AGCO Corporation (NYSE:AGCO) Expected to Announce Earnings of $1.03 Per Share

Crain Robert B sold $92,030 worth of AGCO Corporation (NYSE:AGCO) on Friday, February 24. VIAB's profit will be $429.99M for 8.46 P/E if the $1.05 EPS becomes a reality. BlackRock Inc. now owns 6,529,374 shares of the industrial products company's stock valued at $392,938,000 after buying an additional 6,296,716 shares in the last quarter. Bank of America Corporation boosted AGCO Corporation from an "underperform" recommendation to a "neutral" recommendation in a analysis report on Mon, Jun 19th.

Shares of AGCO Corporation (AGCO) traded down 1.183% during midday trading on Friday, hitting $71.405. On average, equities analysts expect that AGCO Corporation will post $2.80 earnings per share for the current year.

Stock market analysts watching AGCO Corporation (NYSE:AGCO) have recently changed their ratings on the stock. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.08 billion. AGCO Corporation had a return on equity of 6.55% and a net margin of 1.90%. The company's revenue was up 8.5% on a year-over-year basis. The industrial products business posted ($0.02) EPS for the period, reaching the Zacks' average forecast of ($0.17) by $0.15. The rating was upgraded by William Blair to "Outperform" on Tuesday, July 11. BidaskClub lifted AGCO Corporation from a "hold" recommendation to a "buy" recommendation in a study on Tue, Jun 13th. Stifel Nicolaus started coverage on shares of AGCO Corporation in a report on Monday, April 10th. They issued a hold rating and a $64.00 target price for the company. BMO Capital Markets increased their price objective on shares of AGCO Corporation from $55.00 to $70.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company's stock. The corporation has a average recommendation of "Hold" and an average price objective of $63.73. PNC Financial Services Group Inc. now owns 3,367 shares of the industrial products company's stock worth $203,000 after buying an additional 106 shares during the period. The firm has a market cap of $5.75 billion, a P/E ratio of 41.07 and a beta of 0.85. AGCO Corporation has a 52 week low of $46.22 and a 52 week high of $72.32. The firm's 50 day moving average price is $68.06 and its 200-day moving average price is $63.58.

Additionally AGCO Corporation recently announced a dividend which was paid on Thursday June 15th, 2017. Investors of record on Tuesday, August 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.78%.

In related news, SVP Lucinda B. Smith sold 5,000 shares of AGCO Corporation stock in a transaction dated Friday, May 5th. Zacks Investment Research upgraded shares of AGCO Corporation from a "hold" rating to a "buy" rating and set a $68.00 price target on the stock in a research report on Tuesday, April 11th.

ILLEGAL ACTIVITY WARNING: This piece was first reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another site, it was copied illegally and republished in violation of United States & global trademark & copyright law. The shares were sold at an average price of $64.00, for a total transaction of $320,000.00. Following the completion of the sale, the senior vice president now directly owns 40,977 shares of the company's stock, valued at approximately $2,622,528. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Richard Robinson Smith sold 2,037 shares of AGCO Corporation stock in a transaction that occurred on Friday, May 12th. The stock was unloaded at a price range of of $63.91, amounting to $130,184.67. The disclosure for this sale can be found here.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of AGCO Corporation by 4.3% in the first quarter. Canada Pension Plan Investment Board now owns 472,203 shares of the industrial products company's stock worth $28,417,000 after buying an additional 273,800 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in AGCO Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 5,646,479 shares of the industrial products company's stock valued at $339,804,000 after buying an additional 232,091 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of AGCO Corporation by 117.6% in the fourth quarter. It also increased its holding in Pfizer Inc (NYSE:PFE) by 712,574 shares in the quarter, for a total of 4.94M shares, and has risen its stake in Amerisourcebergen Corp (NYSE:ABC). Moon Capital Management LLC now owns 76,296 shares of the industrial products company's stock worth $4,591,000 after buying an additional 667 shares during the period. The Mitchell Capital Management Co holds 50,448 shares with $5.36M value, down from 53,735 last quarter.

AGCO Corporation, launched on April 22, 1991, is a manufacturer and distributor of agricultural equipment and related replacement parts throughout the world.

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