Stifel Nicolaus analyst Stanley Elliott maintained a Buy rating on Agco (AGCO – Research Report) yesterday and set a price target of $160.00. The company’s shares closed yesterday at $118.05.
According to TipRanks, Elliott is a 5-star analyst with an average return of 13.7% and a 63.10% success rate. Elliott covers the Industrials sector, focusing on stocks such as Builders Firstsource, Timken Company, and UFP Industries.
In addition to Stifel Nicolaus, Agco also received a Buy from Robert W. Baird’s Mircea Dobre in a report issued on October 31. However, on the same day, Goldman Sachs maintained a Hold rating on Agco (NYSE: AGCO).
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Based on Agco’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.82 billion and a net profit of $319.2 million. In comparison, last year the company earned a revenue of $2.95 billion and had a net profit of $177.7 million
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Agco (AGCO) Company Description:
AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. Its products include tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. It operates through the following segments: North America; South America; Europe and Middle East; and Asia Pacific and Africa. The Asia/Pacific/Africa segment includes the regions of Australia and New Zealand. The company was founded by Robert J. Ratliff in 1990 and is headquartered in Duluth, GA.
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