AGCO Corp. [AGCO] stock prices are up 1.88% to $113.02 at the moment. 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 3.03% over the last week, with a monthly amount drifted -7.50%, and not seem to be holding up well over a long-time horizon.
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On 4, March 2024, AGCO to Present at the 2024 Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, AGCO, Your Agriculture Company (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today that it will participate in the 2024 Morgan Stanley Technology, Media & Telecom Conference on Thursday, March 7, 2024. The conference will include a fireside chat with Andrew Sunderman, AGCO/Trimble Ag Joint Venture Transition Lead, at 11:10 a.m. Pacific Time. Investors may listen to a live webcast of the presentation by accessing the “Events” section of the company’s Investor Relations website at https://investors.agcocorp.com/events-and-presentations/upcoming-events. The webcast will also be archived immediately afterwards for 12 months.
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.
The stock price of AGCO Corp. [AGCO] has been fluctuating between $105.77 and $140.46 over the past year. Currently, Wall Street analysts expect the stock to reach $153.3 within the next 12 months. AGCO Corp. [NYSE: AGCO] shares were valued at $113.02 at the most recent close of the market. An investor can expect a potential return of 35.64% based on the average AGCO price forecast.
Analyzing the AGCO fundamentals
The AGCO Corp. [NYSE:AGCO] reported sales of 14.41B for trailing twelve months, representing a drop of -2.52%. 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 111.13 points at the first support level, and at 109.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 114.50, and for the 2nd resistance point, it is at 115.98.
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’s worth pointing out that AGCO Corp. [NYSE:AGCO]’s Current Ratio is 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 0.59, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 7.23.
