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Monday, June 5, 2023

Is AGCO Corporation (NYSE: AGCO) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for AGCO Corporation (AGCO) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $127.51. The AGCO Corporation has recorded 215,976 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted AGCO Reports First Quarter Results.

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Stocks Info

This NYSE-listed company operates within the Farm & Heavy Construction Machinery industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $127.51 and fluctuated between $131.90 as its day high and $127.34 as its day low. The current market capitalization of AGCO Corporation is $9.47B. A total of 1.07 million shares were traded on the day, compared to an average of 670.32K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, AGCO has seen 16 BUY and 17 SELL insider trades, representing the acquisition of 88,287 and the disposition of 81,196 shares. Over the last 12 months, there were 44 BUYs and 47 SELLs from insiders. Insiders purchased 187,116 shares during that period but sold 127,343.

In the most recent transaction, Dehner Torsten Rudolf Willi sold 744 shares of AGCO for 140.71 per share on Feb 23. After the transaction, the SVP, Gen. Mgr., Fendt/Valtra now owns 26,867 company shares. In a previous transaction on Feb 21, LONG LARA THRUSH sold 1,623 shares at 138.76 per share. AGCO shares that VP, Chief Accounting Officer owns now total 782.

Among the insiders who sold shares, Crain Robert B disposed of 10,000 shares on Feb 17 at a per-share price of $138.32. This resulted in the SVP, Customer Experience holding 34,367 shares of AGCO after the transaction. In another insider transaction, Felli Luis Fernando Sartini sold 2,625 shares at $137.26 per share on Feb 17. Company shares held by the SVP, Massey Ferguson now total 15,833.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. AGCO Corporation pays an annual dividend of $1.16, resulting in a dividend yield of 0.91%, and it has a price to earnings (P/E) ratio of 10.74. AGCO’s most recent ex-dividend date was 5/12/2023 when it declared a $0.29 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/15/2023 with an ex-dividend date of 2/14/2023. The AGCO stock dividend was $0.24 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for AGCO in the last 3 months, the mean price target is $155.73 with high estimates of $189.00 and low estimates of $135.00. In terms of 52-week highs and lows, AGCO has a high of $145.53 and a low of $88.55.

As of this writing, AGCO has an earnings estimate of $3.24 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $3.73 per share and a lower estimate of $2.91. The company reported an EPS of $4.47 in the last quarter, which was 14.60% higher than expectations of $3.9.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. AGCO’s latest balance sheet shows that the firm has $889.10M in Cash & Short Term Investments as of fiscal 2021. There were $1.62B in debt and $3.45B in liabilities at the time. Its Book Value Per Share was $52.04, while its Total Shareholder’s Equity was $3.44B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AGCO is Underweight with a score of 4.33. A total of 9 analysts rated the stock as Buy while 2 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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