AGCO Corp (AGCO): Today's Featured Industrial Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.4%. By the end of trading, AGCO rose $0.61 (1.1%) to $55.84 on average volume. Throughout the day, 691,467 shares of AGCO exchanged hands as compared to its average daily volume of 908,700 shares. The stock ranged in a price between $55.46-$56.19 after having opened the day at $55.56 as compared to the previous trading day's close of $55.23. Other companies within the Industrial industry that increased today were:
(
), up 22.3%,
(
), up 10.8%,
(
), up 10.6% and
(
), up 8.7%.
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. AGCO has a market cap of $5.3 billion and is part of the industrial goods sector. Shares are up 12.4% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate AGCO a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
AGCO
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full AGCO Ratings Report.
On the negative front,
(
), down 13.7%,
(
), down 12.4%,
(
), down 5.6% and
(
), down 5.0% , were all laggards within the industrial industry with
(
) being today's industrial industry laggard.
- Use our industrial section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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