In yesterday’s Wall Street session, AGCO Corp. (NYSE:AGCO) shares traded at $123.02, up 1.07% from the previous session.
AGCO stock price is now 6.47% away from the 50-day moving average and 1.73% away from the 200-day moving average. The market capitalization of the company currently stands at $9.18B.
With the price target of $142, Truist recently initiated with Buy rating for AGCO Corp. (NYSE: AGCO). On April 03, 2023, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $149 to quote $135, while ‘Credit Suisse’ rates the stock as ‘Outperform’
A total of 17.15% of the company’s stock is owned by insiders.
During the past 12 months, AGCO Corp. has had a low of $105.77 and a high of $140.46. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.46, and a quick ratio of 0.67. According to the stock market information, the enterprise value for the company is $10.01B, which is based on a 7.87 price-to-earnings ratio, a 7.47 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for AGCO is $115.54 and a two-hundred day moving average price translates $120.93 for the stock.
The latest earnings results from AGCO Corp. (NYSE: AGCO) was released for Dec, 2023. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $3.78, missing analysts’ expectations of $4.02 by -0.24. This compares to $4.30 EPS in the same period last year. The net profit margin was 8.13% and return on equity was 27.44% for AGCO. The company reported revenue of $3.8 billion for the quarter, compared to $3.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.52 percent. For the current quarter, analysts expect AGCO to generate $3.01B in revenue.
