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 lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.5%. By the end of trading, AGCO fell $0.70 (-1.2%) to $55.70 on heavy volume. Throughout the day, 2,653,059 shares of AGCO exchanged hands as compared to its average daily volume of 1,461,900 shares. The stock ranged in price between $53.91-$55.94 after having opened the day at $55.60 as compared to the previous trading day's close of $56.40. Other companies within the Industrial industry that declined today were:
), down 7.8%,
), down 6.5%,
), down 4.3% and
), down 4.3%.
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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. The company has a P/E ratio of 8.7, below the S&P 500 P/E ratio of 17.7. Shares are down 4.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate AGCO a buy, 3 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full AGCO Ratings Report.
On the positive front,
), up 11.9%,
), up 8.0%,
), up 7.0% and
), up 6.9% , were all gainers within the industrial industry with
) being today's featured industrial industry leader.
- 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
) while those bearish on the industrial industry could consider
- Find other investment ideas from our top rated ETFs lists.