Wells Fargo upgraded AGCO Corp (NYSE:AGCO) from Market Perform to Outperform in a report released today.
- Updated: October 10, 2016
Having a price of $50.20, AGCO Corp (NYSE:AGCO) traded 4.80% higher on the day. With the last close up 5.76% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $48.17 and a 200-day moving average of $49.74. 551,930 shares of the stock were exchanged, down from an average volume of 710,546
Wells Fargo has upgraded AGCO Corp (NYSE:AGCO) from Market Perform to Outperform in a statement released on Monday October 10, 2016.
Recent Performance Chart
AGCO Corp has a price-earnings ratio of 23.64 with a one year low of $42.40 and a one year high of $56.00 AGCO Corp’s market capitalization is presently $0.
Also covering AGCO Corp's price target, a total of 15 analysts have released a research note on AGCO. The one year stock price target is $49.20 with one brokerage rating the company a strong buy, 0 brokers rating the stock a buy, thirteen equity analysts rating the company a hold, 3 firms rating the stock a underperform, and finally zero analysts rating the stock a sell.
General Information 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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