. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific. The Company’s Chinese harvesting business operates within the Asia/Pacific segment. The former sprayer reporting unit operates within the North American segment. The Company’s products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. It also provides retail financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.

Another recent and important AGCO Corporation (NYSE:AGCO) news was published by Nasdaq.com which published an article titled: “AGCO Corporation (AGCO) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016.

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