Jefferies Sticks to Their Hold Rating for Agco

By Jason Carr

Jefferies analyst Stephen Volkmann reiterated a Hold rating on Agco (NYSE: AGCO) yesterday and set a price target of $61. The company’s shares closed yesterday at $63.59, close to its 52-week high of $65.67.

According to, Volkmann is a top 100 analyst with an average return of 16.2% and a 71.4% 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 $64.40, representing a 1.3% upside.

In a report issued on May 26, BMO Capital also reiterated a Hold rating on the stock with a $70 price target.

Agco’s market cap is currently $5.05B and has a P/E ratio of 36.34. The company has a book value ratio of 1.7978.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Richard Robinson Smith, the Sr. VP, General Manager EAME of AGCO sold 5,218 shares for a total of $336,089.

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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. Ratliff in 1990 and is headquartered in Duluth, GA.