AGCO Corporation: Our Favourite Value Pick For The Agritech Boom [Seeking Alpha]
AGCO Corporation (AGCO)
Last agco corporation earnings: 2/6 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investors.agcocorp.com
Company Research
Source: Seeking Alpha
Specifically, we believe that leading agricultural machinery and equipment manufacturers such as Deere & Company and AGCO Corporation are well-positioned for growth. AGCO is trading at a compelling forward P/E multiple of just 8.9x, with consensus earnings estimates already fully discounting the downturn's impact for 2024. We see the potential for AGCO's valuations to improve to a more reasonable forward P/E of around 13x to 15x by the end of 2025. This translates into a potential gain of 68% even if we keep earnings estimates constant. We initiate our bullish view on AGCO with a "Buy" rating. The global agricultural sector is at a technological tipping point. Advances in automation and precision farming are rapidly disrupting traditional production processes and forcing producers to adapt to stay competitive. While small-scale producers who lack financial strength and Recommended For You
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AGCO
News
- Ag Growth International confirms it rejected unsolicited takeover offer [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- AGCO Corp (AGCO) Joins Innova to Support Modernized Farming [Yahoo! Finance]Yahoo! Finance
- AGCO Invests in Innova Ag Innovation Fund VI to Drive the Next Generation of Farming [Yahoo! Finance]Yahoo! Finance
- Tractor Market to reach USD 191.8 Billion by 2032, Says Global Market Insights inc. [Yahoo! Finance]Yahoo! Finance
- AGCO Invests in Innova Ag Innovation Fund VI to Drive the Next Generation of FarmingPR Newswire
AGCO
Earnings
- 5/2/24 - Beat
AGCO
Sec Filings
- 5/24/24 - Form SD
- 5/16/24 - Form 8-K
- 5/3/24 - Form 10-Q
- AGCO's page on the SEC website