AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company provides compact tractors, utility tractors, and high horsepower tractors used in farms and in specialty agricultural industries, such as dairies, landscaping, residential areas, livestock, orchards, and vineyards. It also offers combines; self-propelled, three- and four-wheeled vehicles, and related equipment for use in the application of liquid and dry fertilizers, and crop protection chemicals; chemical sprayer equipment; and related equipment, including vehicles used for waste application that are specifically designed for subsurface liquid injection and surface spreading of biosolids, such as sewage sludge and other farm or industrial waste. AGCO Corporation’s hay and forage equipment includes round and rectangular balers, self-propelled windrowers, disc mowers, spreaders, and mower conditioners for harvesting and packaging vegetative feeds used in the beef cattle, dairy, and horse industries; a range of implements, planters, and other equipment; tractor-pulled implements; other implements comprising disc harrows, heavy tillage, field cultivators, tractor-pulled planters, corn headers, and front loaders; and diesel engines, gears, and generating sets. In addition, it offers precision farming technologies that enable farmers to gather information, such as yield data by utilizing satellite global positioning systems. The company, through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., also provides retail financing. It sells its products under various brand names, including: AGCO, Challenger, Fendt, Gleaner, Hesston, Massey Ferguson, RoGator, Spra-Coupe, Sunflower, Terra-Gator, Valtra, and Whitetm Planters. The company distributes its products through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.
Analysts'
Recommendation: | Hold |
| 30 Days Ago: | Hold |
|
| Analysts' Target: | $62 |
| Analysts' Targets |
| UBS Securities | $54 |
| Reduce |
Wednesday, July 30, 2008
|
| Credit Suisse | $72 |
| Reduce |
Tuesday, May 27, 2008
|
| Dougherty & Co. | $59 |
| Hold |
Tuesday, March 25, 2008
|
$57.37 (08/07/08)
