17-Oct-2024
TipRanks (Tue, 15-Oct 8:20 AM ET)
AGCO ANNOUNCES THIRD-QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL
PRNewswire (Mon, 14-Oct 9:00 AM ET)
AGCO Launches Employee Relief Fund to Support its Global Team in Times of Crisis
PRNewswire (Thu, 3-Oct 8:04 AM ET)
AGCO Agriculture Foundation Launches Call for Applications for Grant Cycle
PRNewswire (Tue, 1-Oct 1:34 PM ET)
Business Wire (Tue, 1-Oct 9:15 AM ET)
AGCO Comments on Letter From TAFE
PRNewswire (Mon, 30-Sep 2:21 PM ET)
Business Wire (Mon, 30-Sep 8:00 AM ET)
Business Wire (Tue, 17-Sep 8:00 AM ET)
AGCO Brings Fendt 600 Vario Tractor to North America
PRNewswire (Tue, 27-Aug 8:30 AM ET)
Massey Ferguson 9S Series Tractor Brings Efficiency and Dependability to Your Farm
Globe Newswire (Mon, 26-Aug 3:59 PM 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 October 17, 2024, AGCO stock price climbed to $100.87 with 646,711 million shares trading.
AGCO has a beta of 0.85, meaning it tends to be less sensitive to market movements. AGCO has a correlation of 0.17 to the broad based SPY ETF.
AGCO has a market cap of $7.53 billion. This is considered a Mid Cap stock.
Last quarter Agco reported $3 billion in Revenue and $2.53 earnings per share. This fell short of revenue expectation by $-273 million and missed earnings estimates by -$.41.
In the last 3 years, AGCO traded as high as $150.28 and as low as $84.35.
The top ETF exchange traded funds that AGCO belongs to (by Net Assets): COWZ, VTI, IJH, VB, VBR.
AGCO has underperformed the market in the last year with a return of -12.6%, while the SPY ETF gained +35.2%. In the last 3 month period, AGCO fell short of the market, returning -0.1%, while SPY returned +3.4%. However, in the most recent 2 weeks AGCO has outperformed the stock market by returning +2.8%, while SPY returned +2.4%.
AGCO support price is $98.53 and resistance is $101.63 (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 shares will trade within this expected range on the day.