AGCO Corporation (AGCO) eyeing new wave of investors

AGCO Corporation (NYSE:AGCO) closed the previous session at $79.97, up by 0.56 or 0.71% higher on its price over the last trading period. Shares of the company have traded -1.74% down in the last 5 days, with the price reaching as high as $81.39 since 11/14/19. The stock however has recovered +2.86% since hitting 5-day low of $77.75. The AGCO stock is -1.74% lower than the $81.39 top value it marked over a period of month. AGCO Corporation (NYSE:AGCO) has a 52-week price range of $51.48- $81.39. The stock is 43.65% up year-to-date. Can AGCO go on to record further gains or will the drop below $79.41 be witnessed again in coming days?

In comparison, let’s see recent movement of other stocks the recent users of Yahoo Finance’s stock information-accessing system have also looked at before they searched AGCO Corporation (AGCO). Shares of Alamo Group Inc. (NYSE:ALG) changed $1.9 or a gain of 1.70% to close at $113.94, while the stock of Lindsay Corporation (NYSE:LNN) dropped nearly -0.75% in the last session to close at price of $87.31. The Toro Company (NYSE:TTC) lost -$0.05 in value, or -0.06% to see deals exchanging hands at $77.52 in the last period. Art’s-Way Manufacturing Co. Inc. (NASDAQ:ARTW) dropped $0.0 or about 0.05 to see its shares trade at $1.85.

The total number of analysts who have rated AGCO as a buy is 8, with just 2 of 19 recommending it as a Sell. 19 analysts of the 2 rated it as underweight; while 7 advised Hold and a further 0 say the stock is Overweight.

Lets us now look at some key statistics for the company and see what they tell us about its books. AGCO Corporation has a market valuation of $6.04 billion, with its Enterprise Value at $7.82 billion. The enterprise value (EV) is 22.76% off AGCO Corporation’s market cap. Shares traded in the last session stood at 456978 while the average trading volume is 488.21K. Insiders own 1.20% of the shares institutions own 86.50% as outstanding shares currently stand at 75.53 million. When we look at the 20-day simple moving average, AGCO is 2.32%, while that moves to 5.27% over its 50-day SMA and the SMA200 is 11.22%.

When we look at the consensus estimate for AGCO shares, we find that Wall Street analysts have given the average target price of $81.06. The earnings estimate for the current quarter is 1.56, higher than the 0.88 expected for the next quarter. The stock has earnings per share estimate ranging between a low of 1.40 and a high of 1.63, with the coefficient variance at 3.72. For this fiscal year, the estimate climbs to 19.00 versus the 19.00 expected for the next year. AGCO has current-year EPS range between a low of 4.90 and a high of 5.15, with the coefficient variance at 1.23.

The stock’s trailing per-earning (P/E) is $20.44 while the forward P/E is $14.23. The company’s trailing 12-month price-to-sales ratio is 0.66. In terms of profitability, the company has a profit margin of 3.40% and a trailing 12-month (ttm) operating margin of 6.10%. The company’s gross margin is 22.00%. AGCO is one of the hottest stocks right now and that shows in its potential upside on returns with a 3.90% ROA for the last 12 months and a return on equity (ROE) of 10.50% over the same period.

For the fiscal quarter ending 12/30/2018, AGCO Corporation had revenue of $2.68B. The earnings per share for the most recent quarter were 1.31. The EPS for the recent quarter beat consensus estimates by $0.09 per share after analysts had predicted $1.22. EPS posted in 4 out of the last 4 quarters have beaten analysts’ estimates. The company’s total fiscal year 2019 revenue is $9.35 billion and an EPS of $3.91, while the annualized dividend $0.64.

The investor community is excited about the AGCO stock, with the Barchart 100% Buy showing that the stock could be headed for a massive uptrend. The stock’s 1-month chart already shows that the stock is 6.27% up and 15.50% higher in the last 3 months. Its 12-month performance is showing the stock trending higher by 39.86%. There might be a slight pullback as $80.57 is the first resistance point and if crossed $81.18 should come in play as the second resistance level. AGCO could see support around 79.31 and will later test the 78.65 support.