AGCO Corp (NYSE:AGCO) Rating Increased
Trading of Agco Corp (NYSE:AGCO)’s shares is going to be interesting today. JPMorgan increased the stock from a Underweight to a Neutral.
In spite of the firm’s rating upgrade NYSE:AGCO is at the moment trading -1.39% lower at $70.74 as of 4:08 AM New York time. AGCO Corp shares have [From2] 0% in the last 200 days, while the S&P500 Index has increased 6.00% for the same time period.
Out of 15 analysts covering AGCO Corp, 1 rate it a Buy, 13 indicate a Hold while 3 suggest a Sell. The highest target is $63 and the lowest is $35 according to Thomson/First Call. The 12-month mean target is $49.2, which means downside potential of 30.45% over the current price.
Blue Harbour Group L.P. had the most significant stake with ownership of 6.84 million shares as of Q2 2015 for 12.47% of the US long stock exposure. Southernsun Asset Management Llc is another very bullish investment manager who is having 4.03 million shares of AGCO Corp or 4.97% of their US long stock exposure. Furthermore, Zuckerman Investment Group Llc have 3.81% of their US long stock exposure invested in the company for 291,052 shares. The Massachusetts-based fund Schwerin Boyle Capital Management Inc revealed it had bought so far a stake worth about 3.23% of the investment manager’s stock portfolio in AGCO Corp. The Illinois-based fund Fairpointe Capital Llc is also positive about the stock, possessing 472,374 shares or 2.25% of their US long stock exposure.
AGCO Corp (NYSE:AGCO) Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. The Company’s segments are North America, South America, Europe/Middle East, and Asia/Pacific/Africa.
AGCO Corp (NYSE:AGCO) traded down -1.39% on 7 February, hitting $70.74. A total of 582,638 shares of the company’s stock traded hands. This is down from average of 585,144 shares. AGCO Corp has a 52 week low of $48.93 and a 52 week high of $75.58. The company has a market cap of $5.63B and a P/E ratio of 31.06.
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