Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Trading partners AGCO Corporation (AGCO - Analyst Report) and SHI International Corp., in association with Ariba, have formulated a single and centralized e-commerce platform to simplify business transactions. Both the companies will be able to boost their performance and profitability with this new arrangement.

SHI, a global provider of technology products and services, will share its ideas for success at Ariba Live, which starts on May 6 and will continue for three days. This business and commerce related event will be held at the Gaylord National Resort and Conference Center in Washington, D.C.

AGCO, a leading manufacturer of agricultural equipment, has been facing problems regarding multiple ERP systems and lack of standard process in the course of its dealings. On the other hand, SHI started connecting with its customers electronically in an effort to rationalize the purchasing process for them.

Ariba, an SAP company, helped them to overcome their challenges. Utilizing the Ariba Network along with its cloud-based applications, SHI set up an efficient system for online ordering and e-invoicing to meet AGCO’s needs. The technology enables AGCO to save time and resources and support it to manage contracts, supplier and invoice. Ariba Network increased spending visibility, resulting in more savings opportunities for AGCO.

Duluth, GA-based AGCO will enhance its presence in the Commonwealth of Independent States (CIS), China and Africa through investing in new products, including upgraded harvesting, high horsepower tractor and sprayer offerings.

AGCO has planned to spend in manufacturing facilities in 2013, ensuring the improvement in productivity and growth. In addition, the Marktoberdorf plant in Germany will augment both production capacity and efficiency of the company.

AGCO currently retains a short-term Zacks Rank #3 (Hold).

Alamo Group, Inc. (ALG - Snapshot Report), CNH Global NV and Deere & Company (DE - Analyst Report) also belong to the machinery and farming industry. Each of them holds a Zacks Rank #2 (Buy).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
BITAUTO HOLD BITA 35.33 +14.82%
ANI PHARMACE ANIP 24.79 +14.66%
E HOUSECHINA EJ 10.99 +9.24%
CANADIAN SOL CSIQ 26.97 +7.15%
INTERNATIONA ICAGY 33.30 +5.38%