Brokerage Firm Rating Update on AGCO Corporation (AGCO)

AGCO Corporation (AGCO) : Zacks Investment Research ranks AGCO Corporation (AGCO) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 3.3, which indicates as a Hold.

AGCO Corporation (AGCO) : 9 investment research analysts covering AGCO Corporation (AGCO) have an average price target of $47.22 for the near short term. The highest target price given by the Brokerage Firm to the stock is $61 and the lowest target is $37 for the short term. Analysts expect the variance to be within $7.87 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm PiperJaffray downgrades its rating on AGCO Corporation (NYSE:AGCO). The shares have been rated Underweight. 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 $48.07 and touched an intraday high of $48.25 on Wednesday. During the day, the stock corrected to an intraday low of $47.46, however, the bulls stepped in and pushed the price higher to close in the green at $48.07 with a gain of 0.27% for the day. The total traded volume for the day was 602,942. The stock had closed at $47.94 in the previous trading session.

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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