Credit Suisse analyst Jamie Cook maintained a Hold rating on Agco (AGCO) on October 29 and set a price target of $83.00. The company’s shares closed last Monday at $76.19, close to its 52-week high of $80.64.
According to TipRanks.com, Cook is a 5-star analyst with an average return of 7.7% and a 59.3% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Mcdermott International, Jacobs Engineering, and Fluor Corp.
Agco has an analyst consensus of Moderate Buy, with a price target consensus of $81.00, which is a 6.3% upside from current levels. In a report issued on October 15, Citigroup also maintained a Hold rating on the stock with a $79.00 price target.
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The company has a one-year high of $80.64 and a one-year low of $51.48. Currently, Agco has an average volume of 559.1K.
Based on the recent corporate insider activity of 84 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.
