AGCO Corp (NYSE: AGCO) has a higher price-to-earnings ratio of 41.56x compared to its average ratio, The 36-month beta value for AGCO is at 1.25. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for AGCO is 61.98M, and currently, shorts hold a 7.42% of that float. The average trading volume for AGCO on December 25, 2024 was 959.99K shares.
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AGCO) stock’s latest price update
The stock of AGCO Corp (NYSE: AGCO) has increased by 0.57 when compared to last closing price of 93.49.Despite this, the company has seen a loss of -2.93% in its stock price over the last five trading days. prnewswire.com reported 2024-12-19 that Farmer-First Strategy Delivering Value for Farmers and Generating Higher Through-the-Cycle Returns for Shareholders NEW YORK, Dec. 19, 2024 /PRNewswire/ — AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced new financial targets to investors at its 2024 Analyst Meeting as it remains focused on driving enhanced durability and profitability through the cycle. By 2029, AGCO is targeting to: Improve adjusted mid-cycle adjusted operating margins to 14%-15%1 Outgrow the industry by 4%-5% annually Annually deliver free cash flow conversion of 75%-100%2 Expand net sales of Fendt in North and South America to $1.7 billion as the company continues to roll out a full line of Fendt products Grow parts net sales to $2.3 billion while increasing market share of genuine AGCO parts Deliver precision ag net sales of $2.0 billion “Our Farmer-First strategy has served us well since its launch in 2021, driving us to deliver even more innovative solutions for farmers through our differentiated portfolio of leading brands,” said Eric Hansotia, AGCO’s Chairman, President and Chief Executive Officer.
AGCO’s Market Performance
AGCO’s stock has fallen by -2.93% in the past week, with a monthly drop of -4.48% and a quarterly drop of -0.42%. The volatility ratio for the week is 4.61% while the volatility levels for the last 30 days are 3.18% for AGCO Corp The simple moving average for the last 20 days is -3.40% for AGCO’s stock, with a simple moving average of -6.97% for the last 200 days.
Analysts’ Opinion of AGCO
Many brokerage firms have already submitted their reports for AGCO stocks, with Morgan Stanley repeating the rating for AGCO by listing it as a “Equal-Weight.” The predicted price for AGCO in the upcoming period, according to Morgan Stanley is $101 based on the research report published on December 03, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see AGCO reach a price target of $96. The rating they have provided for AGCO stocks is “Market Perform” according to the report published on August 09th, 2024.
AGCO Trading at -3.04% 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 -26.17% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 4.61%, as shares sank -6.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.30% lower at present.
During the last 5 trading sessions, AGCO fell by -2.93%, which changed the moving average for the period of 200-days by -18.02% in comparison to the 20-day moving average, which settled at $97.33. In addition, AGCO Corp saw -20.79% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AGCO starting from De Lange Bob, who purchase 2,740 shares at the price of $91.80 back on Nov 14 ’24. After this action, De Lange Bob now owns 11,176 shares of AGCO Corp, valued at $251,532 using the latest closing price.
De Lange Bob, the Director of AGCO Corp, purchase 1,415 shares at $88.28 during a trade that took place back on Aug 08 ’24, which means that De Lange Bob is holding 8,422 shares at $124,916 based on the most recent closing price.
Stock Fundamentals for AGCO
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.25 for the gross margin
The net margin for AGCO Corp stands at 0.01. The total capital return value is set at 0.12. Equity return is now at value 4.00, with 1.37 for asset returns.
Based on AGCO Corp (AGCO), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 16.54.
Currently, EBITDA for the company is 1.69 billion with net debt to EBITDA at 4.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.84. The receivables turnover for the company is 8.68for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In conclusion, AGCO Corp (AGCO) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
