AGCO Corporation (AGCO) Receives Price Target

AGCO Corporation (AGCO) : The most positive equity analysts on AGCO Corporation (AGCO) expects the shares to touch $61, whereas, the least positive believes that the stock will trade at $37 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $47.22 with an expected fluctuation of $7.87 from the mean.

AGCO Corporation (AGCO) has an average broker rating of 3.3, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.


Also, Major Brokerage house, PiperJaffray downgrades its ratings on AGCO Corporation (NYSE:AGCO). According to the latest information available, the shares are now rated Underweight by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 25, 2016.

AGCO Corporation (NYSE:AGCO): The stock opened at $48.58 on Thursday but the bulls could not build on the opening and the stock topped out at $48.83 for the day. The stock traded down to $47.21 during the day, due to lack of any buying support eventually closed down at $47.44 with a loss of -2.27% for the day. The stock had closed at $48.54 on the previous day. The total traded volume was 730,172 shares.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. Its products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. It also provides retail financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. The Companys geographical segments include North America, South America, Europe/Africa/Middle East and Asia/Pacific. The Companys AGCO Power engines division produces diesel engines, gears and generating sets. It also offers precision farming technologies, which are installed in its products and include satellite-based steering, field data collection, yield mapping and telemetry-based fleet management systems.

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