November 28, 2016 - By Darrin Black
Piper Jaffray upgraded the shares of AGCO Corp (AGCO) from a “Underweight” rating to “Neutral” rating in a an analyst note shared with investors on 28 November.
Out of 2 analysts covering AGCO Corp (AGCO), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. AGCO Corp has been the topic of 2 analyst reports since September 7, 2016 according to StockzIntelligence Inc. Deutsche Bank initiated AGCO Corporation (NYSE:AGCO) rating on Wednesday, September 7. Deutsche Bank has “Hold” rating and $54.0 price target. The firm earned “Outperform” rating on Monday, October 10 by Wells Fargo.
About 385,377 shares traded hands. AGCO Corporation (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 $58.19 million for 19.59 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 is positive, 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.
Waverton Inv Mgmt Ltd last reported 0.19% of its portfolio in the stock. Enterprise Fin Services owns 24 shares or 0% of their US portfolio. Comerica Bancshares has 0.02% invested in the company for 56,726 shares. Mizuho Asset Coltd accumulated 874 shares or 0.01% of the stock. Moreover, Seven Eight Capital Ltd Liability Com has 0.12% invested in AGCO Corporation (NYSE:AGCO) for 7,346 shares. First Tru Advsrs Lp holds 0.01% or 99,345 shares in its portfolio. Price T Rowe Md has invested 0.01% of its portfolio in AGCO Corporation (NYSE:AGCO). Citadel Advsr Limited Liability Company last reported 81,312 shares in the company. Robecosam Ag has invested 0.27% of its portfolio in AGCO Corporation (NYSE:AGCO). Trexquant L P owns 11,652 shares or 0.07% of their US portfolio. Moreover, Thrivent Fincl For Lutherans has 0.17% invested in AGCO Corporation (NYSE:AGCO) for 755,800 shares. Hudock Capital Group Ltd Liability Co holds 0.02% or 670 shares in its portfolio. Geode Mngmt Ltd Limited Liability Company holds 0.01% of its portfolio in AGCO Corporation (NYSE:AGCO) for 460,213 shares. Amer owns 137,371 shares or 0% of their US portfolio. Swiss Financial Bank last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since August 16, 2016, the stock had 0 insider buys, and 2 insider sales for $135,870 net activity. Another trade for 283 shares valued at $13,493 was made by Veltmaat Hans Bernd on Tuesday, August 16. COLLAR GARY L also sold $122,377 worth of AGCO Corporation (NYSE:AGCO) on Monday, November 14.
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 29.2 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 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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By Darrin Black