At the time of writing, AGCO Corp. [AGCO] stock is trading at $109.70, up 0.18%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AGCO shares have gain 2.43% over the last week, with a monthly amount drifted -11.72%, and not seem to be holding up well over a long-time horizon.
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On 21, February 2024, AGCO’s Fendt®, Massey Ferguson®, Precision Planting® & GSI® Offer Expansive, Farmer-Focused Exhibit at 2024 Commodity Classic. In a post published today on Yahoo Finance, AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, will be among the headliners at the 2024 Commodity Classic, with an expansive exhibit featuring Farmer-Focused solutions and services from across its North American brands, including Fendt®, Massey Ferguson®, Precision Planting® and GSI®. With over 38,000 square feet of exhibit space, AGCO’s display will provide hands-on opportunities for farmers to experience many of its most innovative and award-winning equipment. Commodity Classic will be held February 28 – March 2 in Houston, Texas.
From an analyst’s perspective:
AGCO Corp. [NYSE: AGCO] stock has seen the most recent analyst activity on April 03, 2023, when Goldman downgraded its rating to a Neutral and also revised its price target to $135 from $149. Previously, Credit Suisse reaffirmed its Outperform rating on December 22, 2022, and elevated its price target to $174. On September 28, 2022, Robert W. Baird initiated with a Outperform rating and assigned a price target of $156 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $129 on June 23, 2022. Wells Fargo initiated its recommendation with a Overweight and recommended $175 as its price target on March 11, 2022. Bernstein downgraded its rating to Mkt Perform for this stock on December 22, 2021, and downed its price target to $127. In a note dated December 10, 2021, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $144 to $124.
For the past year, the stock price of AGCO Corp. fluctuated between $105.77 and $140.46. Currently, Wall Street analysts expect the stock to reach $153.3 within the next 12 months. AGCO Corp. [NYSE: AGCO] shares were valued at $109.70 at the most recent close of the market. An investor can expect a potential return of 39.74% based on the average AGCO price forecast.
Analyzing the AGCO fundamentals
According to AGCO Corp. [NYSE:AGCO], the company’s sales were 14.41B for trailing twelve months, which represents an -2.52% plunge. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.27 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 108.85 points at the first support level, and at 107.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 110.47, and for the 2nd resistance point, it is at 111.24.
AGCO Corp. [AGCO] reported earnings per share of $3.78 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.02/share, meaning a difference of -$0.24 and a surprise factor of -6.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.97 per share as compared to estimates of $3.3 per share, a difference of $0.67 representing a surprise of 20.30%.
Ratios To Look Out For
It is important to note that AGCO Corp. [NYSE:AGCO] has a current ratio of 1.46. As well, the Quick Ratio is 0.67, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 1.76 and price to earnings (TTM) ratio is 7.02.
