News stories about AGCO (NYSE:AGCO) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AGCO earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 47.3319865674908 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s rankings:
- The new AGCO strategy (country-guide.ca)
- 11 Ways to Make Sure Your Header Is Doing It’s Job (agweb.com)
- Off Highway Vehicle Engines Market Analysis 2018-2025 Key Players: Mahindra & Mahindra, Volvo, Panasonic, AGCO Power (digitaljournal.com)
- Top Scenario: Precision Agriculture Systems Market by Key Vendors: CropX, AGCO Corp, AgJunction (digitaljournal.com)
- New Pull-Type Disc Mower Conditioners Introduced by Massey Ferguson (dairyherd.com)
Shares of AGCO traded down $0.30 during mid-day trading on Friday, reaching $58.49. The company’s stock had a trading volume of 822,875 shares, compared to its average volume of 584,679. The company has a market cap of $4.68 billion, a P/E ratio of 19.37, a PEG ratio of 1.00 and a beta of 0.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 1.42. AGCO has a 12-month low of $56.36 and a 12-month high of $75.95.
AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.45 billion. AGCO had a return on equity of 9.31% and a net margin of 2.44%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS. analysts predict that AGCO will post 3.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Wednesday, August 15th were paid a $0.15 dividend. The ex-dividend date was Tuesday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. AGCO’s dividend payout ratio (DPR) is currently 19.87%.
Several analysts have issued reports on AGCO shares. TheStreet lowered AGCO from a “b” rating to a “c+” rating in a research note on Thursday, June 21st. ValuEngine lowered AGCO from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Zacks Investment Research raised AGCO from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, July 3rd. Deutsche Bank set a $79.00 target price on AGCO and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $70.00 target price on shares of AGCO in a research note on Friday, July 20th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. AGCO currently has an average rating of “Hold” and an average target price of $71.00.
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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