AGCO Corp (AGCO): Today's Featured Industrial Laggard

AGCO ( AGCO) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.8%. By the end of trading, AGCO fell 66 cents (-1.4%) to $45.09 on light volume. Throughout the day, 896,931 shares of AGCO exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $45.04-$45.88 after having opened the day at $45.59 as compared to the previous trading day's close of $45.75. Other companies within the Industrial industry that declined today were: Broadwind Energy ( BWEN), down 11.1%, Briggs & Stratton Corporation ( BGG), down 4.9%, NF Energy Saving ( NFEC), down 4.1%, and Mueller Water Products ( MWA), down 4%.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. AGCO has a market cap of $4.46 billion and is part of the industrial goods sector. The company has a P/E ratio of 6.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 6.7% year to date as of the close of trading on Wednesday. Currently there are five 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 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 shows weak operating cash flow.

On the positive front, Robbins & Myers Incorporated ( RBN), up 27.4%, A123 Systems ( AONE), up 22.6%, Middleby Corporation ( MIDD), up 13.5%, and Presstek ( PRST), up 13.3%, were all gainers within the industrial industry with Caterpillar ( CAT) being today's featured industrial industry leader.

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 ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).
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