Investment analysts at Barclays Capital (NYSE: BCS) increased their target price on shares of AGCO Corp. (NASDAQ: AGCO) from $59.00 to $64.00 in a note issued to investors on Wednesday. The firm currently has an “equal weight” rating on the stock.
Shares of AGCO Corp. opened at 49.04 on Wednesday. AGCO Corp. has a 52 week low of $30.11 and a 52 week high of $56.50. The company has a market cap of $4.767 billion and a P/E ratio of 8.24.
The company last announced its quarterly results on Tuesday, May 1st. It reported $1.21 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.86 EPS by $0.35. The company’s quarterly revenue was up 26.5% on a year-over-year basis. On average, analysts predict that AGCO Corp. will post $1.07 earnings per share next quarter.
A number of other analysts have also recently weighed in on AGCO. Analysts at Morgan Stanley (NYSE: MS) reiterated an “underweight” rating on shares of AGCO Corp. in a research note to investors on Tuesday, February 7th. Analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of AGCO Corp. in a research note to investors on Monday, February 6th.
AGCO Corporation (AGCO) is a manufacturer and distributor of agricultural equipment and related replacement parts worldwide.