AGCO Corp (NYSE: AGCO) has reported earnings for its first fiscal quarter (ending March 31) of $2.25 versus $3.11 for the same period a year ago — a decline of -28%. Relative to the consensus estimate of $2.17, this was a premium of $0.08. For the latest four quarters through March 31, E.P.S. were $14.80 compared to $13.00 a year ago — an increase of 14%.
Recent Price Action
AGCO Corp (NYSE: AGCO) stock closed at $110.63 on 5/2/24 after a modest decline of -1.3%. Moreover, exceptionally high trading volume at 226% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -6.8% during the last week.
Current PriceTarget Research Rating
AGCO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
AGCO has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. AGCO has a good Appreciation Score of 77 but a poor Power Rating of 25, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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