Agco (AGCO) Gets a Buy from Truist Financial
TipRanks (Fri, 26-Jul 7:39 AM ET)
AGCO Sells Grain & Protein Business for $700 Million
TipRanks (Thu, 25-Jul 5:50 PM ET)
AGCO’s Strategic Divestiture and Growth Prospects Justify Buy Rating
TipRanks (Thu, 25-Jul 12:45 PM ET)
AMERICAN INDUSTRIAL PARTNERS TO ACQUIRE AGCO'S GRAIN & PROTEIN BUSINESS
PRNewswire (Thu, 25-Jul 10:36 AM ET)
AGCO to sell majority of its Grain & Protein business in $700M deal
Seeking Alpha News (Thu, 25-Jul 9:14 AM ET)
AGCO Announces Definitive Agreement to Sell its Grain & Protein Business
PRNewswire (Thu, 25-Jul 9:00 AM ET)
AGCO ANNOUNCES QUARTERLY DIVIDEND
PRNewswire (Thu, 11-Jul 12:00 PM ET)
AGCO ANNOUNCES SECOND-QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL
PRNewswire (Wed, 10-Jul 3:06 PM ET)
AGCO Announces Transformation of Ohio Dealership Network
PRNewswire (Tue, 2-Jul 1:30 PM ET)
PRNewswire (Fri, 21-Jun 8:00 AM ET)
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 about 3,100 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 July 26, 2024, AGCO stock price climbed to $103.52 with 529,240 million shares trading.
AGCO has a beta of 0.90, meaning it tends to be less sensitive to market movements. AGCO has a correlation of 0.18 to the broad based SPY ETF.
AGCO has a market cap of $7.72 billion. This is considered a Mid Cap stock.
Last quarter Agco reported $3 billion in Revenue and $2.32 earnings per share. This fell short of revenue expectation by $-71 million and exceeded earnings estimates by $.07.
In the last 3 years, AGCO stock traded as high as $150.28 and as low as $88.55.
The top ETF exchange traded funds that AGCO belongs to (by Net Assets): VTI, IJH, COWZ, VB, VBR.
AGCO has underperformed the market in the last year with a return of -23.1%, while the SPY ETF gained +21.0%. In the last 3 month period, AGCO fell short of the market, returning -9.7%, while SPY returned +8.5%. However, in the most recent 2 weeks AGCO has outperformed the stock market by returning +6.5%, while SPY returned -2.2%.
AGCO support price is $99.93 and resistance is $103.75 (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.