AGCO Stock Summary and Trading Ideas (Agco | NYSE:AGCO)

Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.

Agco trades on the NYSE stock market under the symbol AGCO.

As of March 31, 2023, AGCO stock price climbed to $135.26 with 408,066 million shares trading.

AGCO has a beta of 1.19, meaning it tends to be more sensitive to market movements. AGCO has a correlation of 0.42 to the broad based SPY ETF.

AGCO has a market cap of $10.12 billion. This is considered a Large Cap stock.

Last quarter Agco reported $4 billion in Revenue and $4.47 earnings per share. This beat revenue expectation by $149 million and exceeded earnings estimates by $.57.

In the last 3 years, AGCO stock traded as high as $158.62 and as low as $42.84.

The top ETF exchange traded funds that AGCO belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

AGCO has outperformed the market in the last year with a price return of -3.0% while the SPY ETF lost -9.4%. However, in the short term, AGCO had mixed performance relative to the market. It has underperformed in the last 3 months, returning -2.3% vs +7.4% return in SPY. But in the last 2 weeks, AGCO shares have fared better than the market returning +10.7% compared to SPY +4.0%.

AGCO support price is $129.78 and resistance is $136.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGCO stock will trade within this expected range on the day.