Jefferies Reaffirms Their Hold Rating on Agco

By Austin Angelo

In a report released yesterday, Stephen Volkmann from Jefferies reiterated a Hold rating on Agco (NYSE: AGCO), with a price target of $75. The company’s shares opened today at $68.36.

According to TipRanks.com, Volkmann is a top 100 analyst with an average return of 18.5% and a 73.9% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, Honeywell International, and Illinois Tool Works.

Currently, the analyst consensus on Agco is Hold and the average price target is $71, representing a 3.9% upside.

In a report released yesterday, RBC Capital also reiterated a Hold rating on the stock with a $70 price target.

The company has a one year high of $73.97 and a one year low of $46.22. Currently, Agco has an average volume of 544.1K.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.

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AGCO Corp. engages in the manufacture and trade of agricultural equipment and accessories. The company offers grain storage, tractors, hay tools, sprayers, and forage and tillage equipment. It distributes its products under the following brands: Challenger, Fendt, Massey Ferguso, GSI and Valtra. The company was founded by Robert J.