Intrinsic value of AGCO - AGCO

Previous Close

$59.33

  Intrinsic Value

$97.35

stock screener

  Rating & Target

str. buy

+64%

Previous close

$59.33

 
Intrinsic value

$97.35

 
Up/down potential

+64%

 
Rating

str. buy

We calculate the intrinsic value of AGCO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  12.10
  11.39
  10.75
  10.18
  9.66
  9.19
  8.77
  8.40
  8.06
  7.75
  7.48
  7.23
  7.01
  6.80
  6.62
  6.46
  6.32
  6.18
  6.07
  5.96
  5.86
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
  5.33
Revenue, $m
  9,312
  10,373
  11,488
  12,657
  13,879
  15,155
  16,485
  17,869
  19,309
  20,805
  22,360
  23,977
  25,656
  27,402
  29,217
  31,105
  33,070
  35,115
  37,245
  39,464
  41,778
  44,192
  46,710
  49,340
  52,086
  54,956
  57,956
  61,093
  64,374
  67,808
Variable operating expenses, $m
  8,094
  8,991
  9,934
  10,922
  11,956
  13,035
  14,159
  15,330
  16,547
  17,813
  18,909
  20,276
  21,696
  23,172
  24,707
  26,304
  27,965
  29,694
  31,496
  33,372
  35,329
  37,370
  39,500
  41,723
  44,046
  46,473
  49,009
  51,662
  54,437
  57,341
Fixed operating expenses, $m
  691
  706
  722
  737
  754
  770
  787
  805
  822
  840
  859
  878
  897
  917
  937
  958
  979
  1,000
  1,022
  1,045
  1,068
  1,091
  1,115
  1,140
  1,165
  1,190
  1,217
  1,243
  1,271
  1,299
Total operating expenses, $m
  8,785
  9,697
  10,656
  11,659
  12,710
  13,805
  14,946
  16,135
  17,369
  18,653
  19,768
  21,154
  22,593
  24,089
  25,644
  27,262
  28,944
  30,694
  32,518
  34,417
  36,397
  38,461
  40,615
  42,863
  45,211
  47,663
  50,226
  52,905
  55,708
  58,640
Operating income, $m
  528
  676
  833
  997
  1,170
  1,350
  1,538
  1,735
  1,939
  2,152
  2,593
  2,823
  3,063
  3,313
  3,573
  3,844
  4,126
  4,420
  4,727
  5,047
  5,381
  5,730
  6,095
  6,477
  6,875
  7,293
  7,730
  8,187
  8,666
  9,169
EBITDA, $m
  1,140
  1,334
  1,538
  1,752
  1,976
  2,210
  2,455
  2,710
  2,975
  3,251
  3,539
  3,838
  4,149
  4,472
  4,809
  5,160
  5,525
  5,906
  6,303
  6,717
  7,149
  7,600
  8,071
  8,564
  9,079
  9,617
  10,181
  10,771
  11,389
  12,037
Interest expense (income), $m
  0
  93
  125
  159
  195
  232
  272
  313
  355
  400
  446
  494
  544
  596
  650
  706
  764
  825
  888
  954
  1,022
  1,094
  1,168
  1,246
  1,326
  1,411
  1,499
  1,591
  1,688
  1,789
  1,894
Earnings before tax, $m
  435
  551
  674
  803
  937
  1,079
  1,226
  1,379
  1,539
  1,706
  2,099
  2,279
  2,467
  2,663
  2,867
  3,080
  3,301
  3,532
  3,773
  4,025
  4,288
  4,562
  4,850
  5,150
  5,464
  5,794
  6,138
  6,499
  6,878
  7,274
Tax expense, $m
  117
  149
  182
  217
  253
  291
  331
  372
  416
  461
  567
  615
  666
  719
  774
  831
  891
  954
  1,019
  1,087
  1,158
  1,232
  1,309
  1,391
  1,475
  1,564
  1,657
  1,755
  1,857
  1,964
Net income, $m
  318
  402
  492
  586
  684
  787
  895
  1,007
  1,124
  1,245
  1,532
  1,664
  1,801
  1,944
  2,093
  2,248
  2,410
  2,578
  2,754
  2,938
  3,130
  3,331
  3,540
  3,760
  3,989
  4,229
  4,481
  4,745
  5,021
  5,310

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  8,937
  9,955
  11,025
  12,147
  13,320
  14,544
  15,820
  17,149
  18,530
  19,967
  21,459
  23,010
  24,622
  26,298
  28,040
  29,851
  31,737
  33,699
  35,744
  37,874
  40,094
  42,410
  44,827
  47,351
  49,986
  52,741
  55,620
  58,630
  61,780
  65,075
Adjusted assets (=assets-cash), $m
  8,937
  9,955
  11,025
  12,147
  13,320
  14,544
  15,820
  17,149
  18,530
  19,967
  21,459
  23,010
  24,622
  26,298
  28,040
  29,851
  31,737
  33,699
  35,744
  37,874
  40,094
  42,410
  44,827
  47,351
  49,986
  52,741
  55,620
  58,630
  61,780
  65,075
Revenue / Adjusted assets
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
Average production assets, $m
  3,939
  4,388
  4,859
  5,354
  5,871
  6,411
  6,973
  7,559
  8,168
  8,801
  9,458
  10,142
  10,853
  11,591
  12,359
  13,158
  13,988
  14,854
  15,755
  16,693
  17,672
  18,693
  19,758
  20,871
  22,032
  23,246
  24,515
  25,842
  27,230
  28,683
Working capital, $m
  1,071
  1,193
  1,321
  1,456
  1,596
  1,743
  1,896
  2,055
  2,220
  2,393
  2,571
  2,757
  2,950
  3,151
  3,360
  3,577
  3,803
  4,038
  4,283
  4,538
  4,804
  5,082
  5,372
  5,674
  5,990
  6,320
  6,665
  7,026
  7,403
  7,798
Total debt, $m
  2,313
  2,944
  3,607
  4,303
  5,030
  5,789
  6,580
  7,404
  8,261
  9,151
  10,076
  11,038
  12,038
  13,076
  14,156
  15,280
  16,449
  17,665
  18,933
  20,253
  21,630
  23,066
  24,565
  26,129
  27,763
  29,471
  31,256
  33,123
  35,075
  37,118
Total liabilities, $m
  5,541
  6,172
  6,835
  7,531
  8,258
  9,018
  9,809
  10,632
  11,489
  12,379
  13,305
  14,266
  15,266
  16,305
  17,385
  18,508
  19,677
  20,894
  22,161
  23,482
  24,858
  26,294
  27,793
  29,357
  30,992
  32,699
  34,484
  36,351
  38,303
  40,347
Total equity, $m
  3,396
  3,783
  4,189
  4,616
  5,062
  5,527
  6,012
  6,517
  7,042
  7,587
  8,154
  8,744
  9,356
  9,993
  10,655
  11,344
  12,060
  12,806
  13,583
  14,392
  15,236
  16,116
  17,034
  17,993
  18,995
  20,041
  21,135
  22,279
  23,476
  24,729
Total liabilities and equity, $m
  8,937
  9,955
  11,024
  12,147
  13,320
  14,545
  15,821
  17,149
  18,531
  19,966
  21,459
  23,010
  24,622
  26,298
  28,040
  29,852
  31,737
  33,700
  35,744
  37,874
  40,094
  42,410
  44,827
  47,350
  49,987
  52,740
  55,619
  58,630
  61,779
  65,076
Debt-to-equity ratio
  0.680
  0.780
  0.860
  0.930
  0.990
  1.050
  1.090
  1.140
  1.170
  1.210
  1.240
  1.260
  1.290
  1.310
  1.330
  1.350
  1.360
  1.380
  1.390
  1.410
  1.420
  1.430
  1.440
  1.450
  1.460
  1.470
  1.480
  1.490
  1.490
  1.500
Adjusted equity ratio
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  318
  402
  492
  586
  684
  787
  895
  1,007
  1,124
  1,245
  1,532
  1,664
  1,801
  1,944
  2,093
  2,248
  2,410
  2,578
  2,754
  2,938
  3,130
  3,331
  3,540
  3,760
  3,989
  4,229
  4,481
  4,745
  5,021
  5,310
Depreciation, amort., depletion, $m
  613
  658
  705
  754
  806
  860
  916
  975
  1,036
  1,099
  946
  1,014
  1,085
  1,159
  1,236
  1,316
  1,399
  1,485
  1,575
  1,669
  1,767
  1,869
  1,976
  2,087
  2,203
  2,325
  2,452
  2,584
  2,723
  2,868
Funds from operations, $m
  930
  1,060
  1,197
  1,340
  1,490
  1,647
  1,811
  1,982
  2,160
  2,345
  2,478
  2,678
  2,886
  3,103
  3,329
  3,564
  3,809
  4,064
  4,330
  4,607
  4,897
  5,200
  5,516
  5,847
  6,192
  6,554
  6,932
  7,329
  7,744
  8,179
Change in working capital, $m
  116
  122
  128
  134
  141
  147
  153
  159
  166
  172
  179
  186
  193
  201
  209
  217
  226
  235
  245
  255
  266
  278
  290
  302
  316
  330
  345
  361
  377
  395
Cash from operations, $m
  815
  938
  1,069
  1,206
  1,350
  1,501
  1,658
  1,823
  1,994
  2,172
  2,299
  2,492
  2,693
  2,902
  3,120
  3,347
  3,583
  3,829
  4,085
  4,352
  4,631
  4,922
  5,226
  5,544
  5,876
  6,224
  6,587
  6,968
  7,366
  7,784
Maintenance CAPEX, $m
  -351
  -394
  -439
  -486
  -535
  -587
  -641
  -697
  -756
  -817
  -880
  -946
  -1,014
  -1,085
  -1,159
  -1,236
  -1,316
  -1,399
  -1,485
  -1,575
  -1,669
  -1,767
  -1,869
  -1,976
  -2,087
  -2,203
  -2,325
  -2,452
  -2,584
  -2,723
New CAPEX, $m
  -429
  -449
  -472
  -494
  -517
  -540
  -562
  -585
  -609
  -633
  -658
  -684
  -710
  -738
  -768
  -799
  -831
  -865
  -901
  -939
  -979
  -1,021
  -1,065
  -1,112
  -1,162
  -1,214
  -1,269
  -1,327
  -1,388
  -1,453
Cash from investing activities, $m
  -780
  -843
  -911
  -980
  -1,052
  -1,127
  -1,203
  -1,282
  -1,365
  -1,450
  -1,538
  -1,630
  -1,724
  -1,823
  -1,927
  -2,035
  -2,147
  -2,264
  -2,386
  -2,514
  -2,648
  -2,788
  -2,934
  -3,088
  -3,249
  -3,417
  -3,594
  -3,779
  -3,972
  -4,176
Free cash flow, $m
  35
  96
  158
  225
  297
  374
  455
  540
  629
  723
  761
  863
  969
  1,079
  1,193
  1,312
  1,436
  1,565
  1,699
  1,838
  1,983
  2,134
  2,292
  2,456
  2,628
  2,807
  2,994
  3,189
  3,394
  3,608
Issuance/(repayment) of debt, $m
  599
  631
  664
  696
  727
  759
  791
  824
  857
  890
  925
  962
  999
  1,039
  1,080
  1,123
  1,169
  1,217
  1,267
  1,321
  1,377
  1,436
  1,499
  1,565
  1,634
  1,708
  1,785
  1,867
  1,953
  2,043
Issuance/(repurchase) of shares, $m
  48
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  647
  631
  664
  696
  727
  759
  791
  824
  857
  890
  925
  962
  999
  1,039
  1,080
  1,123
  1,169
  1,217
  1,267
  1,321
  1,377
  1,436
  1,499
  1,565
  1,634
  1,708
  1,785
  1,867
  1,953
  2,043
Total cash flow (excl. dividends), $m
  683
  727
  822
  921
  1,025
  1,133
  1,246
  1,363
  1,486
  1,613
  1,686
  1,824
  1,968
  2,117
  2,273
  2,436
  2,605
  2,782
  2,966
  3,159
  3,360
  3,570
  3,790
  4,021
  4,262
  4,514
  4,779
  5,056
  5,347
  5,651
Retained Cash Flow (-), $m
  -366
  -387
  -407
  -426
  -446
  -465
  -485
  -505
  -525
  -546
  -567
  -589
  -613
  -637
  -662
  -689
  -716
  -746
  -777
  -809
  -844
  -880
  -918
  -959
  -1,002
  -1,047
  -1,094
  -1,144
  -1,197
  -1,252
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  42
  47
  52
  57
  63
  69
  76
  82
  89
  97
  104
  112
  120
  128
  137
  146
  156
  165
  176
  186
  197
  209
  221
  234
  247
  260
  275
  290
  305
  322
Cash available for distribution, $m
  317
  340
  415
  495
  579
  668
  761
  859
  961
  1,067
  1,119
  1,235
  1,355
  1,481
  1,611
  1,747
  1,888
  2,036
  2,189
  2,349
  2,516
  2,690
  2,872
  3,062
  3,260
  3,468
  3,685
  3,912
  4,150
  4,399
Discount rate, %
  5.50
  5.78
  6.06
  6.37
  6.69
  7.02
  7.37
  7.74
  8.13
  8.53
  8.96
  9.41
  9.88
  10.37
  10.89
  11.43
  12.01
  12.61
  13.24
  13.90
  14.59
  15.32
  16.09
  16.89
  17.74
  18.62
  19.56
  20.53
  21.56
  22.64
PV of cash for distribution, $m
  300
  304
  348
  386
  419
  444
  463
  473
  476
  471
  436
  420
  398
  372
  342
  309
  275
  240
  206
  174
  144
  117
  93
  72
  55
  41
  30
  21
  14
  10
Current shareholders' claim on cash, %
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. The Company's segments are North America, South America, Europe/Middle East, and Asia/Pacific/Africa. The Company's products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. As of December 31, 2016, the Company distributed its products through over 3,000 independent dealers and distributors in more than 150 countries. In addition, the Company also provides retail and wholesale financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank). The Company's AGCO Power engines division produces diesel engines, gears and generating sets.

FINANCIAL RATIOS  of  AGCO (AGCO)

Valuation Ratios
P/E Ratio 29.5
Price to Sales 0.6
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow 12.7
Price to Free Cash Flow 27.9
Growth Rates
Sales Growth Rate -0.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -4.7%
Cap. Spend. - 3 Yr. Gr. Rate -12.5%
Financial Strength
Quick Ratio 5
Current Ratio 0.2
LT Debt to Equity 58%
Total Debt to Equity 61.1%
Interest Coverage 0
Management Effectiveness
Return On Assets 2.3%
Ret/ On Assets - 3 Yr. Avg. 3.8%
Return On Total Capital 3.7%
Ret/ On T. Cap. - 3 Yr. Avg. 6.1%
Return On Equity 5.7%
Return On Equity - 3 Yr. Avg. 8.4%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 20.5%
Gross Margin - 3 Yr. Avg. 20.9%
EBITDA Margin 6.5%
EBITDA Margin - 3 Yr. Avg. 7.4%
Operating Margin 3.9%
Oper. Margin - 3 Yr. Avg. 5.1%
Pre-Tax Margin 2.8%
Pre-Tax Margin - 3 Yr. Avg. 4%
Net Profit Margin 2.2%
Net Profit Margin - 3 Yr. Avg. 3.3%
Effective Tax Rate 44.9%
Eff/ Tax Rate - 3 Yr. Avg. 35.2%
Payout Ratio 26.9%

AGCO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AGCO stock intrinsic value calculation we used $8307 million for the last fiscal year's total revenue generated by AGCO. The default revenue input number comes from 2017 income statement of AGCO. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AGCO stock valuation model: a) initial revenue growth rate of 12.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.5%, whose default value for AGCO is calculated based on our internal credit rating of AGCO, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of AGCO.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AGCO stock the variable cost ratio is equal to 87.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $676 million in the base year in the intrinsic value calculation for AGCO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for AGCO.

Corporate tax rate of 27% is the nominal tax rate for AGCO. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AGCO stock is equal to 0.5%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AGCO are equal to 42.3%.

Life of production assets of 10 years is the average useful life of capital assets used in AGCO operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AGCO is equal to 11.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3030 million for AGCO - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 80 million for AGCO is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of AGCO at the current share price and the inputted number of shares is $4.7 billion.

RELATED COMPANIES Price Int.Val. Rating
ARTW Art's Way 2.89 1.00  str.sell
LNN Lindsay 93.61 32.18  str.sell

COMPANY NEWS

▶ AGCO Corp. - I'm Not Ready to Become a Buyer   [May-02-18 12:49PM  TheStreet.com]
▶ Agco: 1Q Earnings Snapshot   [08:03AM  Associated Press]
▶ AGCO Reports Improved First Quarter Results   [07:30AM  Business Wire]
▶ AGCO Announces Quarterly Dividend   [Apr-26-18 05:00PM  Business Wire]
▶ AGCO Power Celebrates its 75th Anniversary   [Apr-19-18 03:00AM  Business Wire]
▶ AGCOs Brands Win Red Dot Design Award 2018   [Apr-09-18 03:00AM  Business Wire]
▶ Company News For Feb 7, 2018   [09:13AM  Zacks]
▶ Agco misses 4Q profit forecasts   [08:01AM  Associated Press]
▶ AGCO Reports Fourth Quarter Results   [07:45AM  Business Wire]
▶ AGCO Announces Dividend Increase   [Jan-25-18 08:45PM  Business Wire]
▶ ETFs with exposure to AGCO Corp. : December 29, 2017   [Dec-29-17 11:26AM  Capital Cube]
▶ AGCO to Host Analyst Meeting   [Dec-04-17 04:15PM  Business Wire]
▶ Stocks Showing Improved Relative Strength: AGCO   [03:00AM  Investor's Business Daily]
▶ Agco beats Street 3Q forecasts   [Oct-31-17 07:55AM  Associated Press]
▶ AGCO Reports Third Quarter Results   [07:45AM  Business Wire]
▶ AGCO Gets Relative Strength Rating Upgrade   [03:00AM  Investor's Business Daily]
▶ AGCO Announces Quarterly Dividend   [Oct-26-17 02:30PM  Business Wire]
▶ Stocks to watch as NAFTA's future remains in doubt   [Oct-18-17 05:05PM  Reuters]
▶ Bank Of America Advises Selling AGCO Shares   [Oct-13-17 12:09PM  Benzinga]
▶ New Strong Buy Stocks for October 9th   [Oct-09-17 07:48AM  Zacks]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.