Piper Jaffray upgraded AGCO Corp (NYSE:AGCO) from Underweight to Neutral in a statement released earlier today.
- Updated: November 28, 2016
Yesterday AGCO Corp (NYSE:AGCO) traded 0.61% higher at $56.50. AGCO Corp’s 50-day average is $51.79 and its two hundred day average is $49.92. With the last stock price up 13.19% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same period. Volume of trade was down over the average, with 438,955 shares of AGCO changing hands under the typical 805,275
Piper Jaffray has upgraded AGCO Corp (NYSE:AGCO) from Underweight to Neutral in a statement released on 11/28/2016.
Previously on 2/03/2016, RBC Capital Markets reported on AGCO Corp (NYSE:AGCO) reduced the target price from $46.00 to $45.00. At the time, this indicated a possible upside of 0.02%.
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AGCO Corp has a 52 week low of $42.40 and a 52 week high of $56.54 with a P/E ratio of 29.15 AGCO’s total market value is presently $0.
A total of 15 equity analysts have released a ratings update on AGCO. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, thirteen equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $49.20.
Brief Synopsis About AGCO Corp (NYSE:AGCO)
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. Its segments include North America, South America, Europe/Africa/Middle East, and Asia/Pacific. The Company's Chinese harvesting business operates within the Asia/Pacific segment. The former sprayer reporting unit operates within the North American segment. The Company's products include tractors, combines, application equipment, hay tools and forage equipment, implements and other equipment, grain storage and protein production systems, and replacement parts. Its AGCO Power engines division produces diesel engines, gears and generating sets. Its products are marketed under brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra.
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