NEW YORK, January 31, 2017 /PRNewswire/ --
Farm and Construction Machinery companies design, build, and sell equipment and machinery for agricultural, mining, oilfield, and forestry uses. Many of these firms also provide financial services to those who want to lease or rent their equipment. Ahead of today's trading session, Stock-Callers.com monitors these four stocks: Caterpillar Inc. (NYSE: CAT), Terex Corp. (NYSE: TEX), AGCO Corp. (NYSE: AGCO), and Titan International Inc. (NYSE: TWI). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
On Monday, shares in Peoria, Illinois headquartered Caterpillar Inc. recorded a trading volume of 5.22 million shares, which was above their three months average volume of 4.88 million shares. The stock ended the session 2.22% lower at $96.79. The Company's shares have gained 4.77% in the last one month, 17.57% over the previous three months, and 5.23% since the start of this year. The stock is trading 3.16% above its 50-day moving average and 17.39% above its 200-day moving average. Moreover, shares of Caterpillar, which manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide, have a Relative Strength Index (RSI) of 58.34.
On January 26th, 2017, Caterpillar reported that sales and revenues in Q4 2016 were $9.6 billion, down from $11.0 billion in Q4 2015. The Company reported a loss of $2.00 per share for Q4 2016, compared to a loss of $0.16 per share in Q4 2015. Caterpillar's full year 2016 sales totaled $38.5 billion, down from $47.0 billion in full year 2015.
On January 27th, 2017, research firm Wells Fargo upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. Visit us today and access our complete research report on CAT at:
Westport, Connecticut-based Terex Corp.'s stock closed the day 3.99% lower at $31.79. A total volume of 1.39 million shares, which was higher than their three months average volume of 1.28 million shares. The Company's shares have advanced 34.93% in the previous three months and 0.82% on an YTD basis. The stock is trading 1.79% and 25.99% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Terex, which operates as a lifting and material handling solutions company, have an RSI of 50.51.
On January 23rd, 2017, Manitex International announced that its Board of Directors is considering strategic alternatives for A.S.V., LLC, its joint venture with Terex Corporation. ASV is a manufacturer of high quality compact rubber tracked and skid steer loaders. Prior to the formation of the joint venture, ASV was a wholly owned subsidiary of Terex Corporation. The complimentary report on TEX can be downloaded at:
Shares in Duluth, Georgia headquartered AGCO Corp. recorded a trading volume of 984,891 shares, which was higher than their three months average volume of 895,570 shares. The stock ended yesterday's trading session 0.57% lower at $63.10. The Company's shares have advanced 8.61% in the past month, 26.47% in the previous three months, and 9.06% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.58% and 21.41%, respectively. Furthermore, shares of AGCO, which manufactures and distributes agricultural equipment and related replacement parts worldwide, have an RSI of 69.82.
On January 24th, 2017, research firm Berenberg initiated a 'Buy' rating on the Company's stock, with a target price of $72 per share.
On January 26th, 2017, AGCO announced that it has increased its quarterly dividend to $0.14 per outstanding share, up $0.01 from $0.13 per outstanding share paid last quarter. Payment will be made on March 15th, 2017 to all stockholders of record as of the close of business on February 15th, 2017. Register for free on Stock-Callers.com and access the latest research report on AGCO at:
Quincy, Illinois-based Titan International Inc.'s stock finished Monday's session 0.30% higher at $13.21. A total volume of 610,776 shares was traded, which was above their three months average volume of 517,670 shares. The Company's shares have advanced 12.52% in the last one month, 29.44% over the previous three months, and 17.84% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 16.36% and 49.81%, respectively. Additionally, shares of Titan International, which together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the US and internationally, have an RSI of 73.17.
On January 17th, 2017, Titan announced the conversion of 97.1% of the principal balance of its 5.625% convertible senior subordinated notes, which matured on January 15th, 2017. Prior to maturity, $60,161,000 in aggregate principal amount of the Notes was outstanding, of which, holders of $58,460,000 in aggregate principal amount of the Notes, converted their Notes into shares of Titan's common stock. Get free access to your research report on TWI at:
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