Morgan Stanley (NYSE:MS) analyst Courtney Yakavonis maintained a Hold rating on Agco (NYSE:AGCO) Corp. on Monday, setting a price target of $84, which is approximately 4.26% above the present share price of $80.57.
Yakavonis expects Agco Corp. to post earnings per share (EPS) of $0.93 for the fourth quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Agco, with an average price target of $77.5.
The analysts price targets range from a high of $98 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 $6.03 billion.
According to TipRanks.com, Morgan Stanley analyst Courtney Yakavonis is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.5% and a 29.23% 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.