AGCOAGCO
AGCO
About: Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes about 3,100 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.
Employees: 27,900
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1% more capital invested
Capital invested by funds: $5.96B [Q2] → $6.03B (+$67.9M) [Q3]
0.9% more ownership
Funds ownership: 81.62% [Q2] → 82.52% (+0.9%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
9% less funds holding
Funds holding: 475 [Q2] → 432 (-43) [Q3]
10% less call options, than puts
Call options by funds: $13.9M | Put options by funds: $15.5M
25% less repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 180
44% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 98
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$99
6%
upside
Avg. target
$105
13%
upside
High target
$116
24%
upside
5 analyst ratings
2 positive
40%
3 neutral
60%
0 negative
0%
Truist Securities Jamie Cook 71% 1-year accuracy 56 / 79 met price target | 24%upside $116 | Buy Maintained | 19 Dec 2024 |
Citigroup Kyle Menges 29% 1-year accuracy 5 / 17 met price target | 7%upside $100 | Neutral Maintained | 9 Dec 2024 |
Morgan Stanley Angel Castillo 59% 1-year accuracy 10 / 17 met price target | 8%upside $101 | Equal-Weight Initiated | 3 Dec 2024 |
Goldman Sachs Jerry Revich 53% 1-year accuracy 20 / 38 met price target | 6%upside $99 | Neutral Maintained | 6 Nov 2024 |
Oppenheimer Kristen Owen 42% 1-year accuracy 13 / 31 met price target | 19%upside $111 | Outperform Maintained | 6 Nov 2024 |
Financial journalist opinion
Based on 12 articles about AGCO published over the past 30 days
Neutral
PRNewsWire
2 days ago
AGCO Raises Long-Term Financial Targets, Provides 2025 Outlook at 2024 Analyst Meeting
Farmer-First Strategy Delivering Value for Farmers and Generating Higher Through-the-Cycle Returns for Shareholders NEW YORK , Dec. 19, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced new financial targets to investors at its 2024 Analyst Meeting as it remains focused on driving enhanced durability and profitability through the cycle. By 2029, AGCO is targeting to: Improve adjusted mid-cycle adjusted operating margins to 14%-15%1 Outgrow the industry by 4%-5% annually Annually deliver free cash flow conversion of 75%-100%2 Expand net sales of Fendt in North and South America to $1.7 billion as the company continues to roll out a full line of Fendt products Grow parts net sales to $2.3 billion while increasing market share of genuine AGCO parts Deliver precision ag net sales of $2.0 billion "Our Farmer-First strategy has served us well since its launch in 2021, driving us to deliver even more innovative solutions for farmers through our differentiated portfolio of leading brands," said Eric Hansotia, AGCO's Chairman, President and Chief Executive Officer.
Neutral
GlobeNewsWire
2 days ago
AGCO Issues 7-Day Suspension Notice to Montrose Cannabis in Pickering
TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- The Alcohol and Gaming Commission of Ontario (AGCO) has issued a Notice of Proposal to suspend the Cannabis Retail Store Authorization for 12473291 Canada Inc., operating as Montrose Cannabis in Pickering, Ontario. The seven-day suspension has been proposed following AGCO inspections that revealed significant breaches of the Cannabis Licence Act, 2018 (CLA) and its regulations.
Neutral
Business Wire
2 days ago
TAFE Urges AGCO to Address Critical Questions Regarding its Strategic Priorities During 2024 Analyst Day
CHENNAI, India--(BUSINESS WIRE)--Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”) is the largest shareholder of AGCO Corporation (NYSE: AGCO) (“AGCO” or the “Company”) with a 16.3% long-term, strategic equity stake in the Company. Today, TAFE urged management to address the following questions during its upcoming Analyst Day, which is scheduled to be held at 9 A.M. Eastern Standard Time on December 19, 2024. TAFE believes these questions are of criti.
Positive
Zacks Investment Research
3 days ago
3 Farm Equipment Stocks to Watch Despite Industry Challenges
The Manufacturing - Farm Equipment industry bears the impacts of low farm income. Demand will eventually pick up, aided by growing demand for food.
Neutral
PRNewsWire
5 days ago
AGCO Names Randy Bauwens of Town & Country Supply Association Its 2024 Operator of the Year
Montana operator recognized for professionalism, agronomic skills and continuous service to area farmers and community DULUTH, Ga. , Dec. 16, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, named Randy Bauwens of Town & Country Supply Association in Laurel, Montana, its 2024 Operator of the Year at the ARA Annual Conference & Expo in Houston on December 4.
Positive
Seeking Alpha
6 days ago
AGCO Might Be An Attractive Investment To Ride The Agricultural Recovery
The agricultural sector is in a severe down-cycle, but AGCO's strong market position and growth potential make it an attractive investment at its current price. AGCO's strategic acquisitions and dominant brands like Fendt, Valtra, and Massey Ferguson position it well for future growth, especially in Precision Agriculture. Despite current challenges, AGCO's simplified dealership structure and focus on debt reduction provide a solid foundation for a potential upcycle by 2H 2025.
Neutral
PRNewsWire
1 week ago
AGCO Announces Retirement of Senior Vice President Bob Crain
DULUTH, Ga. , Dec. 10, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced Bob Crain, Senior Vice President (SVP) and General Manager, Grain & Protein, will retire at the end of December 2024 after nearly 19 years of dedicated service to AGCO and more than 30 years' experience in the agricultural equipment business.
Neutral
PRNewsWire
2 weeks ago
AGCO TO HOST ANALYST MEETING
DULUTH, Ga. , Dec. 6, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today it will conduct an analyst meeting in New York City on Thursday, December 19, 2024.
Positive
Zacks Investment Research
2 weeks ago
Why Is Agco (AGCO) Up 5.2% Since Last Earnings Report?
Agco (AGCO) reported earnings 30 days ago. What's next for the stock?
Neutral
PRNewsWire
2 weeks ago
AGCO Celebrates Grand Opening of AGCO Technician Training Center at Parkland College
DULUTH, Ga. , Dec. 4, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, celebrated the grand opening of the AGCO Technician Training Center at Parkland College in Champaign, Illinois.
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