AGCO Corporation (AGCO)

NYSE: AGCO · IEX Real-Time Price · USD
109.93
+2.36 (2.19%)
Feb 28, 2024, 1:58 PM EST - Market open
2.19%
Market Cap 8.05B
Revenue (ttm) 14.41B
Net Income (ttm) 1.17B
Shares Out 74.88M
EPS (ttm) 15.63
PE Ratio 6.99
Forward PE 8.25
Dividend $1.16 (1.06%)
Ex-Dividend Date Feb 14, 2024
Volume 291,035
Open 107.43
Previous Close 107.57
Day's Range 107.03 - 109.99
52-Week Range 105.77 - 145.53
Beta 1.35
Analysts Buy
Price Target 151.09 (+37.44%)
Earnings Date Feb 6, 2024

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses. The company also provides grain storage bins and related drying and hand... [Read more]

Sector Industrials
IPO Date Apr 16, 1992
Employees 27,900
Stock Exchange NYSE
Ticker Symbol AGCO
Full Company Profile

Financial Performance

In 2023, AGCO's revenue was $14.41 billion, an increase of 13.92% compared to the previous year's $12.65 billion. Earnings were $1.17 billion, an increase of 31.68%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for AGCO stock is "Buy." The 12-month stock price forecast is $151.09, which is an increase of 37.44% from the latest price.

Price Target
$151.09
(37.44% upside)
Analyst Consensus: Buy
Stock Forecasts

News

AGCO's Fendt®, Massey Ferguson®, Precision Planting® & GSI® Offer Expansive, Farmer-Focused Exhibit at 2024 Commodity Classic

DULUTH, Ga.--(BUSINESS WIRE)-- #ComClassic--AGCO's exhibit at the 2024 Commodity Classic will feature award-winning products from across its popular brands.

7 days ago - Business Wire

AGCO to Present at the 2024 Barclays Industrial Select Conference

DULUTH, Ga.--(BUSINESS WIRE)-- #AGCOIR--AGCO, Your Agriculture Company (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, ...

7 days ago - Business Wire

Massey Ferguson® Launches the MF 3 Series Specialty Tractor, a High-Value-Per-Dollar Tractor Solution for Vineyards and Orchards

The Massey Ferguson 3 Series Specialty tractor provides power and comfort with a smaller carbon footprint. The Massey Ferguson 3 Series Specialty tractor provides power and comfort with a smaller carb...

15 days ago - GlobeNewsWire

AGCO's Display at 2024 National Farm Machinery Show to Highlight New and Award-Winning Solutions

DULUTH, Ga.--(BUSINESS WIRE)-- #FarmerFirst--AGCO's exhibit at NFMS will include new equipment such as Fendt's 200 Vario tractor & 30-foot Momentum planter, and Massey Ferguson's 500R sprayer.

20 days ago - Business Wire

AGCO to Exhibit New and Award-Winning Equipment at 2024 World Ag Expo

DULUTH, Ga.--(BUSINESS WIRE)-- #FarmerFirst--AGCO's exhibit at World Ag Expo will feature the NA debut of the Massey Ferguson 3 Specialty tractor & cutting-edge solutions from Fendt.

21 days ago - Business Wire

AGCO Earnings Miss Estimates. The Stock Is Soaring.

The Deere competitor sees sales coming in at about $13.6 billion, down from $14.4 billion generated in 2023.

22 days ago - Barrons

AGCO Reports Fourth Quarter and Full Year Results

DULUTH, Ga.--(BUSINESS WIRE)--AGCO, Your Agriculture Company (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, reported n...

22 days ago - Business Wire

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of AGCO Corporation (NYSE: AGCO) and Encourages Investors to Contact the Firm

PHILADELPHIA , Jan. 31, 2024 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating AGCO Corporation (NYSE: AGCO) on behalf of the company's investors. The investigation seeks to determine...

4 weeks ago - PRNewsWire

AGCO Launches FarmerCore to Bring the Dealer Experience Directly to the Farm

DULUTH, Ga.--(BUSINESS WIRE)--AGCO announced the launch of FarmerCore, a transformative global initiative to deliver a next-generation farmer and dealer experience.

4 weeks ago - Business Wire

AGCO Announces Fourth-Quarter 2023 Earnings Release and Conference Call

DULUTH, Ga.--(BUSINESS WIRE)-- #AGCOIR--AGCO, Your Agriculture Company, (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology,...

5 weeks ago - Business Wire

AGCO Announces Quarterly Dividend

DULUTH, Ga.--(BUSINESS WIRE)-- #AGCOIR--AGCO, Your Agriculture Company, (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology,...

5 weeks ago - Business Wire

AGCO Names Viren Shah as Chief Digital & Information Officer

DULUTH, Ga.--(BUSINESS WIRE)--AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced the addition of a Chief Di...

7 weeks ago - Business Wire

AGCO Names Lee Pemberton 2023 Operator of the Year

DULUTH, Ga.--(BUSINESS WIRE)-- #FarmerFirst--AGCO named Lee Pemberton of Makin' Trax Contractors the 2023 Operator of the Year at the ARA Expo in Orlando, FL, on November 29, 2023.

2 months ago - Business Wire

AGCO's Massey Ferguson® Names Gunnison Cattlemen's Days Rodeo 2023 Sowing Good Deeds™ Winner

DULUTH, Ga.--(BUSINESS WIRE)-- #FarmerFirst--AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, continue...

2 months ago - Business Wire

AGCO Brands Win Six 2024 AE50 Awards

DULUTH, Ga.--(BUSINESS WIRE)-- #AE50--AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, announced today...

3 months ago - Business Wire

Finnish President Recognizes AGCO as International Long-Term Investor

LINNAVUORI & SUOLAHTI, Finland--(BUSINESS WIRE)--AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, has received the ...

3 months ago - Business Wire

AGCO's Innovative and Sustainable Machines Win Big at Agritechnica

HANOVER, Germany--(BUSINESS WIRE)--AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, and its family of leading brand...

3 months ago - Business Wire

AGCO Continues Technology Transformation to Become an Industry Leader in Smart Farming Solutions

DULUTH, Ga.--(BUSINESS WIRE)--Following the recently announced transformational Joint Venture (JV) with Trimble, which creates an industry leading global mixed-fleet precision ag platform, AGCO (NYSE:...

3 months ago - Business Wire

AGCO to Showcase Technology Stack and Sustainable Solutions at Agritechnica 2023

HANNOVER, Germany--(BUSINESS WIRE)--AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, will once again host thousands...

3 months ago - Business Wire

AGCO Releases November 2023 North American Distribution Network Update

DULUTH, Ga.--(BUSINESS WIRE)-- #FarmerFirst--AGCO congratulated Redlund Equipment for its acquisition of Sorum Tractor's location in Alamosa, CO, to expand its services in eastern Colorado.

4 months ago - Business Wire

More Than One Way to Reduce Agricultural Emissions – AGCO Power Reveals Results of Years of Research and Development

NOKIA, Finland--(BUSINESS WIRE)-- #Agritechnica--AGCO Power, part of the AGCO Corporation, unveils a wide range of solutions from alternative fuels to electric systems.

4 months ago - Business Wire

AGCO Stock Is Rising. Earnings Crushed Estimates.

Farm-equipment maker AGCO saw "robust demand" as third-quarter numbers beat estimates. It also raised guidance.

4 months ago - Barrons

AGCO Reports Third-Quarter Results

DULUTH, Ga.--(BUSINESS WIRE)-- #AGCOIR--AGCO, Your Agriculture Company (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, ...

4 months ago - Business Wire

AGCO Welcomes Plevna Implement Expansion in Western Indiana

DULUTH, Ga.--(BUSINESS WIRE)-- #FarmerFirst--AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, welcomed...

4 months ago - Business Wire

AGCO Announces Third-Quarter 2023 Earnings Release and Conference Call

DULUTH, Ga.--(BUSINESS WIRE)-- #AGCOIR--AGCO, Your Agriculture Company, (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology,...

4 months ago - Business Wire