News coverage about AGCO (NYSE:AGCO) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 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 coverage optimism score of 0.12 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 47.6571915226101 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- Farm Tractor Market Global Share 2018: Mahindra & Mahindra Ltd., AGCO Corporation, Claas KGaA mbH, CNH … (firstpharmacist.com)
- Zacks: Analysts Expect AGCO Co. (AGCO) Will Announce Earnings of $0.84 Per Share (americanbankingnews.com)
- $2.16 Billion in Sales Expected for AGCO Co. (AGCO) This Quarter (americanbankingnews.com)
- Seaport Global Securities Equities Analysts Lower Earnings Estimates for AGCO Co. (AGCO) (americanbankingnews.com)
- AGCO to Present at the Jefferies 2018 Global Industrials Conference (finance.yahoo.com)
AGCO opened at $61.20 on Friday, according to MarketBeat.com. AGCO has a 1 year low of $56.36 and a 1 year high of $75.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 1.42. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.08 and a beta of 0.73.
AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.04. AGCO had a net margin of 2.44% and a return on equity of 9.31%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the company posted $1.15 EPS. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. research analysts forecast that AGCO will post 3.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Wednesday, August 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date is Tuesday, August 14th. AGCO’s dividend payout ratio is presently 19.87%.
A number of analysts recently commented on the stock. TheStreet upgraded shares of AGCO from a “c+” rating to a “b-” rating in a research note on Tuesday, July 31st. ValuEngine cut shares of AGCO from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Citigroup dropped their price target on shares of AGCO from $76.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, May 4th. Zacks Investment Research cut shares of AGCO from a “hold” rating to a “sell” rating in a research note on Friday, April 27th. Finally, OTR Global cut shares of AGCO to a “$60.18” rating in a research note on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $72.13.
In other AGCO news, SVP Lucinda B. Smith sold 1,500 shares of the stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $68.50, for a total value of $102,750.00. Following the sale, the senior vice president now directly owns 44,373 shares in the company, valued at approximately $3,039,550.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.60% of the company’s stock.
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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