AGCO Corporation (AGCO, Financial) stock experienced a sharp decline of 1.71%, trading at $100.00 per share with a trading volume of 196,689 shares and a turnover rate of 0.26%. The stock's amplitude was recorded at 1.60%.
Recent financial reports indicate AGCO reported revenue of $3.247 billion, a net loss of $367 million, and earnings per share of -$4.92. The company boasts a gross profit of $809 million and a price-to-earnings ratio of 17.86.
In terms of analyst ratings, out of 15 analysts covering the stock, 40% recommend buying, 53% suggest holding, and 7% advise selling.
Within the industrial distribution sector, where AGCO operates, the overall decline was 0.29%. In contrast, stocks like Urban-Gro, Inc., Nikola, and Titan International saw significant gains. Meanwhile, companies such as Nikola, Agrify Corporation, and Blue Bird Corporation were actively traded, with turnover rates of 5.79%, 2.90%, and 0.82%, respectively. High volatility was observed in Xos Inc C/Wts (To Pur Com), Agrify Corporation, and Urban-Gro, Inc., with amplitudes of 18.80%, 14.98%, and 8.71%, respectively.
AGCO Corporation is a global leader in agricultural equipment manufacturing, featuring five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, AGCO's product line extends beyond self-propelled equipment to include grain handling systems and livestock management solutions. Products are available through a global network of approximately 3,100 dealers and distributors. AGCO also offers retail and wholesale financing to its customers through a joint venture with Rabobank, a European bank focusing on food and agriculture.
