Analyst Maintains Hold on AGCO as Regional Weakness, Soft Ag Cycle Offset Buyback and EPS Outlook Boost

BMO Capital analyst Joel Jackson has maintained their neutral stance on AGCO stock, giving a Hold rating today.

Joel Jackson has given his Hold rating due to a combination of factors, including a mixed operating outlook across regions and only modest upside to earnings. While Europe remains a bright spot with solid profitability and growth, the Americas, particularly North America and Latin America, are still posting negative margins, and Latin America has deteriorated further amid credit constraints and lower production plans.

Jackson also notes that elevated dealer inventories and continued weak farmer sentiment, alongside geopolitical and tariff risks, could extend the current softness in the agricultural equipment cycle. Although AGCO delivered a Q1 earnings beat, raised its 2026 EPS outlook slightly, and announced a sizable buyback, these positives are balanced by softer Q2 guidance, incremental tariff costs, logistics headwinds, and a still-challenging demand backdrop, leading him to maintain a neutral stance.

Jackson covers the Basic Materials sector, focusing on stocks such as Methanex, Chemtrade Logistics, and Icl. According to TipRanks, Jackson has an average return of 15.4% and a 60.90% success rate on recommended stocks.

In another report released today, Bank of America Securities also maintained a Hold rating on the stock with a $130.00 price target.