AGCO Corp (NYSE: AGCO) is -23.72% lower on its value in year-to-date trading and has touched a low of $84.35 and a high of $127.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AGCO stock was last observed hovering at around $94.13 in the last trading session, with the day’s loss setting it -3.58%.
Currently trading at $90.55, the stock is -7.72% and -6.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing -3.80% at the moment leaves the stock -10.64% off its SMA200. AGCO registered -23.55% loss for a year compared to 6-month loss of -10.35%. The firm has a 50-day simple moving average (SMA 50) of $97.2826 and a 200-day simple moving average (SMA200) of $101.98175.
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The stock witnessed a -1.32% gain in the last 1 month and extending the period to 3 months gives it a -4.42%, and is -6.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.36% over the week and 3.33% over the month.
AGCO Corp (AGCO) has around 27900 employees, a market worth around $6.76B and $12.58B in sales. Current P/E ratio is 40.03 and Fwd P/E is 16.34. Profit margin for the company is 1.35%. Distance from 52-week low is 7.35% and -28.90% from its 52-week high. The company has generated returns on investments over the last 12 months (2.15%).
The EPS is expected to shrink by -51.61% this year
650.0 institutions hold shares in AGCO Corp (AGCO), with institutional investors hold 102.89% of the company’s shares. The shares outstanding are 74.64M, and float is at 61.98M with Short Float at 7.42%. Institutions hold 85.52% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 7.88 million shares valued at $771.43 million. The investor’s holdings represent 10.5649 of the AGCO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.57 million shares valued at $545.2 million to account for 7.4666 of the shares outstanding. The other top investors are VICTORY CAPITAL MANAGEMENT INC which holds 3.7 million shares representing 4.9597 and valued at over $362.15 million, while LSV ASSET MANAGEMENT holds 4.0841 of the shares totaling 3.05 million with a market value of $298.21 million.
AGCO Corp (AGCO) Insider Activity
The most recent transaction is an insider purchase by De Lange Bob, the company’s Director. SEC filings show that De Lange Bob bought 2,740 shares of the company’s common stock on Nov 14 ’24 at a price of $91.80 per share for a total of $0.25 million. Following the purchase, the insider now owns 11176.0 shares.
AGCO Corp disclosed in a document filed with the SEC on Aug 08 ’24 that De Lange Bob (Director) bought a total of 1,415 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $88.28 per share for $0.12 million. Following the transaction, the insider now directly holds 8422.0 shares of the AGCO stock.
Still, SEC filings show that on Aug 07 ’24, arnold michael c (Director) acquired 1,800 shares at an average price of $87.69 for $0.16 million. The insider now directly holds 20,465 shares of AGCO Corp (AGCO).
