The stock price of AGCO Corp. (NYSE: AGCO) has plunged by -0.86 when compared to previous closing price of 118.69, but the company has seen a 0.81% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-17 that While the equities market offers a variety of engagement opportunities, arguably the best approach is to consider long-term stocks to buy now. Why the urgency?
Is It Worth Investing in AGCO Corp. (NYSE: AGCO) Right Now?
The price-to-earnings ratio for AGCO Corp. (NYSE: AGCO) is 7.53x, which is above its average ratio. Moreover, the 36-month beta value for AGCO is 1.32. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 12 as “hold,” and 3 as “sell.”
The public float for AGCO is 61.94M and currently, short sellers hold a 3.53% of that float. On April 26, 2024, AGCO’s average trading volume was 711.70K shares.
AGCO’s Market Performance
AGCO stock saw an increase of 0.81% in the past week, with a monthly gain of 0.04% and a quarterly increase of -5.01%. The volatility ratio for the week is 2.98%, and the volatility levels for the last 30 days are 2.55% for AGCO Corp. (AGCO). The simple moving average for the past 20 days is -2.20% for AGCO’s stock, with a -1.86% simple moving average for the past 200 days.
Analysts’ Opinion of AGCO
Many brokerage firms have already submitted their reports for AGCO stocks, with Truist repeating the rating for AGCO by listing it as a “Buy.” The predicted price for AGCO in the upcoming period, according to Truist is $142 based on the research report published on March 14, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see AGCO reach a price target of $135, previously predicting the price at $149. The rating they have provided for AGCO stocks is “Neutral” according to the report published on April 03rd, 2023.
Credit Suisse gave a rating of “Outperform” to AGCO, setting the target price at $174 in the report published on December 22nd of the previous year.
AGCO Trading at 1.77% from the 50-Day Moving Average
After a stumble in the market that brought AGCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.23% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares sank -3.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.29% upper at present.
During the last 5 trading sessions, AGCO rose by +0.81%, which changed the moving average for the period of 200-days by -12.59% in comparison to the 20-day moving average, which settled at $120.12. In addition, AGCO Corp. saw -3.08% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AGCO
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.26 for the gross margin
The net margin for AGCO Corp. stands at 0.08. The total capital return value is set at 0.24. Equity return is now at value 27.44, with 10.88 for asset returns.
Based on AGCO Corp. (AGCO), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.79. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 371.33.
Currently, EBITDA for the company is 2.02 billion with net debt to EBITDA at 0.52. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 8.98for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
To wrap up, the performance of AGCO Corp. (AGCO) has been mixed in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
