AGCO Corp (NYSE:AGCO) price on Friday, June 13, fall -0.33% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $100.59.
A look at the stock’s price movement, the close in the last trading session was $100.92. Turning to its 52-week performance, $108.76 and $73.79 were the 52-week high and 52-week low respectively. Overall, AGCO moved -3.93% over the past month.
AGCO Corp’s market cap currently stands at around $7.50 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 1.16, with its dividend yield at 1.15%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 5 recommend AGCO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AGCO’s current price about -1.34% and 6.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.22, while 7-day volatility ratio is 0.56% and 1.69% in the 30-day chart. Further, AGCO Corp (AGCO) has a beta value of 1.24, and an average true range (ATR) of 2.72. Analysts have given the company’s stock an average 52-week price target of $106, forecast between a low of $106 and high of $106. Looking at the price targets, the low is -5.38% off current price level while to achieve the yearly target high, price needs to move -5.38%. Nonetheless, investors will most likely welcome a -5.38% jump to $106 which is the analysts’ median price.
If we refocus on AGCO Corp (NYSE:AGCO), historical trading data shows that trading volumes averaged 931.46K over the past 3 months. The company’s latest data on shares outstanding shows there are 74.58 million shares.
The 17.19% of AGCO Corp’s shares are in the hands of company insiders while institutional holders own 96.49% of the company’s shares. Current price change has pushed the stock 7.61% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AGCO stock continues to rise going into the next quarter.
