AGCO Corp. Reaches New 12-Month High at $62.31 (AGCO)
Shares of AGCO Corp. (NASDAQ:AGCO) hit a new 52-week high on Friday, Analyst Ratings Network reports. The company traded as high as $62.31 and last traded at $62.24, with a volume of 489,274 shares trading hands. The stock had previously closed at $61.44.
A number of analysts have recently weighed in on AGCO shares. Analysts at Morgan Stanley initiated coverage on shares of AGCO Corp. (NASDAQ:AGCO) in a research note to investors on Thursday, September 5th. They set an “overweight” rating and a $73.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of AGCO Corp. (NASDAQ:AGCO) from $59.00 to $65.00 in a research note to investors on Friday, August 2nd. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AGCO Corp. (NASDAQ:AGCO) in a research note to investors on Friday, August 2nd. They now have a $60.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $64.56.
AGCO Corp. has a 52-week low of $42.48 and a 52-week high of $61.88. The stock’s 50-day moving average is $58.74 and its 200-day moving average is $54.71. The company has a market cap of $6.036 billion and a price-to-earnings ratio of 11.48.
AGCO Corp. (NASDAQ:AGCO) last announced its earnings results on Wednesday, July 31st. The company reported $2.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.80 by $0.35. The company had revenue of $3.00 million for the quarter, compared to the consensus estimate of $2.83 million. During the same quarter in the prior year, the company posted $2.08 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that AGCO Corp. will post $6.08 earnings per share for the current fiscal year.
AGCO Corporation (NASDAQ:AGCO) is a manufacturer and distributor of agricultural equipment and related replacement parts globally.
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