Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for AGCO Corp (NYSE: AGCO) weakened during the last several trading days. AGCO’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
AGCO Corp (NYSE: AGCO) stock declined modestly by -1.1% on 9/20/24. The stock closed at $94.74. Moreover, trading volume in this decline was unusually high at 189% of normal. The stock has been weak relative to the market over the last nine months but has risen 6.1% 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 D (Negative). 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 82 but a very low Power Rating of 2, resulting in the Negative Value Trend Rating.
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