Jefferies (NYSE:JEF) analyst Stephen Volkmann maintained a Buy rating on Agco (NYSE:AGCO) Corp. on Friday, setting a price target of $85, which is approximately 18.30% above the present share price of $71.85.
Volkmann expects Agco Corp. to post earnings per share (EPS) of $0.93 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Agco, with an average price target of $72.91.
The analysts price targets range from a high of $88 to a low of $58.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $2.01 billion and a net profit of $122.5 million. The company's market cap is $5.38 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 18.9% and a 72.84% 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.