Jefferies (NYSE:JEF) analyst Stephen Volkmann maintained a Buy rating on Agco (NYSE:AGCO) on Tuesday, setting a price target of $180, which is approximately 43.35% above the present share price of $125.57.
Volkmann expects Agco to post earnings per share (EPS) of $2.41 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Agco, with an average price target of $154.11.
The analysts price targets range from a high of $180 to a low of $135.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $2.73 billion and a net profit of $253.7 million. The company's market cap is $9.4 billion.
According to TipRanks.com, Jefferies analyst Stephen Volkmann is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.3% and a 74.92% success rate.
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.