Price Action to Note: AGCO Corporation Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Price Action to Note: AGCO Corporation Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of AGCO Corporation (NYSE:AGCO) hit a new 52-week high and has $60.86 target or 8.00% above today’s $56.35 share price. The 7 months bullish chart indicates low risk for the $4.55 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $60.86 price target is reached, the company will be worth $364.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 504,246 shares traded hands. AGCO Corporation (NYSE:AGCO) has risen 6.52% since April 25, 2016 and is uptrending. It has outperformed by 0.51% the S&P500.

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 $58.14M for 19.57 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. $54 is the highest target while $39 is the lowest. The $47.82 average target is -15.14% below today’s ($56.35) stock price. Agco Corporation has been the topic of 25 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of AGCO Corporation (NYSE:AGCO) has “Underperform” rating given on Friday, October 2 by Bank of America. As per Friday, September 25, the company rating was maintained by Bank of America. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, September 25. The stock of AGCO Corporation (NYSE:AGCO) earned “Hold” rating by Vertical Research on Thursday, July 30. As per Friday, July 15, the company rating was maintained by Citigroup. The firm earned “Hold” rating on Wednesday, September 7 by Deutsche Bank. The firm has “Sector Perform” rating given on Thursday, April 28 by RBC Capital Markets. Wells Fargo upgraded the stock to “Outperform” rating in Monday, October 10 report. The stock of AGCO Corporation (NYSE:AGCO) earned “Equal Weight” rating by Barclays Capital on Wednesday, December 16. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, December 16.

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 improved, 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.
Rhumbline Advisers has invested 0.02% of its portfolio in AGCO Corporation (NYSE:AGCO). Raymond James Na has 0.03% invested in the company for 8,072 shares. Hudock Group Incorporated Llc has 670 shares for 0.02% of their US portfolio. Fincl Bank Of America Corporation De, a North Carolina-based fund reported 263,823 shares. Auxier Asset Mgmt has 8,005 shares for 0.09% of their US portfolio. John G Ullman & Associates holds 0.37% of its portfolio in AGCO Corporation (NYSE:AGCO) for 37,800 shares. Agf America Incorporated last reported 45,270 shares in the company. Invesco Limited accumulated 661,798 shares or 0.01% of the stock. Geode Capital Lc last reported 460,213 shares in the company. Bridgewater Assoc Lp last reported 18,900 shares in the company. Bb&T owns 218,252 shares or 0.22% of their US portfolio. Wealthtrust reported 3,956 shares or 0.11% of all its holdings. Wells Fargo Mn last reported 0% of its portfolio in the stock. Ig Mngmt Ltd accumulated 159,581 shares or 0.03% of the stock. The United Kingdom-based Ahl Partners Limited Liability Partnership has invested 0.05% in AGCO Corporation (NYSE:AGCO).

Insider Transactions: Since August 16, 2016, the stock had 0 buys, and 2 selling transactions for $135,870 net activity. Veltmaat Hans Bernd had sold 283 shares worth $13,493 on Tuesday, August 16. 2,309 AGCO Corporation (NYSE:AGCO) shares with value of $122,377 were sold by COLLAR GARY L.

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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