BMO Capital Sticks to Its Hold Rating for Agco

By Ryan Adsit

In a report released yesterday, Joel Tiss from BMO Capital reiterated a Hold rating on Agco (NYSE: AGCO), with a price target of $75. The company’s shares closed yesterday at $69.20.

According to, Tiss is a 5-star analyst with an average return of 12.5% and a 67.5% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, John Bean Technologies, and Wabash National Corp.

Currently, the analyst consensus on Agco is Hold and the average price target is $71.40, representing a 3.2% upside.

In a report released yesterday, J.P. Morgan also upgraded the stock to Hold with a $66 price target.

Based on Agco’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.99 billion and quarterly net profit of $60.7 million. In comparison, last year the company earned revenue of $2.09 billion and had a net profit of $62 million.

Based on the recent corporate insider activity of 68 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.