|Bid||0.00 x 800|
|Ask||68.84 x 800|
|Day's Range||67.06 - 69.61|
|52 Week Range||49.50 - 75.56|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||16.31|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||0.64 (0.90%)|
|1y Target Est||73.53|
Stocks have taken a beating in the past two weeks thanks to a rise in international trade tensions between the U.S. and China. JPMorgan analyst Ann Duignan has downgraded Deere & Company (NYSE: DE) from Neutral to Underweight and lowered her price target from $154 to $132.
Shares of Deere & Co. fell 1.2% in premarket trade Tuesday, after J.P. Morgan turned bearish on the agriculture, construction and turf care equipment maker citing the "rapidly deteriorating fundamentals" in the U.S. agriculture industry. Analyst Ann Duignan cut her rating back to underweight, after being at neutral since June 2017, while lowering her price target to $132 from $154. Duignan said the U.S. farming industry is being hit with a "perfect storm," as tariffs have weighed on U.S. soybean exports, import demand from China has fallen as it deal with reduced hog herd as a result of an African swine fever outbreak, near-record soybean and corn production in Brazil and Argentina, strength in the U.S. dollar that has made U.S. exports more expensive and potential yield losses as the U.S. Midwest got off to a "very slow start." Separately, Duignan upgraded Agco Corp. to overweight from neutral, as the company's limited exposure to the U.S. row crop sector suggests the recent selloff in the stock is overdone. Agco's stock was still inactive in the premarket. Deere's stock has tumbled 11.7% so far this month through Monday and Agco shares have slipped 0.4%, while the SPDR Industrial Select Sector ETF has given up 5.0% and the S&P 500 has lost 4.6%.
Shares of Deere & Company (DE) have fallen over 12% since May 5 on the back of renewed U.S./China trade war worries. DE stock then tumbled over 6% on Monday. So let's see what to do with DE stock before it reports its Q2 fiscal 2019 earnings on Friday.
Agco (AGCO) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
AGCO Corp NYSE:AGCOView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for AGCO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.23 billion over the last one-month into ETFs that hold AGCO are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! AGCO Corporation (NYSE:AGCO), which is in the machinery business, and is bas...
Agco (AGCO) delivered earnings and revenue surprises of 104.76% and 1.32%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Duluth, Georgia-based company said it had net income of 84 cents per share. Earnings, adjusted for restructuring costs, were 86 cents per share. The results beat Wall Street expectations. The average ...
Uncertainty surrounding Brazil's new farm credit package is worrying executives from the world's largest agricultural machine makers since a delay on the definition of the program could hurt their sales. Despite a relatively positive outlook for the Brazilian agricultural sector--as the country harvests its second largest soybean crop and a record corn crop--directors for John Deere , Case IH and AGCO Corp are anxious about new financing rules as Brazil's new administration vows to cut public funding to the private sector. Brazil's government has for years subsidized interest rates on loans for farmers, due to a history of high interests in the country.
Shuffling across his frozen fields, farmer Jim Taphorn hunched his shoulders against the wind and squinted at the auctioneer standing next to his tractors. After a fifth harvest with low grain prices, made worse last fall by the U.S.-China trade war, the 68-year-old and his family were calling it quits. It took less than four hours to sell off all the tractors, combines and other farm equipment at the Taphorn retirement sale, ending a family tradition that had survived nearly a century.
AGCO, Your Agriculture Company, , a worldwide manufacturer and distributor of agricultural equipment, announced today the election of Sondra Barbour to its Board of Directors effective immediately.
AGCO, Your Agriculture Company, , a worldwide manufacturer and distributor of agricultural equipment, today announced that it has increased the company’s quarterly dividend to $0.16 per outstanding share, up $0.01 from $0.15 per outstanding share paid last quarter.
Agco (AGCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the fourth […]
U.S. agricultural machine maker AGCO Corp said on Tuesday it would launch its flagship Fendt line of equipment in Brazil later this year, targeting large soybean farmers in the vast center-west region. AGCO will first bring the German-made line of Fendt Vario high-power tractors to Brazil's grain heartland, the company's South America chief Luís Felli said at a presentation in Sao Paulo.
LINCOLN, Neb. , April 16, 2019 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, is launching a used equipment website, www.AGCOUsed.com ...
Today we'll evaluate AGCO Corporation (NYSE:AGCO) to determine whether it could have potential as an investment idea. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how effici...
AGCO Corporation (AGCO), a worldwide manufacturer and distributor of agriculture equipment and solutions, announces that Jane Song, manager, production for AGCO Power in Changzhou was honored with a 2019 STEP (Science, Technology, Engineering, and Production) Ahead Awards from The Women In Manufacturing, an initiative of the Manufacturing Institute. This honor identifies the best of the best women at all levels of the manufacturing industry, from the factory floor to the C suite. Jane Song, our 2019 honoree, makes a difference every day at AGCO and in her community,” said Lucinda Smith, senior vice president, Global Business Services at AGCO.
Agco (AGCO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.