AGCO - AGCO Corporation

NYSE - NYSE Delayed Price. Currency in USD
54.36
+0.94 (+1.76%)
At close: 4:00PM EDT
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Momentum

Momentum

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close53.42
Open54.11
Bid40.19 x 800
Ask54.18 x 800
Day's Range53.12 - 54.42
52 Week Range35.33 - 81.39
Volume466,441
Avg. Volume563,469
Market Cap4.07B
Beta (5Y Monthly)1.15
PE Ratio (TTM)33.33
EPS (TTM)1.63
Earnings DateJul 30, 2020
Forward Dividend & Yield0.64 (1.20%)
Ex-Dividend DateAug 13, 2020
1y Target Est59.21
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
16% Est. Return
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  • AGCO Announces Quarterly Dividend
    Business Wire

    AGCO Announces Quarterly Dividend

    AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, announced that its Board of Directors declared a regular quarterly dividend of $0.16 per common share to be paid on September 15, 2020 to all stockholders of record as of the close of business August 14, 2020.

  • AGCO Announces 2020 Second Quarter Earnings Release and Conference Call
    Business Wire

    AGCO Announces 2020 Second Quarter Earnings Release and Conference Call

    AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today its 2020 Second Quarter Earnings Release Conference Call is scheduled for Thursday, July 30th at 10:00 a.m. ET. The Company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO’s website at www.agcocorp.com under the "Investors" Section.

  • Hedge Funds Are Dumping AGCO Corporation (AGCO)
    Insider Monkey

    Hedge Funds Are Dumping AGCO Corporation (AGCO)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

  • Thomson Reuters StreetEvents

    Edited Transcript of AGCO earnings conference call or presentation 5-May-20 2:00pm GMT

    Q1 2020 AGCO Corp Earnings Call

  • Agco (AGCO) Up 22.6% Since Last Earnings Report: Can It Continue?
    Zacks

    Agco (AGCO) Up 22.6% Since Last Earnings Report: Can It Continue?

    Agco (AGCO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • AGCO to Present at Stifel’s 2020 Cross Sector Insight Conference
    Business Wire

    AGCO to Present at Stifel’s 2020 Cross Sector Insight Conference

    AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, announced today that it will participate in the Stifel 2020 Cross Sector Insight Conference on Monday, June 8, 2020. The conference will include a presentation by Andy Beck, AGCO's Senior Vice President and Chief Financial Officer at 10:00 a.m. E.T. Investors may listen to a live webcast of the presentation by accessing the webcast button in the "Investors" section of the Company’s website at http://www.agcocorp.com/company/investors.aspx. The webcast will also be archived immediately afterwards.

  • AGCO Corp Rides on Investments & Farm Income Amid Weak Demand
    Zacks

    AGCO Corp Rides on Investments & Farm Income Amid Weak Demand

    Rising U.S farm income will drive demand for AGCO Corp's (AGCO) agricultural equipment, while a bleak market outlook and weak demand are deterrents.

  • AGCO Agriculture Foundation Launches COVID-19 Aid Program with $100,000 Donation to the World Food Program USA
    Business Wire

    AGCO Agriculture Foundation Launches COVID-19 Aid Program with $100,000 Donation to the World Food Program USA

    AGCO Agriculture Foundation announces $100,000 grant to the World Food Program USA for COVID-19 aid in Africa and Latin America.

  • AGCO Corp's (AGCO) Earnings & Revenues Trump Estimates in Q1
    Zacks

    AGCO Corp's (AGCO) Earnings & Revenues Trump Estimates in Q1

    AGCO Corp (AGCO) has withdrawn its financial guidance for the current year on account of the uncertainty related to the coronavirus outbreak.

  • AGCO Recasts Vision to Underscore Its Commitment to Providing Sustainable High-Tech Solutions
    Business Wire

    AGCO Recasts Vision to Underscore Its Commitment to Providing Sustainable High-Tech Solutions

    AGCO relaunches our corporate vision to highlight our commitment to providing sustainable high-tech solutions for farmers feeding the world.

  • AGCO Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
    Simply Wall St.

    AGCO Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

    AGCO Corporation (NYSE:AGCO) investors will be delighted, with the company turning in some strong numbers with its...

  • AGCO Corp (AGCO) Q1 2020 Earnings Call Transcript
    Motley Fool

    AGCO Corp (AGCO) Q1 2020 Earnings Call Transcript

    On the call with me this morning are Martin Richenhagen, our Chairman, President and Chief Executive Officer; Eric Hansotia, our Chief Operating Officer; and Andy Beck, our Chief Financial Officer. Thank you very much, Greg, and good morning, everybody.

  • Agco (AGCO) Beats Q1 Earnings and Revenue Estimates
    Zacks

    Agco (AGCO) Beats Q1 Earnings and Revenue Estimates

    Agco (AGCO) delivered earnings and revenue surprises of 186.67% and 9.09%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • AGCO Reports First Quarter Results
    Business Wire

    AGCO Reports First Quarter Results

    AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, reported its results for the first quarter ended March 31, 2020. "AGCO delivered solid results for the first quarter under challenging conditions," stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. "AGCO’s current priorities are the safety of our employees and serving the world’s farmers as we do our part to minimize the impact of the COVID-19 pandemic on the world’s food supply. We are facing a very dynamic environment requiring rigorous and coordinated business planning to manage our manufacturing, supply chain and aftermarket operations, to effectively serve our dealers and end-customers as well as to maintain a productive workforce. In addition to restarting factories and ramping up production, we remain focused on maintaining parts and service support for our dealers and our customers. It is rewarding to see our employees rise to the challenge to find innovative solutions to keep our business running effectively and support farmers as they continue their important work."

  • AGCO Appoints Wolfgang Kirsch to its Board of Directors
    Business Wire

    AGCO Appoints Wolfgang Kirsch to its Board of Directors

    AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, today announced it has appointed Wolfgang Kirsch, retired Chief Executive Officer of DZ BANK AG, to its Board of Directors effective immediately. Mr. Kirsch will serve on the Audit and Finance committees.

  • Volatility 101: Should AGCO (NYSE:AGCO) Shares Have Dropped 31%?
    Simply Wall St.

    Volatility 101: Should AGCO (NYSE:AGCO) Shares Have Dropped 31%?

    AGCO Corporation (NYSE:AGCO) shareholders should be happy to see the share price up 13% in the last month. But in...

  • AGCO Announces 2020 First Quarter Earnings Release and Conference Call
    Business Wire

    AGCO Announces 2020 First Quarter Earnings Release and Conference Call

    AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today its 2020 First Quarter Earnings Release Conference Call is scheduled for Tuesday, May 5th at 10:00 a.m. ET. The Company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO’s website at www.agcocorp.com under the "Investors" Section.

  • How Does AGCO's (NYSE:AGCO) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does AGCO's (NYSE:AGCO) P/E Compare To Its Industry, After The Share Price Drop?

    To the annoyance of some shareholders, AGCO (NYSE:AGCO) shares are down a considerable 31% in the last month. Indeed...

  • AGCO Could Use a Longer Period of Rebuilding
    TheStreet.com

    AGCO Could Use a Longer Period of Rebuilding

    For another of his "Executive Decision" segments during Tuesday's Mad Money program, Jim Cramer spoke with Martin Richenhagen, chairman and CEO of agriculture equipment maker AGCO Corp. . Richenhagen admitted that these are tough times for everyone, but noted that all of AGCO's U.S.-based factories are operating at capacity. Richenhagen was bullish on the prospects of the U.S. stimulus package providing relief for farmers and he said the secular trend towards plant-based proteins and other plant-based products bodes well for farmers and in turn for AGCO.

  • A Trio of Low Price-Book Ratio Stocks for the Value Investor
    GuruFocus.com

    A Trio of Low Price-Book Ratio Stocks for the Value Investor

    Their price-book ratio stands below 1.5 and market cap exceeds $2 billion Continue reading...

  • Do Hedge Funds Really Think AGCO Corporation (AGCO) Is A Good Stock To Buy?
    Insider Monkey

    Do Hedge Funds Really Think AGCO Corporation (AGCO) Is A Good Stock To Buy?

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • AGCO Provides Update on Impact of COVID-19
    Business Wire

    AGCO Provides Update on Impact of COVID-19

    AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, provided the following information about the impacts of the COVID-19 virus on the Company.

  • What Is AGCO's (NYSE:AGCO) P/E Ratio After Its Share Price Tanked?
    Simply Wall St.

    What Is AGCO's (NYSE:AGCO) P/E Ratio After Its Share Price Tanked?

    Unfortunately for some shareholders, the AGCO (NYSE:AGCO) share price has dived 32% in the last thirty days. That drop...

  • A Closer Look At AGCO Corporation's (NYSE:AGCO) Uninspiring ROE
    Simply Wall St.

    A Closer Look At AGCO Corporation's (NYSE:AGCO) Uninspiring ROE

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Goldman Sachs: 2 Industrial Stocks to Snap Up, 1 to Avoid
    TipRanks

    Goldman Sachs: 2 Industrial Stocks to Snap Up, 1 to Avoid

    The overall news regarding the US economy has been good, there’s no doubt about that. Annualized growth was 2.3% in 2019, which was nothing to write home about but still indicative of expansion. The January 2020 jobs report showed an expanding labor market as more job hunters looked for work, along with upwards revisions to the December and November numbers.However, buried in all of the data, there were some warning signs related to manufacturing. PMI, the purchasing managers index, used as an indicator for future manufacturing growth, was down for the third month in a row, although the 51.9 reading beat the 51.7 expectation. It also doesn’t help that industrial output is down year-over-year.President Trump’s ‘trade war’ policy towards China gets much of the blame for the downward trend in industry. The US and Chinese economies, the world’s first and second largest, are interconnected in a complex web of imports, exports, and reimports, as companies manufacture parts, ship them, put them together into final products, and export those for sale. The Phase 1 agreement between the two governments, promising relief from trade dispute and tariff pressures, gave hope for an industrial and manufacturing recovery. The coronavirus outbreak in China, however, with its quarantines and travel disruptions, is threatening to set back this major sector.Goldman Sachs analyst Jerry Revich, in a major report on industrial stocks, sees potential for a general sector turnaround. He argues leading indicators for US machinery production are rising, along with increases in construction equipment inventories. Making use of the TipRanks database and Stock Comparison tool, we have taken a closer look at three of Revich’s more interesting industrial stock picks.Caterpillar, Inc. (CAT)Caterpillar, long a staple of the Dow Jones index, is known worldwide by its famous yellow logo, and the name ‘Cat’ is instantly recognizable in construction industry. The company manufactures heavy excavation and construction equipment, from bulldozers to excavators and everything in between, and its vehicles are found around the world. The general slowdown in 2H18 was hard on the company, and CAT stock had difficulty regaining traction through most of a volatile 2019. But in Q4, the shares began to gain again.The company reported mixed results in Q4. EPS was $2.63 for the fourth quarter, beating the forecast by 11%, and more importantly, gaining 3% year-over-year. This compares especially well to the Q3 results, which missed expectations by almost 6%. The gains in earnings came even as revenue missed the estimates. Furthermore, CAT has a long history – over 15 years – of maintaining and growing its dividend payment. The current payment, $1.03 per quarter, annualizes to $4.12 and gives a yield of 2.99%. For context, dividend yields average about 2% on the S&P 500, so CAT’s is 50% higher – and it is almost double the yield of US Treasury bonds. With a payout ratio of only 39%, this dividend is secure for the foreseeable future.Back in August, Goldman Sachs' Revich set a Hold on CAT stock. He has since changed his tune, and upgraded this stock from Neutral to Buy. Revich, says, backing his new rating, “We see a combination of (i) tightening US construction equipment capacity utilization, (ii) dealer inventories and backlog approaching trough levels, and (iii) margin tailwinds in 2021 from reduced restructuring and inventory destock.”In line with his Buy rating, Revich put a $168 price target on CAT, implying a 12-month upside of 23%. (To watch Revich’s track record, click here)Like many industrial stocks, CAT has mixed reviews from Wall Street’s analysts. With 6 Buys, 5 Holds, and 1 Sell, CAT shares get a Moderate Buy from the analyst consensus. The stock is currently trading for $137, and the $155.09 average price target suggests room for 13.55% upside growth. (See Caterpillar stock analysis on TipRanks)Cummins, Inc. (CMI)While not a household name, Cummins is a major supplier in heavy industry. The company specializes in engines and ancillary components for heavy vehicles. Its products are split into several categories, including – among others – engines, power systems, filtrations systems (for engine components), and emission solutions.Cummins’ earnings declined through 2019, but Q4 showed an important gain – it beat the both earnings and revenues estimate by wide margins. Top line revenues came in at $5.58 billion, 4.5% over the forecast. While down year-over-year, the revenues supported EPS of $2.56, 5.8% better than expected. In the days since the Q4 release, CMI shares have gained 3.5%.Like CAT above, CMI slipped in 2H18, and was volatile in 2019. The stock is up 12.5% in the last 12 months, however, in a general indication of investor confidence. That confidence is smoothed along by the CMI dividend, which is even stronger than CAT’s. CMI pays out $5.24 annually, or $1.31 per quarter; the 51% payout ratio indicates a sustainable commitment to sharing profits with stakeholders. The yield, at 3.14%, is double that of Treasury bonds and well above the average in the broader markets. CMI has raised the payment 3 times in the last three years.This stock is Revich’s second major industrial upgrade. He has bumped the rating up from Neutral to Buy, and set a $200 price target, suggesting a robust upside of 20%.Defending his decision to upgrade Cummins, Revich points out favorable trends in the trucking industry, which in his view outweigh risks from exposure to Asian markets: “We believe i) US truck leading indicators have inflected, ii) estimates have been de-risked following 2020 guidance that embeds a 40% US Truck production cut, and iii) sentiment on vertical integration risk has turned overly negative, in our view.”CMI’s analyst reviews show another deep split, this one with 4 Buys versus 8 Holds. The aggregate is a Moderate Buy consensus rating. The average price target of $187 indicates a 13% upside from the share price of $166. (See Cummins stock analysis at TipRanks)AGCO Corporation (AGCO)The third stock on our list, AGCO, is the one that Goldman Sachs says to avoid. AGCO is a major manufacturer of agricultural equipment, and owns several well-known brands in the segment: Challenger, Massey Ferguson, and Fend, among others. The company’s products include a wide range of tractors, combines, hay tools, and sprayers, and are mainly marketed to large-scale farms. AGCO has a $5 billion market cap and a worldwide customer base.It also has seen earnings slip badly in 2H19. While the first half of last year saw quarterly reports rise sequentially and beat the estimates, the second half saw an opposite trend. Q4 was particularly bad in that respect, with the 94-cent EPS missing estimates by 39%. Revenue dropped sequentially from $2.59 billion to $2.51 billion, a 3% fall, and missed the quarterly forecast by 5.6%. Shares are down 8.6% since the earnings release.With earnings falling, investor would normally look to the dividend for relief, but AGCO gives minimal relief there. The dividend, at just 64 cents annually, yields only 0.96%, less than half the average among S&P listed companies. Even Treasury bonds, at near-historic lows of just 1.5%, are offer a better yield at present than AGCO shares.Revich, writing for Goldman on this stock, does not pull punches. He describes this company’s path forward as “unclear,” and downgrades the shares from Buy to Neutral. His 12-month price target of $70 implies a minimal upside of 4.8%.In his comments on the stock, Revich highlights the risks that AGCO faces in the South American markets. He writes, “[O]ur belief that ag equipment share of farmer capex is still in the process of bottoming, coupled with the increasingly tightening levels of used ag equipment inventory, makes us view the ag end-market as well positioned for growth in the coming quarters. However, on a micro level, we no longer feel comfortable underwriting a margin recovery in South America where AGCO continues to face further risk of share loss.” (To watch Revich’s track record, click here)Overall, AGCO is another Moderate Buy on the analyst consensus. The stock has 5 Buys, 6 Holds, and 1 Sell set in recent weeks. Shares are selling for $66.76, and the average target, $79.50, remains more bullish than Revich’s, suggesting a 19% upside. (See AGCO’s stock analysis at TipRanks)