Analyst Rating Update on AGCO Corporation (AGCO)

AGCO Corporation (AGCO) : 1 brokerage houses believe that AGCO Corporation (AGCO) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AGCO Corporation (AGCO). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Hold with a rating of 3.45.

AGCO Corporation (AGCO) : The highest level AGCO Corporation (AGCO) is projected to reach is $61 for the short term and the lowest estimate is at $37. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $46.4 and the possibility the share price can swing is $7.24.

Company shares have received an average consensus rating of Hold for the current week


AGCO Corporation (NYSE:AGCO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.00 and $47.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.77, notching a gain of 1.48% for the day. The total traded volume was 1,057,004 . The stock had closed at $48.06 on the previous day.

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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