Were Analysts Bearish AGCO Corporation (NYSE:AGCO) This Week?

April 24, 2018 - By Migdalia James

AGCO Corporation (NYSE:AGCO) LogoInvestors sentiment increased to 1.05 in 2017 Q4. Its up 0.24, from 0.81 in 2017Q3. It is positive, as 36 investors sold AGCO Corporation shares while 110 reduced holdings. 60 funds opened positions while 93 raised stakes. 63.22 million shares or 1.93% less from 64.46 million shares in 2017Q3 were reported.
Old Mutual Customised Solutions (Proprietary) Limited reported 0.04% in AGCO Corporation (NYSE:AGCO). Toronto Dominion Bancorp holds 3,750 shares or 0% of its portfolio. Bb&T Limited reported 18,571 shares. Us Natl Bank De has invested 0% of its portfolio in AGCO Corporation (NYSE:AGCO). Gam Holdings Ag, Switzerland-based fund reported 5,406 shares. Earnest Prtnrs Ltd Liability Company owns 32 shares for 0% of their portfolio. Ubs Asset Mgmt Americas Inc owns 2.35M shares or 0.14% of their US portfolio. Guggenheim Cap Lc reported 107,100 shares stake. Amundi Pioneer Asset Mngmt Inc reported 0.01% in AGCO Corporation (NYSE:AGCO). Barrow Hanley Mewhinney Strauss Limited invested in 0% or 488 shares. 65,000 are held by Sarasin And Partners Llp. 32,488 are owned by Mason Street Advisors Limited Liability Corp. Utd Advisers Ltd Company invested in 0% or 3,947 shares. Texas Permanent School Fund holds 0.04% in AGCO Corporation (NYSE:AGCO) or 44,575 shares. Cubist Systematic Strategies Limited Liability Corp stated it has 11,930 shares or 0.05% of all its holdings.

Since February 14, 2018, it had 0 insider purchases, and 1 insider sale for $173,830 activity.

AGCO Corporation (NYSE:AGCO) Ratings Coverage

Among 12 analysts covering Agco (NYSE:AGCO), 1 have Buy rating, 2 Sell and 9 Hold. Therefore 8% are positive. Agco had 16 analyst reports since October 31, 2017 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Wednesday, February 7. The company was maintained on Wednesday, February 7 by Credit Suisse. On Wednesday, November 1 the stock rating was maintained by Piper Jaffray with “Hold”. As per Thursday, February 8, the company rating was maintained by BMO Capital Markets. J.P. Morgan upgraded it to “Hold” rating and $66.0 target in Wednesday, February 7 report. As per Thursday, January 11, the company rating was maintained by RBC Capital Markets. The stock of AGCO Corporation (NYSE:AGCO) has “Buy” rating given on Friday, December 1 by Goldman Sachs. RBC Capital Markets maintained the stock with “Hold” rating in Monday, November 6 report. The stock has “Neutral” rating by JP Morgan on Wednesday, February 7. Stifel Nicolaus maintained AGCO Corporation (NYSE:AGCO) rating on Thursday, December 21. Stifel Nicolaus has “Hold” rating and $73.0 target. Below is a list of AGCO Corporation (NYSE:AGCO) latest ratings and price target changes.

17/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $77.0000 Maintain
02/03/2018 Broker: Morgan Stanley Rating: Underweight New Target: $69 Initiates Coverage On
07/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $80.0 Maintain
08/02/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $85 New Target: $75 Maintain
07/02/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $75 New Target: $72 Maintain
07/02/2018 Broker: Bank of America Old Rating: Underperform New Rating: Underperform Old Target: $70 New Target: $64 Maintain
07/02/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Neutral Upgrade
07/02/2018 Broker: J.P. Morgan Rating: Hold New Target: $66.0 Upgrade
18/01/2018 Broker: Seaport Global Rating: Hold Maintain
11/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $79.0 Maintain

The stock decreased 0.02% or $0.01 during the last trading session, reaching $66.29. About 521,373 shares traded. AGCO Corporation (NYSE:AGCO) has risen 9.33% since April 24, 2017 and is uptrending. It has underperformed by 2.22% the S&P500.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company has market cap of $5.27 billion. The firm offers tractors, including high horsepower tractors that are used on 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. It has a 28.57 P/E ratio. It also provides combines that are used in harvesting grain crops; and application equipment, including self-propelled, three- and four-wheeled vehicles and related equipment for use in the application of liquid and dry fertilizers and crop protection chemicals, as well as for after crops emerge from the ground.

AGCO Corporation (NYSE:AGCO) Institutional Positions Chart

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