Ratings Change: Is PiperJaffray Very Positive For AGCO (NYSE:AGCO) After Its Upgrade?

November 28, 2016 - By Ellis Scott

Ratings Change:  Is PiperJaffray Very Positive For AGCO (NYSE:AGCO) After Its Upgrade?

AGCO (NYSE:AGCO) Upgrade

AGCO (NYSE:AGCO) was boosted by PiperJaffray from a “Underweight” rating to a “Neutral” rating in a a research report revealed on Monday, 28 November.

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 -15.12% below today’s ($56.34) stock price. Agco Corporation has been the topic of 24 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, October 12 by Barclays Capital. On Wednesday, October 12 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Neutral” rating given on Friday, September 25 by Bank of America. The stock has “Underperform” rating given by Bank of America on Friday, October 2. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, December 16. The stock of AGCO Corporation (NYSE:AGCO) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, February 3. The firm has “Equal Weight” rating given on Wednesday, December 16 by Barclays Capital. Deutsche Bank initiated AGCO Corporation (NYSE:AGCO) on Wednesday, September 7 with “Hold” rating. The rating was downgraded by JP Morgan to “Underweight” on Monday, June 27. The firm has “Neutral” rating by Piper Jaffray given on Monday, August 24.

About 504,236 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 earnings per share, down 10.00% or $0.08 from last year’s $0.8 per share. AGCO’s profit will be $58.14 million for 19.57 P/E if the $0.72 EPS becomes a reality. After $0.51 actual earnings per share 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 Q2 2016. Its up 0.26, from 0.61 in 2016Q1. The ratio improved, 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.

State Street holds 3.36M shares or 0.02% of its portfolio. Auxier Asset reported 8,005 shares or 0.09% of all its holdings. Finemark Natl Fincl Bank has invested 0% of its portfolio in AGCO Corporation (NYSE:AGCO). Zuckerman Inv Gp Ltd Company holds 3.49% or 277,195 shares in its portfolio. Schroder Invest Mngmt, a Maine-based fund reported 658,300 shares. Gru One Trading Ltd Partnership has 4,000 shares for 0% of their US portfolio. Hodges Management holds 1.24% or 540,740 shares in its portfolio. Duncker Streett has 10,165 shares for 0.17% of their US portfolio. Court Place Advsrs Llc last reported 6,875 shares in the company. Bluestein R H & has invested 0.02% of its portfolio in AGCO Corporation (NYSE:AGCO). Nuveen Asset Mngmt Limited Com has 29,628 shares for 0.01% of their US portfolio. Southernsun Asset Mngmt Limited has 5.03% invested in the company for 4.06 million shares. Td Asset Mgmt Incorporated owns 69,678 shares or 0.01% of their US portfolio. Moreover, Blackrock Japan has 0.01% invested in AGCO Corporation (NYSE:AGCO) for 76,515 shares. Ig Inv Ltd owns 159,581 shares or 0.03% of their US portfolio.

Insider Transactions: Since August 16, 2016, the stock had 0 buys, and 2 sales for $135,870 net activity. Another trade for 2,309 shares valued at $122,377 was made by COLLAR GARY L on Monday, November 14. Shares for $13,493 were sold by Veltmaat Hans Bernd.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The company has a market cap of $4.55 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 29.16 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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