AGCO (NYSE:AGCO) hit a new 52-week high Thursday as it is currently trading at $55.05, above its previous 52-week high of $55.04 with 319,616 shares traded as of 3:11 p.m. ET. Average volume has been 977,800 shares over the past 30 days.
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 Thursday as it is currently trading at $55.05, above its previous 52-week high of $55.04 with 319,616 shares traded as of 3:11 p.m. ET. Average volume has been 977,800 shares over the past 30 days. AGCO has a market cap of $5.25 billion and is part of the industrial goods sector and industrial industry. Shares are up 10.5% year to date as of the close of trading on Wednesday. AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company has a P/E ratio of 10.2, 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, good cash flow from operations, 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 has had somewhat weak growth in earnings per share. You can view the full AGCO Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.