AGCO stock saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 96.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
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Is AGCO Stock A Buy?
AGCO stock is currently forming a consolidation, with a 158.72 buy point. Look for the stock to break out in heavy trade at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The agriculture machinery stock has a 95 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company reported 100% earnings growth. Revenue growth climbed 16%, up from 9% in the prior report. That marks one quarter of increasing revenue gains.
AGCO stock earns the No. 1 rank among its peers in the Machinery-Farm industry group. Deere & Company and Alamo are also among the group's highest-rated stocks.
