Noteworthy Price Action: AGCO Corporation’s Trend Up, Especially After Today’s Strong Session

Noteworthy Price Action: AGCO Corporation's Trend Up, Especially After Today's Strong Session

The stock of AGCO Corporation (NYSE:AGCO) is a huge mover today! About 629,269 shares traded hands. AGCO Corporation (NYSE:AGCO) has risen 3.43% since April 21, 2016 and is uptrending. It has underperformed by 1.90% the S&P500.
The move comes after 8 months positive chart setup for the $4.59 billion company. It was reported on Nov, 23 by Barchart.com. We have $59.42 PT which if reached, will make NYSE:AGCO worth $275.40 million more.

Analysts await AGCO Corporation (NYSE:AGCO) to report earnings on February, 7. They expect $0.72 EPS, down 10.00% or $0.08 from last year’s $0.8 per share. AGCO’s profit will be $58.95M for 19.47 P/E if the $0.72 EPS becomes a reality. After $0.51 actual EPS reported by AGCO Corporation for the previous quarter, Wall Street now forecasts 41.18% EPS growth.

AGCO Corporation (NYSE:AGCO) Ratings Coverage

Out of 12 analysts covering Agco Corporation (NYSE:AGCO), 1 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 8% are positive. Agco Corporation has been the topic of 24 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Wednesday, October 12 with “Equal-Weight”. Vertical Research upgraded AGCO Corporation (NYSE:AGCO) on Thursday, July 30 to “Hold” rating. The stock of AGCO Corporation (NYSE:AGCO) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, February 3. The firm has “Sector Perform” rating given on Wednesday, December 16 by RBC Capital Markets. The stock has “Hold” rating given by Deutsche Bank on Wednesday, October 12. The firm earned “Neutral” rating on Friday, September 25 by Bank of America. As per Monday, October 10, the company rating was upgraded by Wells Fargo. Deutsche Bank upgraded the shares of AGCO in a report on Thursday, December 17 to “Hold” rating. The firm earned “Sell” rating on Thursday, October 1 by UBS. Deutsche Bank initiated the shares of AGCO in a report on Wednesday, September 7 with “Hold” rating.

According to Zacks Investment Research, “AGCO CORP. is engaged in the manufacturer and distribution of farm equipment, machinery and replacement parts in the United States and Canada. Products include tractors, combines, hay tools and forage equipment and implements.”

Insitutional Activity: The institutional sentiment increased to 0.87 in Q2 2016. Its up 0.26, from 0.61 in 2016Q1. The ratio increased, as 49 funds sold all AGCO Corporation shares owned while 133 reduced positions. 20 funds bought stakes while 91 increased positions. They now own 70.87 million shares or 7.82% less from 76.88 million shares in 2016Q1.
Allianz Asset Mngmt Ag, a Germany-based fund reported 1.25M shares. Sumitomo Mitsui Asset Management holds 4,852 shares or 0.01% of its portfolio. Balyasny Asset Mgmt Limited Com last reported 0.07% of its portfolio in the stock. Voya Inv Ltd Llc has 22,826 shares for 0% of their US portfolio. Highvista Strategies Ltd Company last reported 0.19% of its portfolio in the stock. Cowen Group Inc owns 61,396 shares or 0.2% of their US portfolio. Hilltop has invested 0.32% of its portfolio in AGCO Corporation (NYSE:AGCO). First Pacific Advsr Limited Liability Corp last reported 740,371 shares in the company. Mizuho Trust & Bk Com Limited has 108,112 shares for 0.02% of their US portfolio. Becker Cap Management has 8,035 shares for 0.02% of their US portfolio. Boston Advsrs Lc reported 5,117 shares or 0.01% of all its holdings. Wfg Advisors L P owns 9 shares or 0% of their US portfolio. Rodgers Brothers accumulated 12,200 shares or 0.24% of the stock. Hm Payson has invested 0.05% of its portfolio in AGCO Corporation (NYSE:AGCO). Daiwa Secs Gru accumulated 1,800 shares or 0% of the stock.

Insider Transactions: Since August 16, 2016, the stock had 0 buys, and 2 sales for $135,870 net activity. $122,377 worth of AGCO Corporation (NYSE:AGCO) shares were sold by COLLAR GARY L. 283 shares were sold by Veltmaat Hans Bernd, worth $13,493.

Another recent and important AGCO Corporation (NYSE:AGCO) news was published by Nasdaq.com which published an article titled: “AGCO Corporation (AGCO) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016.

AGCO Company Profile

AGCO Corporation, incorporated on April 22, 1991, is a maker and distributor of agricultural equipment and related replacement parts around the world. The Firm sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific. The Company’s Chinese harvesting business operates within the Asia/Pacific segment. The former sprayer reporting unit operates within the North American segment. The Company’s products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. It also provides retail financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.

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