AGCO Corporation (AGCO) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 52 from a previous price target of $45 . RBC Capital Mkts advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on AGCO Corporation. Shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Sector Perform” and Lowered the Price Target to $ 45 from a previous price target of $46 .Shares were Reiterated by Barclays on Feb 3, 2016 to “Equal Weight” and Lowered the Price Target to $ 43 from a previous price target of $45 .
On the company’s financial health, AGCO Corporation reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.05. The company had revenue of $1559.30 million for the quarter, compared to analysts expectations of $1470.72 million. The company’s revenue was down -8.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.
AGCO Corporation opened for trading at $55 and hit $56 on the upside on Wednesday, eventually ending the session at $53.97, with a gain of 1.39% or 0.74 points. The heightened volatility saw the trading volume jump to 29,50,165 shares. Company has a market cap of $4,450 M.
In a different news, on Aug 7, 2015, Gary L Collar (Sr. VP – General Manager, APAC) sold 3,000 shares at $57.00 per share price. According to the SEC, on Aug 7, 2015, Robert B Crain (Sr VP, Gen. Mgr. Americas) sold 3,000 shares at $56.25 per share price. On Aug 4, 2015, Andrew H Beck (Sr. VP and CFO) sold 3,809 shares at $54.87 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s geographical segments include North America South America Europe/Africa/Middle East and Asia/Pacific. The Company’s 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.