AGCO Corporation (NYSE:AGCO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research note issued on Thursday. They currently have a $90.00 target price on the industrial products company’s stock, up from their prior target price of $88.00. Deutsche Bank AG’s target price would suggest a potential upside of 22.77% from the stock’s current price.

AGCO has been the subject of several other reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 price objective on shares of AGCO Corporation in a research note on Thursday, August 31st. William Blair raised AGCO Corporation from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 11th. Bank of America Corporation raised AGCO Corporation from an “underperform” rating to a “neutral” rating in a research note on Monday, June 19th. BidaskClub raised AGCO Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets raised their price objective on AGCO Corporation from $55.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $68.14.

AGCO Corporation (NYSE:AGCO) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.11. AGCO Corporation had a return on equity of 6.84% and a net margin of 2.40%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the business posted $1.25 EPS. AGCO Corporation’s quarterly revenue was up 8.5% on a year-over-year basis.

COPYRIGHT VIOLATION WARNING: “AGCO Corporation (AGCO) Given Buy Rating at Deutsche Bank AG” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/21/agco-corporation-agco-given-buy-rating-at-deutsche-bank-ag.html.

In other news, SVP Robert B. Crain sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $71.78, for a total transaction of $1,076,700.00. Following the sale, the senior vice president now owns 89,322 shares in the company, valued at $6,411,533.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lucinda B. Smith sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $73.00, for a total value of $73,000.00. Following the sale, the senior vice president now owns 38,877 shares in the company, valued at approximately $2,838,021. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,750 shares of company stock worth $1,921,390. 16.60% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in shares of AGCO Corporation by 2.5% during the second quarter. Legal & General Group Plc now owns 146,907 shares of the industrial products company’s stock worth $9,900,000 after purchasing an additional 3,540 shares during the last quarter. TD Asset Management Inc. boosted its holdings in shares of AGCO Corporation by 69.2% during the second quarter. TD Asset Management Inc. now owns 251,701 shares of the industrial products company’s stock worth $16,962,000 after purchasing an additional 102,965 shares during the last quarter. AGF Investments America Inc. boosted its holdings in shares of AGCO Corporation by 3.6% during the second quarter. AGF Investments America Inc. now owns 48,515 shares of the industrial products company’s stock worth $3,269,000 after purchasing an additional 1,697 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of AGCO Corporation by 6.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 243,848 shares of the industrial products company’s stock worth $14,675,000 after purchasing an additional 14,879 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of AGCO Corporation by 81.6% during the second quarter. Prudential Financial Inc. now owns 217,120 shares of the industrial products company’s stock worth $14,632,000 after purchasing an additional 97,550 shares during the last quarter. Institutional investors and hedge funds own 80.67% of the company’s stock.

About AGCO Corporation

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.

Analyst Recommendations for AGCO Corporation (NYSE:AGCO)

Receive News & Ratings for AGCO Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO Corporation and related companies with MarketBeat.com's FREE daily email newsletter.