Analyst Rating Update on AGCO Corporation (AGCO)

AGCO Corporation (NYSE:AGCO) : 1 brokerage houses believe that AGCO Corporation (NYSE:AGCO) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AGCO Corporation (NYSE: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. 2 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 3.27.

AGCO Corporation (NYSE:AGCO) : 9 investment research analysts covering AGCO Corporation (NYSE:AGCO) have an average price target of $48.44 for the near short term. The highest target price given by the Brokerage Firm to the stock is $61 and the lowest target is $39 for the short term. Analysts expect the variance to be within $6.64 of the average price.

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

AGCO Corporation (NYSE:AGCO): stock turned positive on Tuesday. Though the stock opened at $46.11, the bulls momentum made the stock top out at $46.56 level for the day. The stock recorded a low of $45.01 and closed the trading day at $46.12, in the green by 1.34%. The total traded volume for the day was 1,159,599. The stock had closed at $45.51 in the previous days trading.

In an insider trading activity,The officer (Sr. VP – General Manager, APAC) of Agco Corp /De, Collar Gary L sold 5,168 shares at $51.01 on May 24, 2016. The Insider selling transaction had a total value worth of $263,620. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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