AGCO Reaches New 52-Week High (AGCO)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- AGCO (NYSE: AGCO) hit a new 52-week high Wednesday as it is currently trading at $54.45, above its previous 52-week high of $54.42 with 802,705 shares traded as of 12:16 p.m. ET. Average volume has been one million shares over the past 30 days.

AGCO has a market cap of $5.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 6.9% year to date as of the close of trading on Tuesday.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company has a P/E ratio of 7.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates AGCO as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income, 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. You can view the full AGCO Ratings Report.

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