Morgan Stanley analyst Courtney Yakavonis maintained a Hold rating on Agco (AGCO) today and set a price target of $62.00. The company’s shares closed last Monday at $50.63.
According to TipRanks.com, Yakavonis is a 1-star analyst with an average return of -6.5% and a 26.9% success rate. Yakavonis covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Allison Transmission Holdings, and Timken Company.
Agco has an analyst consensus of Moderate Buy, with a price target consensus of $72.17, a 39.1% upside from current levels. In a report issued on March 30, Wells Fargo also maintained a Hold rating on the stock with a $54.00 price target.
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The company has a one-year high of $81.39 and a one-year low of $35.34. Currently, Agco has an average volume of 641.4K.
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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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