Sectors & IndustriesBasic MaterialsAgricultural Inputs

Best Agricultural Input Stocks to Buy Now (2023)

Top agricultural input stocks in 2023 ranked by overall Zen Score. See the best agricultural input stocks to buy now, according to analyst forecasts for the agricultural inputs industry.

According to Zen Score, the 3 best agricultural input stocks to buy right now are:

Cf Industries Holdings (NYSE:CF) is the top agricultural input stock with a Zen Score of 68, which is 27 points higher than the agricultural input industry average of 41. It passed 26 out of 38 due diligence checks and has strong fundamentals. Cf Industries Holdings has seen its stock lose -35.48% over the past year, overperforming other agricultural input stocks by 2 percentage points.

Cf Industries Holdings has an average 1 year price target of $94.27, an upside of 49.84% from Cf Industries Holdings's current stock price of $62.91.

Cf Industries Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Cf Industries Holdings, 33.33% have issued a Strong Buy rating, 26.67% have issued a Buy, 33.33% have issued a hold, while 6.67% have issued a Sell rating, and 0% have issued a Strong Sell.

Mosaic Co (NYSE:MOS) is the second best agricultural input stock with a Zen Score of 63, which is 22 points higher than the agricultural input industry average of 41. It passed 25 out of 38 due diligence checks and has strong fundamentals. Mosaic Co has seen its stock lose -44.96% over the past year, underperforming other agricultural input stocks by -7 percentage points.

Mosaic Co has an average 1 year price target of $47.06, an upside of 42.26% from Mosaic Co's current stock price of $33.08.

Mosaic Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 17 analysts covering Mosaic Co, 17.65% have issued a Strong Buy rating, 0% have issued a Buy, 64.71% have issued a hold, while 17.65% have issued a Sell rating, and 0% have issued a Strong Sell.

Nutrien (NYSE:NTR) is the third best agricultural input stock with a Zen Score of 59, which is 18 points higher than the agricultural input industry average of 41. It passed 22 out of 38 due diligence checks and has strong fundamentals. Nutrien has seen its stock lose -42.86% over the past year, underperforming other agricultural input stocks by -5 percentage points.

Nutrien has an average 1 year price target of $83.71, an upside of 52.78% from Nutrien's current stock price of $54.79.

Nutrien stock has a consensus Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Nutrien, 29.41% have issued a Strong Buy rating, 29.41% have issued a Buy, 35.29% have issued a hold, while 5.88% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 9 agricultural input stocks that have issued dividends in the past year, the 3 agricultural input stocks with the highest dividend yields are:

Cvr Partners (NYSE:UAN) has an annual dividend yield of 41.93%, which is 34 percentage points higher than the agricultural input industry average of 7.95%. Cvr Partners's dividend payout is not stable, having dropped more than 10% twelve times in the last 10 years. Cvr Partners's dividend has shown consistent growth over the last 10 years.

Cvr Partners's dividend payout ratio of 88.1% indicates that its high dividend yield is sustainable for the long-term.

Icl Group (NYSE:ICL) has an annual dividend yield of 12.59%, which is 5 percentage points higher than the agricultural input industry average of 7.95%. Icl Group's dividend payout is not stable, having dropped more than 10% twelve times in the last 10 years. Icl Group's dividend has not shown consistent growth over the last 10 years.

Icl Group's dividend payout ratio of 64.7% indicates that its high dividend yield is sustainable for the long-term.

Scotts Miracle Gro Co (NYSE:SMG) has an annual dividend yield of 3.96%, which is -4 percentage points lower than the agricultural input industry average of 7.95%. Scotts Miracle Gro Co's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Scotts Miracle Gro Co's dividend has shown consistent growth over the last 10 years.

Scotts Miracle Gro Co's dividend payout ratio of -23.6% indicates that its dividend yield might not be sustainable for the long-term.

Agricultural input stocks were up 2.84% in the last day, and up 1.21% over the last week. Scotts Miracle Gro Co was the among the top gainers in the agricultural inputs industry, gaining 4.9% yesterday.

Shares of chemical companies are trading higher amid overall market strength on renewed economic optimism following US Senate passage of a debt limit bill and strong US jobs data.

Based on WallStreetZen's Valuation Score, the 3 most undervalued agricultural input stocks right now are:

Intrepid Potash (NYSE:IPI) is the most undervalued agricultural input stock based on WallStreetZen's Valuation Score. Intrepid Potash has a valuation score of 71, which is 31 points higher than the agricultural input industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Intrepid Potash's stock has dropped -70.51% in the past year. It has underperformed other stocks in the agricultural input industry by -33 percentage points.

Mosaic Co (NYSE:MOS) is the second most undervalued agricultural input stock based on WallStreetZen's Valuation Score. Mosaic Co has a valuation score of 71, which is 31 points higher than the agricultural input industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Mosaic Co's stock has dropped -44.96% in the past year. It has underperformed other stocks in the agricultural input industry by -7 percentage points.

Nutrien (NYSE:NTR) is the third most undervalued agricultural input stock based on WallStreetZen's Valuation Score. Nutrien has a valuation score of 71, which is 31 points higher than the agricultural input industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Nutrien's stock has dropped -42.86% in the past year. It has underperformed other stocks in the agricultural input industry by -5 percentage points.