Agco CorporationAGCOCOMMENTFeb 24, 2025Stock price when the opinion was issued
As of Jun 09, 2026. Market Open.
Farm equipment manufacturer. Smaller competitor to DE, which he also owns. Trades around 9x next year's expected earnings. Reasonable debt. Expanding footprint. 58% of revenue comes from Europe, and this has weighed on stock, but it will pass. Farm prices are rising. Tech-enhanced equipment increases crop yields. Yield is 0.81%.
(Analysts’ price target is $154.17)
Agriculture has been struggling from geopolitical worries, low prices for key crops and high interest rates. They reported a revenue miss and earnings miss this month, but trimmed costs with a mixed forecast.