Sectors & Industries IndustrialsFarm & 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...

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue

Ticker	Company	Market Cap	Revenue	EBITDA	Earnings	EPS	Revenue Growth Y/Y	Revenue Growth 5Y	Earnings Growth Y/Y	Earnings Growth 5Y	Earnings Date
WNC	WABASH NATIONAL CORP	$1.02B	$2.43B	$321.77M	$198.21M	$4.25	-5.65%	1.03%	35.35%	30.80%	2024-05-22
AGCO	AGCO CORP	$8.37B	$14.41B	$1.69B	$1.17B	$15.66	13.92%	9.04%	31.38%	34.03%	2024-05-02
CAT	CATERPILLAR INC	$161.98B	$67.00B	$16.67B	$11.25B	$22.26	8.59%	3.90%	63.68%	15.35%	2024-06-12
ASTE	ASTEC INDUSTRIES INC	$768.04M	$1.34B	$77.10M	$33.50M	$1.47	5.00%	2.69%	N/A	N/A
HY	HYSTER-YALE MATERIALS HANDLING INC	$1.01B	$4.12B	$261.20M	$125.90M	$7.35	16.06%	5.31%	N/A	28.47%	2024-05-08
TEX	TEREX CORP	$3.75B	$5.21B	$704.20M	$514.00M	$7.63	11.98%	2.80%	43.69%	N/A	2024-05-23
PCAR	PACCAR INC	$55.71B	$35.13B	$7.14B	$4.60B	$8.78	21.89%	8.38%	52.43%	16.07%
REVG	REV GROUP INC	$1.13B	$2.64B	$375.00M	$241.50M	$4.08	11.03%	2.05%	13,500.00%	N/A	2024-06-06
LNN	LINDSAY CORP	$1.29B	$644.56M	$118.04M	$69.25M	$6.28	-13.70%	4.63%	-12.90%	39.01%	2024-06-27
OSK	OSHKOSH CORP	$7.38B	$9.93B	$1.15B	$688.90M	$10.53	15.45%	4.36%	162.59%	6.97%	2024-05-07
ALG	ALAMO GROUP INC	$2.33B	$1.69B	$249.19M	$136.16M	$11.42	11.63%	10.87%	33.10%	12.63%	2024-05-03
DE	DEERE & CO	$107.86B	$60.79B	$17.57B	$9.96B	$34.50	9.21%	9.60%	27.40%	26.72%	2024-05-16
CNHI	CNH INDUSTRIAL NV	$18.44B	$24.69B	$4.87B	$2.37B	$1.78	4.82%	-3.63%	18.67%	17.64%	2024-05-03
LEV	LION ELECTRIC CO	$210.29M	$253.50M	-$59.80M	-$103.77M	-$0.46	81.18%	72.45%	N/A	N/A	2024-05-15
GENC	GENCOR INDUSTRIES INC	$255.19M	$105.27M	$22.61M	$15.52M	$1.06	-3.60%	1.69%	360.87%	7.45%	2024-05-10
TWI	TITAN INTERNATIONAL INC	$813.97M	$1.76B	$139.08M	$56.12M	$0.90	-18.81%	2.03%	-69.39%	N/A	2024-06-13
XOS	XOS INC	$58.13M	$44.52M	-$70.94M	-$75.84M	-$13.11	22.40%	170.40%	N/A	N/A	2024-05-15
MNTX	MANITEX INTERNATIONAL INC	$105.42M	$291.39M	$24.16M	$7.36M	$0.36	6.40%	3.78%	N/A	N/A	2024-06-25
CMCO	COLUMBUS MCKINNON CORP	$1.19B	$1.00B	$158.82M	$48.71M	$1.69	7.07%	2.78%	4.32%	4.59%	2024-05-23
MTW	MANITOWOC CO INC	$415.90M	$2.23B	$137.90M	$39.20M	$1.12	9.61%	3.82%	N/A	N/A	2024-05-08
NKLA	NIKOLA CORP	$806.71M	$35.84M	-$854.36M	-$966.28M	-$1.21	-27.93%	190.58%	N/A	N/A	2024-06-05
CEAD	CEA INDUSTRIES INC	$5.57M	$6.91M	-$2.81M	-$2.91M	-$0.36	-38.75%	-6.33%	N/A	N/A	2024-05-13
SHYF	SHYFT GROUP INC	$369.18M	$826.65M	$19.16M	$117.00k	$0.00	-22.29%	7.73%	-100.00%	-100.00%	2024-05-15
UGRO	URBAN-GRO INC	$22.91M	$70.32M	-$13.91M	-$15.68M	-$1.34	12.08%	25.67%	N/A	N/A	2024-06-19
ARTW	ARTS WAY MANUFACTURING CO INC	$9.52M	$29.70M	$1.04M	-$540.28k	-$0.11	4.38%	9.95%	N/A	N/A
IDEX	IDEANOMICS INC	$11.71M	$36.48M	-$346.21M	-$357.72M	-$61.35	-48.21%	-38.07%	N/A	N/A
HYFM	HYDROFARM HOLDINGS GROUP INC	$40.80M	$226.58M	-$7.57M	-$64.81M	-$1.42	-34.23%	1.36%	N/A	N/A	2024-06-06

Agriculture Stocks FAQ

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

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

1. Wabash National (NYSE:WNC)

Wabash National (NYSE:WNC) is the top agriculture stock with a Zen Score of 61, which is 23 points higher than the agriculture industry average of 38. It passed 22 out of 38 due diligence checks and has strong fundamentals. Wabash National has seen its stock lose -11.78% over the past year, underperforming other agriculture stocks by -23 percentage points.

2. Agco (NYSE:AGCO)

Agco (NYSE:AGCO) is the second best agriculture stock with a Zen Score of 58, which is 20 points higher than the agriculture industry average of 38. It passed 21 out of 38 due diligence checks and has strong fundamentals. Agco has seen its stock lose -10.02% over the past year, underperforming other agriculture stocks by -21 percentage points.

Agco has an average 1 year price target of $148.80, an upside of 32.69% from Agco's current stock price of $112.14.

Agco stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Agco, 80% have issued a Strong Buy rating, 20% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Caterpillar (NYSE:CAT)

Caterpillar (NYSE:CAT) is the third best agriculture stock with a Zen Score of 57, which is 19 points higher than the agriculture industry average of 38. It passed 21 out of 38 due diligence checks and has strong fundamentals. Caterpillar has seen its stock return 52.38% over the past year, overperforming other agriculture stocks by 41 percentage points.

Caterpillar has an average 1 year price target of $334.85, an upside of 1.14% from Caterpillar's current stock price of $331.07.

Caterpillar stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Caterpillar, 30.77% have issued a Strong Buy rating, 7.69% have issued a Buy, 53.85% have issued a hold, while 7.69% 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. Cnh Industrial Nv (NYSE:CNHI)

Cnh Industrial Nv (NYSE:CNHI) has an annual dividend yield of N/A, which is N/A percentage points lower than the agriculture industry average of 2.8%. Cnh Industrial Nv's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Cnh Industrial Nv's dividend has shown consistent growth over the last 10 years.

Cnh Industrial Nv's dividend payout ratio of 22.4% indicates that its dividend yield is sustainable for the long-term.

2. Rev Group (NYSE:REVG)

Rev Group (NYSE:REVG) has an annual dividend yield of 14.61%, which is 12 percentage points higher than the agriculture industry average of 2.8%. Rev Group's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Rev Group's dividend has not shown consistent growth over the last 10 years.

Rev Group's dividend payout ratio of 78.4% indicates that its high dividend yield is sustainable for the long-term.

3. Agco (NYSE:AGCO)

Agco (NYSE:AGCO) has an annual dividend yield of 5.49%, which is 3 percentage points higher than the agriculture industry average of 2.8%. 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.

Why are agriculture stocks down?

Agriculture stocks were down -1.06% in the last day, and down -5.28% over the last week. Astec Industries was the among the top losers in the farm & heavy construction machinery industry, dropping -19.21% yesterday.

Astec Industries shares are trading lower following worse-than-expected Q1 financial results.

What are the most undervalued agriculture stocks?

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

1. Hyster Yale Materials Handling (NYSE:HY)

Hyster Yale Materials Handling (NYSE:HY) is the most undervalued agriculture stock based on WallStreetZen's Valuation Score. Hyster Yale Materials Handling has a valuation score of 71, which is 39 points higher than the agriculture industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Hyster Yale Materials Handling's stock has gained 5.15% in the past year. It has underperformed other stocks in the agriculture industry by -6 percentage points.

2. Wabash National (NYSE:WNC)

Wabash National (NYSE:WNC) is the second most undervalued agriculture stock based on WallStreetZen's Valuation Score. Wabash National has a valuation score of 71, which is 39 points higher than the agriculture industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Wabash National's stock has dropped -11.78% in the past year. It has underperformed other stocks in the agriculture industry by -23 percentage points.

3. Cnh Industrial Nv (NYSE:CNHI)

Cnh Industrial Nv (NYSE:CNHI) is the third most undervalued agriculture stock based on WallStreetZen's Valuation Score. Cnh Industrial Nv has a valuation score of 57, which is 25 points higher than the agriculture industry average of 32. It passed 4 out of 7 valuation due diligence checks.

Cnh Industrial Nv's stock has dropped -19.65% in the past year. It has underperformed other stocks in the agriculture industry by -31 percentage points.

Are agriculture stocks a good buy now?

40% of agriculture stocks rated by analysts are a strong buy right now. On average, analysts expect agriculture stocks to rise by 14.12% 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 12.6x.

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.