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Sectors & IndustriesIndustrialsFarm & Heavy Construction Machinery
Best Agriculture Stocks to Buy Now (2024)
Top agriculture stocks in 2024 ranked by overall Zen Score. See the best agriculture stocks to buy now, according to analyst forecasts for the farm & heavy construction machinery industry.

Industry: Farm & Heavy Construction...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ASTE
ASTEC INDUSTRIES INC
NASDAQ
Farm & Heavy Construction Machinery
$802.24M$35.281.15%$62.20M45.23x0.69
CAT
CATERPILLAR INC
NYSE
Farm & Heavy Construction Machinery
$161.79B$317.141.08%$15.77B15.67x3.49
AGCO
AGCO CORP
NYSE
Farm & Heavy Construction Machinery
$8.07B$107.731.18%$1.85B6.98x1.61
REVG
REV GROUP INC
NYSE
Farm & Heavy Construction Machinery
$1.15B$19.290.99%$113.00M25.05x1.83
TEX
TEREX CORP
NYSE
Farm & Heavy Construction Machinery
$3.70B$55.271.12%$700.70M7.21x1.16
WNC
WABASH NATIONAL CORP
NYSE
Farm & Heavy Construction Machinery
$1.17B$25.29-0.63%$352.94M5.40x1.68
PCAR
PACCAR INC
NASDAQ
Farm & Heavy Construction Machinery
$56.93B$108.671.17%$7.14B12.38x1.57
OSK
OSHKOSH CORP
NYSE
Farm & Heavy Construction Machinery
$7.13B$109.020.71%$909.00M13.28x1.50
HY
HYSTER-YALE MATERIALS HANDLING INC
NYSE
Farm & Heavy Construction Machinery
$1.19B$69.351.60%$232.30M10.96x5.69
LNN
LINDSAY CORP
NYSE
Farm & Heavy Construction Machinery
$1.36B$122.980.15%$120.84M19.58x0.64
CMCO
COLUMBUS MCKINNON CORP
NASDAQ
Farm & Heavy Construction Machinery
$1.20B$41.841.65%$158.82M24.76x1.11
DE
DEERE & CO
NYSE
Farm & Heavy Construction Machinery
$100.13B$357.29-0.03%$17.49B10.27x3.77
ALG
ALAMO GROUP INC
NYSE
Farm & Heavy Construction Machinery
$2.58B$214.55-0.63%$245.81M19.11x0.64
CNHI
CNH INDUSTRIAL NV
NYSE
Farm & Heavy Construction Machinery
$20.33B$11.950.08%$4.78B6.79x4.37
TWI
TITAN INTERNATIONAL INC
NYSE
Farm & Heavy Construction Machinery
$881.31M$14.240.99%$200.98M7.23x1.90
MNTX
MANITEX INTERNATIONAL INC
NASDAQ
Farm & Heavy Construction Machinery
$127.58M$6.29-1.26%$24.02M44.93x2.84
GENC
GENCOR INDUSTRIES INC
NYSEMKT
Farm & Heavy Construction Machinery
$240.39M$16.400.61%$22.61M15.47x0.11
SHYF
SHYFT GROUP INC
NASDAQ
Farm & Heavy Construction Machinery
$377.19M$11.000.27%$54.67M13.41x1.09
LEV
LION ELECTRIC CO
NYSE
Farm & Heavy Construction Machinery
$382.55M$1.71-2.84%-$20.16M-7.43x1.10
NKLA
NIKOLA CORP
NASDAQ
Farm & Heavy Construction Machinery
$714.54M$0.70-0.42%-$920.88M-0.44x0.90
XOS
XOS INC
NASDAQ
Farm & Heavy Construction Machinery
$47.67M$8.040.63%-$76.18M-0.57x0.98
CEAD
CEA INDUSTRIES INC
NASDAQ
Farm & Heavy Construction Machinery
$4.20M$0.52-1.89%-$3.10M-1.33x0.11
IDEX
IDEANOMICS INC
NASDAQ
Farm & Heavy Construction Machinery
$12.45M$1.04-1.89%-$346.21M-0.02x7.80
ARTW
ARTS WAY MANUFACTURING CO INC
NASDAQ
Farm & Heavy Construction Machinery
$10.52M$2.10-1.41%$2.38MN/A1.15
UGRO
URBAN-GRO INC
NASDAQ
Farm & Heavy Construction Machinery
$29.70M$2.55-9.75%-$16.61M-1.53x1.43
MTW
MANITOWOC CO INC
NYSE
Farm & Heavy Construction Machinery
$476.45M$13.581.42%-$600.00k-4.96x1.95
HYFM
HYDROFARM HOLDINGS GROUP INC
NASDAQ
Farm & Heavy Construction Machinery
$41.09M$0.901.70%-$22.53M-0.48x0.72

Agriculture Stocks FAQ

What are the best agriculture stocks to buy right now in Feb 2024?

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

1. Astec Industries (NASDAQ:ASTE)


Astec Industries (NASDAQ:ASTE) 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 22 out of 38 due diligence checks and has strong fundamentals. Astec Industries has seen its stock lose -19.89% over the past year, underperforming other agriculture stocks by -22 percentage points.

Astec Industries has an average 1 year price target of $42.00, an upside of 19.05% from Astec Industries's current stock price of $35.28.

Astec Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Astec Industries, 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.

2. Caterpillar (NYSE:CAT)


Caterpillar (NYSE:CAT) is the second best agriculture stock with a Zen Score of 59, which is 20 points higher than the agriculture industry average of 39. It passed 22 out of 38 due diligence checks and has strong fundamentals. Caterpillar has seen its stock return 31.75% over the past year, overperforming other agriculture stocks by 30 percentage points.

Caterpillar has an average 1 year price target of $305.00, a downside of -3.83% from Caterpillar's current stock price of $317.14.

Caterpillar stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Caterpillar, 27.27% have issued a Strong Buy rating, 9.09% have issued a Buy, 54.55% have issued a hold, while 9.09% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Rev Group (NYSE:REVG)


Rev Group (NYSE:REVG) is the third best agriculture stock with a Zen Score of 58, which is 19 points higher than the agriculture industry average of 39. It passed 21 out of 38 due diligence checks and has strong fundamentals. Rev Group has seen its stock return 56.96% over the past year, overperforming other agriculture stocks by 55 percentage points.

Rev Group has an average 1 year price target of $20.00, an upside of 3.68% from Rev Group's current stock price of $19.29.

Rev Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Rev Group, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the agriculture stocks with highest dividends?

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

1. Rev Group (NYSE:REVG)


Rev Group (NYSE:REVG) has an annual dividend yield of 16.59%, which is 14 percentage points higher than the agriculture industry average of 2.94%. Rev Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Rev Group's dividend has shown consistent growth over the last 10 years.

Rev Group's dividend payout ratio of 26% indicates that its high dividend yield is sustainable for the long-term.

2. Agco (NYSE:AGCO)


Agco (NYSE:AGCO) has an annual dividend yield of 5.72%, which is 3 percentage points higher than the agriculture industry average of 2.94%. Agco's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Agco's dividend has shown consistent growth over the last 10 years.

Agco's dividend payout ratio of 39.3% indicates that its high dividend yield is sustainable for the long-term.

3. Paccar (NASDAQ:PCAR)


Paccar (NASDAQ:PCAR) has an annual dividend yield of 3.92%, which is 1 percentage points higher than the agriculture industry average of 2.94%. Paccar's dividend payout is not stable, having dropped more than 10% ten times in the last 10 years. Paccar's dividend has shown consistent growth over the last 10 years.

Paccar's dividend payout ratio of 48.5% indicates that its dividend yield is sustainable for the long-term.

Why are agriculture stocks up?

Agriculture stocks were up 0.5% in the last day, and down -2.53% over the last week.

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

What are the most undervalued agriculture stocks?

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

1. Titan International (NYSE:TWI)


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

Titan International's stock has dropped -5.88% in the past year. It has underperformed other stocks in the agriculture industry by -8 percentage points.

2. Columbus Mckinnon (NASDAQ:CMCO)


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 36 points higher than the agriculture industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Columbus Mckinnon's stock has gained 15.26% in the past year. It has overperformed other stocks in the agriculture industry by 13 percentage points.

3. Wabash National (NYSE:WNC)


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

Wabash National's stock has dropped -7.53% in the past year. It has underperformed other stocks in the agriculture industry by -9 percentage points.

Are agriculture stocks a good buy now?

40.91% of agriculture stocks rated by analysts are a buy right now. On average, analysts expect agriculture stocks to rise by 9.52% over the next year.

What is the average p/e ratio of the farm & heavy construction machinery industry?

The average P/E ratio of the farm & heavy construction machinery industry is 12.91x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.