Analysts Offer Insights on Industrial Goods Companies: Boeing (BA) and Agco (AGCO)
TipRanks (Thu, 28-Mar 8:01 AM ET)
PRNewswire (Mon, 25-Mar 10:06 AM ET)
AGCO Names Nick Nelson 2023 NA Technician of the Year
PRNewswire (Wed, 20-Mar 1:15 PM ET)
AGCO to Present at the 2024 JP Morgan Industrials Conference
PRNewswire (Mon, 11-Mar 2:41 PM ET)
AGCO to Present at the 2024 Morgan Stanley Technology, Media & Telecom Conference
PRNewswire (Mon, 4-Mar 6:57 PM ET)
Business Wire (Wed, 21-Feb 9:30 AM ET)
AGCO to Present at the 2024 Barclays Industrial Select Conference
Business Wire (Tue, 20-Feb 3:22 PM ET)
Business Wire (Tue, 13-Feb 10:30 AM ET)
AGCO's Display at 2024 National Farm Machinery Show to Highlight New and Award-Winning Solutions
Business Wire (Thu, 8-Feb 8:35 AM ET)
AGCO to Exhibit New and Award-Winning Equipment at 2024 World Ag Expo
Business Wire (Wed, 7-Feb 8:35 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 March 28, 2024, AGCO stock price climbed to $123.02 with 390,504 million shares trading.
AGCO has a beta of 1.48, meaning it tends to be more sensitive to market movements. AGCO has a correlation of 0.33 to the broad based SPY ETF.
AGCO has a market cap of $9.18 billion. This is considered a Mid Cap stock.
Last quarter Agco reported $4 billion in Revenue and $3.78 earnings per share. This fell short of revenue expectation by $-229 million and missed earnings estimates by -$.24.
In the last 3 years, AGCO stock traded as high as $158.62 and as low as $88.55.
The top ETF exchange traded funds that AGCO belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.
AGCO has underperformed the market in the last year with a return of +0.5%, while the SPY ETF gained +33.6%. In the last 3 month period, AGCO fell short of the market, returning +0.8%, while SPY returned +10.1%. However, in the most recent 2 weeks AGCO has outperformed the stock market by returning +5.1%, while SPY returned +1.7%.
AGCO support price is $119.90 and resistance is $123.54 (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.