Stock Picks: Agriculture Equipment Maker: Agco Corp (AGCO)

March 21, 2022, 11:52 am EDT

Agriculture Equipment Maker: Agco Corp (AGCO)

While the Russia-Ukraine war is getting intensified, the disaster is not limited to a region or certain people only. Food shortage and tight supply are going to spread to the rest of the world. This is the main reason we favor agriculture-related stocks in fertilizers, seed producers, and agriculture equipment. Recently, we mentioned it in our article: 

All of the above stocks are strong. We like to pick AGCO for its consistent growth and valuation:

  • EPS % Change (last quarter): 100%
  • Sales % Change (last quarter): 16%
  • PE Ratio: 13
  • Market Cap: 10 billion

Technically, AGCO presents a breakout +4.5% today from a cup pattern. It is an ideal candidate to consider for a watchlist or portfolio. 

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