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Bullboard - Stock Discussion Forum AGCO Corp AGCO

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... see more

NYSE:AGCO - Post Discussion

AGCO Corp > Gordon Reid -BNN - TOP PICK
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Post by Possibleidiot01 on Mar 16, 2023 2:26pm

Gordon Reid -BNN - TOP PICK

If you like Deere.

AGCO (AGCO NYSE)

Latest Purchase March 2023 at $142

Favourable agriculture prices and farm economics are supporting robust demand for farm equipment. AGCO, like its competitors, is working through supply chain issues, focussing on higher margin products, expanding its geographic footprint and using the benefits of precision farming to incent buyers. At 9x forward EPS AGCO is a buy.

Comment by Possibleidiot01 on Mar 16, 2023 2:32pm
TOP PICK Agco Corporation(AGCO-N) 16/03/2023     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 ...more