Extremely significant positive changes in AGCO Corp (NYSE: AGCO) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent small positive changes in fundamentals have benefitted AGCO Corp (NYSE: AGCO): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
AGCO’s future returns on capital are forecasted to exceed 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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AGCO has a good Appreciation Score of 76 but a slightly negative Power Rating of 37, leading to the Neutral Value Trend Rating.
Recent Price Action
On 3/27/24, AGCO Corp (NYSE: AGCO) stock enjoyed a large increase of 3.5%, closing at $121.72. However, trading volume in this advance was unusually low at 66% of normal. The stock has risen 5.0% during the last week but has been weak relative to the market over the last nine months.
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