Sectors & IndustriesIndustrialsFarm & Heavy Construction Machinery

Best Agriculture Stocks to Buy Now (2023)

Top agriculture stocks in 2023 ranked by overall Zen Score. See the best agriculture stocks to buy now, according to analyst forecasts for the farm & heavy construction machinery industry.

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

Terex (NYSE:TEX) is the top agriculture stock with a Zen Score of 61, which is 22 points higher than the agriculture industry average of 39. It passed 23 out of 38 due diligence checks and has strong fundamentals. Terex has seen its stock return 16.75% over the past year, overperforming other agriculture stocks by 11 percentage points.

Terex has an average 1 year price target of $50.39, an upside of 1.5% from Terex's current stock price of $49.64.

Terex stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Terex, 61.54% have issued a Strong Buy rating, 0% have issued a Buy, 38.46% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Agco (NYSE:AGCO) is the second best agriculture stock with a Zen Score of 54, which is 15 points higher than the agriculture industry average of 39. It passed 20 out of 38 due diligence checks and has strong fundamentals. Agco has seen its stock return 19.51% over the past year, overperforming other agriculture stocks by 14 percentage points.

Agco has an average 1 year price target of $153.82, an upside of 10.6% from Agco's current stock price of $139.07.

Agco stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Agco, 45.45% have issued a Strong Buy rating, 27.27% have issued a Buy, 27.27% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Lightning Emotors (NYSE:ZEV) is the third best agriculture stock with a Zen Score of 52, which is 13 points higher than the agriculture industry average of 39. It passed 17 out of 33 due diligence checks and has strong fundamentals. Lightning Emotors has seen its stock lose -83.17% over the past year, underperforming other agriculture stocks by -89 percentage points.

Lightning Emotors has an average 1 year price target of $8.00, an upside of 937.61% from Lightning Emotors's current stock price of $0.77.

Lightning Emotors stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Lightning Emotors, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 15 agriculture stocks that have issued dividends in the past year, the 3 agriculture stocks with the highest dividend yields are:

Hyster Yale Materials Handling (NYSE:HY) has an annual dividend yield of 4.05%, which is 2 percentage points higher than the agriculture industry average of 1.74%. Hyster Yale Materials Handling's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Hyster Yale Materials Handling's dividend has shown consistent growth over the last 10 years.

Hyster Yale Materials Handling's dividend payout ratio of -11.8% indicates that its dividend yield might not be sustainable for the long-term.

Agco (NYSE:AGCO) has an annual dividend yield of 3.9%, which is 2 percentage points higher than the agriculture industry average of 1.74%. Agco's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Agco's dividend has shown consistent growth over the last 10 years.

Agco's dividend payout ratio of 47.3% indicates that its dividend yield is sustainable for the long-term.

Paccar (NASDAQ:PCAR) has an annual dividend yield of 3.73%, which is 2 percentage points higher than the agriculture industry average of 1.74%. Paccar's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Paccar's dividend has shown consistent growth over the last 10 years.

Paccar's dividend payout ratio of 38.3% indicates that its dividend yield is sustainable for the long-term.

Agriculture stocks were up 1.37% in the last day, and up 5.78% over the last week.

We couldn't find a catalyst for why agriculture stocks are up.

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

Cnh Industrial Nv (NYSE:CNHI) is the most undervalued agriculture stock based on WallStreetZen's Valuation Score. Cnh Industrial Nv has a valuation score of 71, which is 35 points higher than the agriculture industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Cnh Industrial Nv's stock has gained 14.81% in the past year. It has overperformed other stocks in the agriculture industry by 9 percentage points.

Columbus Mckinnon (NASDAQ:CMCO) is the second most undervalued agriculture stock based on WallStreetZen's Valuation Score. Columbus Mckinnon has a valuation score of 71, which is 35 points higher than the agriculture industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Columbus Mckinnon's stock has dropped -20.86% in the past year. It has underperformed other stocks in the agriculture industry by -26 percentage points.

Titan International (NYSE:TWI) is the third most undervalued agriculture stock based on WallStreetZen's Valuation Score. Titan International has a valuation score of 71, which is 35 points higher than the agriculture industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Titan International's stock has gained 67.85% in the past year. It has overperformed other stocks in the agriculture industry by 62 percentage points.