AGCO Corp AGCO

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AGCO Corporation is a designer, manufacturer and distributor of agricultural machinery and precision agriculture technology. 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. It provides telemetry-based fleet management tools, including remote monitoring and diagnostics, which help farmers improve uptime, machine and yield optimization, mixed fleet optimization and decision support. The Company's Precision Planting, Headsight and Intelligent Ag Solutions brands provide retrofit solutions to upgrade farmers existing equipment to improve their planting, liquid application and harvest operations. The Company’s Precision Planting, Headsight, JCA and Intelligent Ag Solutions brands also sell precision agriculture solutions around the crop cycle to third party original equipment manufacturers (OEMs).

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AGCO Corp > Gordon Reid -BNN - TOP PICK

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Comment by Possibleidiot01on Mar 16, 2023 2:32pm

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Post# 35343158

RE:Gordon Reid -BNN - TOP PICK

TOP PICK

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)

machinery

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