AGCO Corporation (AGCO) in Focus: Stock Jumps 9.5% - Tale of the Tape
AGCO Corporation (AGCO) was a big mover last session, as the company saw its shares rise over 9% on the day. The upside came after the company posted its fourth-quarter results, wherein earnings and revenues both came ahead of estimates. This led to far more shares changing hands than in a normal session resulting in solid volume. This also reverses the recent trend of the company, as the stock is now trading above the volatile price range of $42.72 to $44.71 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of three increase and two decrease over the past 60 days, while the Zacks Consensus Estimate hasn’t been in trend/remained unchanged over the same time frame.
AGCO Corporation currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is Briggs & Stratton Corporation (BGG), sporting a Zacks Rank #1 (Strong Buy).
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AGCO CORP (AGCO): Free Stock Analysis Report
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