In a report released today, Joel Tiss from BMO Capital maintained a Hold rating on Agco (AGCO), with a price target of $80. The company’s shares closed last Monday at $76.79, close to its 52-week high of $80.64.
According to TipRanks.com, Tiss is a 5-star analyst with an average return of 10.0% and a 63.3% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Kennametal, Terex Corp, and Navistar.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Agco with a $82.60 average price target.
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Agco’s market cap is currently $5.85B and has a P/E ratio of 15.96. The company has a Price to Book ratio of 1.91.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AGCO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. Its products include tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
