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 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 April 19, 2024, AGCO stock price climbed to $118.48 with 339,841 million shares trading.

AGCO has a beta of 1.30, 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 $8.84 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): VTI, IJH, VB, VBR, VXF.

AGCO has underperformed the market in the last year with a return of -2.8%, while the SPY ETF gained +21.0%. In the last 3 month period, AGCO fell short of the market, returning +2.5%, while SPY returned +4.1%. However, in the most recent 2 weeks AGCO has outperformed the stock market by returning -2.9%, while SPY returned -3.6%.

AGCO support price is $114.53 and resistance is $118.93 (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.