U.S. Markets open in 1 min
  • S&P Futures

    3,425.75
    -6.75 (-0.20%)
     
  • Dow Futures

    28,086.00
    -48.00 (-0.17%)
     
  • Nasdaq Futures

    11,671.00
    -20.25 (-0.17%)
     
  • Russell 2000 Futures

    1,607.60
    +4.50 (+0.28%)
     
  • Crude Oil

    40.33
    +0.30 (+0.75%)
     
  • Gold

    1,908.10
    -21.40 (-1.11%)
     
  • Silver

    24.83
    -0.41 (-1.63%)
     
  • EUR/USD

    1.1839
    -0.0028 (-0.2368%)
     
  • 10-Yr Bond

    0.8210
    +0.0050 (+0.61%)
     
  • Vix

    29.13
    -0.22 (-0.75%)
     
  • GBP/USD

    1.3119
    -0.0025 (-0.1876%)
     
  • USD/JPY

    104.5700
    +0.0100 (+0.0096%)
     
  • BTC-USD

    12,947.97
    +1,890.96 (+17.10%)
     
  • CMC Crypto 200

    261.10
    +16.21 (+6.62%)
     
  • FTSE 100

    5,764.17
    -12.33 (-0.21%)
     
  • Nikkei 225

    23,474.27
    -92.73 (-0.39%)
     

AGCO: Strong Industry, Solid Earnings Estimate Revisions

Zacks Equity Research
·2 mins read

One stock that might be an intriguing choice for investors right now is AGCO Corporation AGCO. This is because this security in the Manufacturing - Farm Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufacturing - Farm Equipment space as it currently has a Zacks Industry Rank of 25 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, AGCO is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the recent past, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

 

AGCO Corporation Price and Consensus

AGCO Corporation Price and Consensus
AGCO Corporation Price and Consensus

AGCO Corporation price-consensus-chart | AGCO Corporation Quote

 

In fact, over the past two months, current quarter estimates have risen from 47 cents per share to $1.02 per share, while current year estimates have risen from $2.28 per share to $3.90 per share. This has helped AGCO to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider AGCO. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Zacks’ Single Best Pick to Double

From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.

The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.

Click Here, See It Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
AGCO Corporation (AGCO) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research