In today’s session AGCO Corporation (AGCO) registered an unusually high (526) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious AGCO increase. With 526 contracts traded and 29014 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: AGCO170120C00055000 closed last at: $1.3 or 23.8% up. About 147,214 shares traded hands. AGCO Corporation (NYSE:AGCO) has risen 6.72% since April 12, 2016 and is uptrending. It has outperformed by 1.74% the S&P500.
AGCO Corporation (NYSE:AGCO) Ratings Coverage
Out of 12 analysts covering Agco Corporation (NYSE:AGCO), 1 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 8% are positive. $54 is the highest target while $39 is the lowest. The $47.82 average target is -9.76% below today’s ($52.99) stock price. Agco Corporation has been the topic of 24 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Thursday, July 30 by Vertical Research. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, February 3. The stock of AGCO Corporation (NYSE:AGCO) has “Underperform” rating given on Friday, October 2 by Bank of America. The firm has “Neutral” rating by Bank of America given on Friday, September 25. The stock has “Outperform” rating given by Wells Fargo on Monday, October 10. RBC Capital Markets maintained the shares of AGCO in a report on Wednesday, December 16 with “Sector Perform” rating. JP Morgan downgraded AGCO Corporation (NYSE:AGCO) on Monday, June 27 to “Underweight” rating. UBS downgraded AGCO Corporation (NYSE:AGCO) on Thursday, October 1 to “Sell” rating. The firm has “Neutral” rating given on Monday, August 24 by Piper Jaffray. The firm earned “Equal-Weight” rating on Wednesday, October 12 by Barclays Capital.
According to Zacks Investment Research, “AGCO CORP. is engaged in the manufacturer and distribution of farm equipment, machinery and replacement parts in the United States and Canada. Products include tractors, combines, hay tools and forage equipment and implements.”
Insitutional Activity: The institutional sentiment decreased to 0.61 in Q2 2016. Its down 0.13, from 0.74 in 2016Q1. The ratio dived, as 49 funds sold all AGCO Corporation shares owned while 133 reduced positions. 20 funds bought stakes while 91 increased positions. They now own 70.87 million shares or 7.82% less from 76.88 million shares in 2016Q1.
Tower Research Cap (Trc) holds 7,799 shares or 0.04% of its portfolio. State Board Of Administration Of Florida Retirement Systems, a Florida-based fund reported 114,581 shares. Old Mutual Customised Solutions (Proprietary) Limited holds 5,100 shares or 0.06% of its portfolio. Moreover, Boston Advsr Limited Com has 0.01% invested in AGCO Corporation (NYSE:AGCO) for 5,117 shares. Us Commercial Bank De accumulated 7,447 shares or 0% of the stock. Fjarde Ap last reported 19,263 shares in the company. Moreover, Oakworth Cap Inc has 0.01% invested in AGCO Corporation (NYSE:AGCO) for 268 shares. Meeder Asset Management has 0.04% invested in the company for 8,110 shares. Hsbc Hldg Public Limited Liability Com last reported 0.01% of its portfolio in the stock. Gp Inc last reported 137,371 shares in the company. Sumitomo Mitsui Hldgs reported 198,404 shares or 0.02% of all its holdings. Moreover, Bluestein R H & has 0.02% invested in AGCO Corporation (NYSE:AGCO) for 5,000 shares. Fulton Bancshares Na last reported 9,802 shares in the company. Marco Mngmt Ltd Liability Corporation has 66,900 shares for 0.59% of their US portfolio. Blackrock Group Inc Ltd has 0.01% invested in the company for 314,329 shares.
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 2 insider sales for $277,113 net activity. COLLAR GARY L also sold $263,620 worth of AGCO Corporation (NYSE:AGCO) on Monday, May 23. Veltmaat Hans Bernd had sold 283 shares worth $13,493.
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The company has a market cap of $4.28 billion. The Firm sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. It has a 27.43 P/E ratio. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific.
AGCO Company Profile
AGCO Corporation, incorporated on April 22, 1991, is a maker and distributor of agricultural equipment and related replacement parts around the world. The Firm sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific. The Company’s Chinese harvesting business operates within the Asia/Pacific segment. The former sprayer reporting unit operates within the North American segment. The Company’s products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. It also provides retail financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
Another recent and important AGCO Corporation (NYSE:AGCO) news was published by Nasdaq.com which published an article titled: “AGCO Corporation (AGCO) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016.
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