6-Sep-2024
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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 to Present at the 12th Annual Morgan Stanley Laguna Conference
PRNewswire (Mon, 26-Aug 12:00 PM ET)
MASSEY FERGUSON 9S SERIES TRACTOR BRINGS EFFICIENCY AND DEPENDABILITY TO YOUR FARM
PRNewswire (Mon, 26-Aug 8:35 AM ET)
AGCO to Launch New Products and Display Farmer-Focused Solutions at 2024 Farm Progress Show
PRNewswire (Fri, 23-Aug 1:51 PM ET)
AGCO to Present at Citi's 2024 Global TMT Conference
PRNewswire (Fri, 23-Aug 12:00 PM ET)
AGCO Hosts AEM's 'Manufacturing Express' with Georgia Governor Brian Kemp
PRNewswire (Fri, 23-Aug 8:53 AM ET)
Gleaner Launches Best Value and Quality Machine With the Gleaner T Series Combine
Globe Newswire (Thu, 22-Aug 12:11 PM ET)
AGCO to Present at the 2024 Jefferies Industrials Conference
PRNewswire (Thu, 22-Aug 12:00 PM ET)
AGCO Responds to TAFE's Amended 13D Filing
PRNewswire (Wed, 7-Aug 9:49 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 September 6, 2024, AGCO stock price declined to $87.56 with 740,508 million shares trading.
AGCO has a beta of 0.98, meaning it tends to be less sensitive to market movements. AGCO has a correlation of 0.20 to the broad based SPY ETF.
AGCO has a market cap of $6.53 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 stock 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): VTI, IJH, VB, COWZ, VBR.
AGCO has underperformed the market in the last year with a return of -29.2%, while the SPY ETF gained +22.6%. In the last 3 month period, AGCO fell short of the market, returning -15.2%, while SPY returned +1.4%. However, in the most recent 2 weeks AGCO has outperformed the stock market by returning -3.8%, while SPY returned -3.9%.
AGCO support price is $87.36 and resistance is $90.30 (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.