AGCO topped out
Printed From: Unofficial Allis
Category: Allis Chalmers
Forum Name: Farm Equipment
Forum Description: everything about Allis-Chalmers farm equipment
URL: https://www.allischalmers.com/forum/forum_posts.asp?TID=132606
Printed Date: 06 Nov 2025 at 12:22am
Software Version: Web Wiz Forums 11.10 - http://www.webwizforums.com
Topic: AGCO topped out
Posted By: EPALLIS
Subject: AGCO topped out
Date Posted: 13 Dec 2016 at 9:11pm
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I was reading the news tonight and stumbled on this. Apparently, AGCO has topped out. Jefferies downgraded AGCO Corporation (NYSE: AGCO) from Buy to Hold with a price target of $61.00 on valuation as the price target is reached. Analyst Stephen Volkmann commented, "AGCO has reached our price target and is trading at all time highs on P/E, EV/EBITDA and EV/Sales. While the company has managed costs exceptionally well this downturn, we believe cycle fundamentals remain mostly weak and find the shares fully valued at present. AGCO will provide updated guidance for 2017 at its annual analyst day in NYC Friday." |
Replies:
Posted By: JohnCO
Date Posted: 14 Dec 2016 at 11:42am
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I'm not surprised considering what a glut of grain there currently is in the world. Prices are down and farmers world wide are not buying anything they don't really need.
------------- "If at first you don't succeed, get a bigger hammer" Allis Express participant |
Posted By: GM Guy
Date Posted: 26 Dec 2016 at 10:04am
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Hopefully the stock will drop in price, and we can all start a mutual fund that exclusively buys Agco stock, and once we achieve a large enough percentage, we can get a seat on the board and threaten to short-sale the stock if they dont bring the orange tractor back. :) Far more effective plan than just complaining. :) I nominate Shameless for our representative on the board. :) ------------- Gleaner: the properly engineered and built combine. If you need parts for your Gleaner, we are parting out A's through L2's, so we may be able to help. |
Posted By: shameless (ne)
Date Posted: 26 Dec 2016 at 10:51am
| WooHoo...thanks! that would be fun! man....could we stir some chit! |
Posted By: Mike Plotner
Date Posted: 26 Dec 2016 at 7:08pm
I second! ------------- 2001 Gleaner R42, 1978 7060, 1977 7000, 1966 190 XT, 1966 D-17 Series IV and 1952 WD and more keep my farm running! |
GM Guy wrote:Posted By: Ted J
Date Posted: 27 Dec 2016 at 6:12am
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All in favor say Aye...... Motion passed unanimously.......... ------------- "Allis-Express" 19?? WC / 1941 C / 1952 CA / 1956 WD45 / 1957 WD45 / 1958 D-17 |
Posted By: Stan IL&TN
Date Posted: 27 Dec 2016 at 6:55am
Dale you can start by practicing them foreign languages they speak over there.  ------------- 1957 WD45 dad's first AC 1968 one-seventy 1956 F40 Ferguson |
Posted By: BenGiBoy
Date Posted: 27 Dec 2016 at 7:09am
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Aye! Lets git er done.... ------------- '39 Model B Tractors are cheaper than girls, remember that! |