AGCO Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:AGCO)
Shares of AGCO (NASDAQ:AGCO) have earned an average rating of “Hold” from the fifteen analysts that are currently covering the stock, Analyst Ratings Network reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $59.58.
A number of research firms have recently commented on AGCO. Analysts at Global Hunter Securities initiated coverage on shares of AGCO in a research note on Thursday, June 19th. They set a “neutral” rating and a $58.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of AGCO in a research note on Wednesday, April 30th. They now have a $55.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of AGCO in a research note on Wednesday, April 30th. They now have a $62.00 price target on the stock.
AGCO (NASDAQ:AGCO) opened at 55.71 on Wednesday. AGCO has a one year low of $49.63 and a one year high of $64.60. The stock has a 50-day moving average of $54.77 and a 200-day moving average of $54.88. The company has a market cap of $5.233 billion and a price-to-earnings ratio of 9.51.
AGCO (NASDAQ:AGCO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.27. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the company posted $1.19 earnings per share. AGCO’s revenue was down 2.9% compared to the same quarter last year. Analysts expect that AGCO will post $5.54 EPS 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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