AGCO Corp. Shares Rise Above Analyst Target Price of $101.58
Recently, shares of AGCO Corp. (Symbol: AGCO) have surpassed the average analyst 12-month target price of $101.58, trading at $105.44 per share. When a stock hits an analyst’s target, there are typically two responses: a downgrade due to valuation, or an increase in the target price. Analysts’ reactions may also hinge on the underlying business developments that could be driving the stock price higher, leading to potential adjustments in future target prices.
Analyst Target Range and Insights
Multiple analysts contribute to the average target for AGCO Corp., with 13 analysts within the Zacks coverage universe. While the average stands at $101.58, individual predictions vary significantly. Some analysts are cautious, with one setting a price target as low as $75.00, while another foresees a price as high as $112.00. The standard deviation among these targets is $10.95.
Examining the average AGCO price target aims to leverage a “wisdom of crowds” approach. This figure reflects the collective insights of several analysts rather than relying on a single expert’s forecast. As AGCO’s stock price exceeds the average target, investors may find it beneficial to reassess the company’s prospects. They must consider whether $101.58 is merely a stepping stone towards higher prices or if the valuation has indeed become stretched, prompting a reevaluation of their holdings.
Current Analyst Ratings for AGCO Corp.
| Recent AGCO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 5 | 4 | 5 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 8 | 9 | 10 | 9 |
| Sell ratings: | 1 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.34 | 2.29 | 2.43 | 2.29 |
The average rating of 2.34, as seen in the table, utilizes a scale where 1 indicates a Strong Buy and 5 signifies a Strong Sell. This article draws on data provided by Zacks Investment Research via Quandl.com.
The views and opinions expressed herein are those of the author and may not reflect those of Nasdaq, Inc.
