Agco Corporation (NYSE:AGCO) Upside Target Change
In a research report sent to clients and investors by Credit Suisse on Friday, 2 October, Agco Corporation (NYSE:AGCO) had its PT downgraded to $50.00. The firm presently has “Neutral” rating on the stock.
After (NYSE:AGCO) target decrease, the stock is at the moment trading 0.02% higher at $43.84 as of 09:25 New York time. Agco Corporation’s stock is up 0.21% over the past 200 days. It has outperformed the S&P 500 Index, which has dropped -3.31% over the same time.
Out of 15 analysts covering Agco Corporation, 1 rate it a Buy, 14 indicate a Hold while 2 suggest a Sell. The highest target is $64 and the lowest is $35 according to Thomson/First Call. The 12-month mean target is $47.73, which means upside potential of 8.87% over the current price.
Institutional Ownership
Blue Harbour Group L.P. had the largest stake with ownership of 4.69 million shares as of Q2 2015 for 7.77% of the long stock exposure. Southernsun Asset Management Llc is another bull as the investment manager who is having 5.96M shares of Agco Corporation or 6.13% of their long stock exposure. In addition, Schwerin Boyle Capital Management Inc have 4.19% of their long stock exposure invested in the company for 561,699 shares. The Illinois-based fund Zuckerman Investment Group Llc revealed it had acquired so far a stake worth about 4.01% of the investment manager’s stock portfolio in Agco Corporation. The Illinois-based fund Fairpointe Capital Llc is also positive about the stock, possessing 315,443 shares or 3.44% of their long stock exposure.
Insider Activity
Over the last six months, Agco Corporation NYSE:AGCO has seen 16 insider buys, and 6 insider selling transactions. The net result was for 22 transactions, worth $39.42 million.
Agco Corporation (NYSE:AGCO) Profile
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 products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra.
Agco Corporation (NYSE:AGCO) traded up 0.02% on 2 October, hitting $43.84. A total of 4,014 shares of the company’s stock traded hands. This is down from average of 1.39M shares. Agco Corporation has a 52 week low of $41.56 and a 52 week high of $57.9. The company has a market cap of $4.06 billion and a P/E ratio of 14.13.
