Credit Suisse analyst Jamie Cook maintained a Hold rating on Agco (AGCO) yesterday and set a price target of $63. The company’s shares closed yesterday at $54.70.
According to TipRanks.com, Cook is a 4-star analyst with an average return of 4.5% and a 51.0% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Advanced Disposal Services Inc, Aecom Technology Corp, and Jacobs Engineering.
Currently, the analyst consensus on Agco is a Hold with an average price target of $62.11, representing a 13.5% upside. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $69 price target.
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Agco’s market cap is currently $4.43B and has a P/E ratio of 18.98. The company has a Price to Book ratio of 1.48.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.
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AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. It offers tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
