Investment analysts at Credit Suisse (NYSE: CS) boosted their target price on shares of AGCO Corp. (NASDAQ: AGCO) to $57.00 in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock.
Shares of AGCO Corp. traded down 2.94% during mid-day trading on Thursday, hitting $46.24. AGCO Corp. has a one year low of $30.11 and a one year high of $56.50. The company has a market cap of $4.490 billion and a P/E ratio of 7.50.
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.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of AGCO Corp. from $59.00 to $64.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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.