Jefferies Keeps a Buy Rating on Agco (AGCO)

Jefferies analyst Stephen Volkmann maintained a Buy rating on Agco (AGCO) on April 29 and set a price target of $180.00. The company’s shares closed last Tuesday at $150.71, close to its 52-week high of $158.62.

According to, Volkmann is a 5-star analyst with an average return of 26.8% and a 74.5% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Lennox International, Illinois Tool Works, and Parker Hannifin.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Agco with a $161.64 average price target, which is an 8.5% upside from current levels. In a report issued on April 22, Oppenheimer also assigned a Buy rating to the stock with a $166.00 price target.

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The company has a one-year high of $158.62 and a one-year low of $42.84. Currently, Agco has an average volume of 628.3K.

Based on the recent corporate insider activity of 61 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.

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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. It operates through the following segments: North America; South America; Europe and Middle East; and Asia Pacific and Africa. The Asia/Pacific/Africa segment includes the regions of Australia and New Zealand. The company was founded by Robert J. Ratliff in 1990 and is headquartered in Duluth, GA.

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