AGCO Corp (AGCO): Today's Featured Industrial Goods Loser

AGCO ( AGCO) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day up 0.4%. By the end of trading, AGCO fell 65 cents (-1.5%) to $42.35 on average volume. Throughout the day, 2.3 million shares of AGCO exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in price between $41.26-$43.08 after having opened the day at $43.08 as compared to the previous trading day's close of $43. Other company's within the Industrial Goods sector that declined today were: Ecotality ( ECTY), down 10.3%, A123 Systems ( AONE), down 9.4%, Comstock ( CHCI), down 7.2%, and Ducommun ( DCO), down 6.1%.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. AGCO has a market cap of $4.27 billion and is part of the industrial industry. The company has a P/E ratio of 6.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year to date as of the close of trading on Monday. Currently there are four analysts that rate AGCO a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates AGCO as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Fuel Tech ( FTEK), up 17.9%, Nobility Homes ( NOBH), up 16%, China Development Group Corporation ( CTDC), up 11.8%, and Proto Labs ( PRLB), up 10.6%, were all gainers within the industrial goods sector with Parker Hannifin Corporation ( PH) being today's featured industrial goods sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).
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