Agricultural machinery maker AGCO misses Q2 estimates on softer industry demand
AGCO•Share repurchases and outlook
The company completed $345 million in share repurchases during the quarter.
AGCO sees 2026 net sales between $10.1 billion and $10.2 billion, targets 2026 adjusted EPS of $5.50 to $5.75, and projects 2026 adjusted operating margin of about 7.5%.
Analyst coverage and valuation
The current average analyst rating on the shares is hold, with 5 strong buy or buy, 10 hold, and 2 sell or strong sell ratings.
The average consensus recommendation for the heavy machinery & vehicles peer group is buy. Wall Street's median 12-month price target for AGCO Corp is $127.50, about 9.8% above its July 29 closing price of $116.17.
The stock recently traded at 16 times the next 12-month earnings, versus a P/E of 18 three months ago.
