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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...
OverviewZen Score
PriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
WNC
WABASH NATIONAL CORP
61
71
86
0
70
80
CAT
CATERPILLAR INC
59
14
86
56
60
80
AGCO
AGCO CORP
58
43
86
11
70
80
HY
HYSTER-YALE MATERIALS HANDLING INC
57
71
71
11
50
80
TEX
TEREX CORP
56
43
86
11
80
60

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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Agriculture Stocks FAQ

What are the best agriculture stocks to buy right now in Apr 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 return 8.21% over the past year, underperforming other agriculture stocks by -9 percentage points.

Wabash National has an average 1 year price target of $23.00, a downside of -4.17% from Wabash National's current stock price of $24.00.

Wabash National stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Wabash National, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% 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 21 points higher than the agriculture industry average of 38. It passed 22 out of 38 due diligence checks and has strong fundamentals. Caterpillar has seen its stock return 54.6% over the past year, overperforming other agriculture stocks by 38 percentage points.

Caterpillar has an average 1 year price target of $320.50, a downside of -5.18% from Caterpillar's current stock price of $338.00.

Caterpillar stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Caterpillar, 33.33% have issued a Strong Buy rating, 8.33% have issued a Buy, 50% have issued a hold, while 8.33% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Agco (NYSE:AGCO)


Agco (NYSE:AGCO) is the third 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 -4.31% 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 26.46% from Agco's current stock price of $117.67.

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.

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 2.72%. Cnh Industrial Nv's dividend payout is not stable, having dropped more than 10% four 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 14.71%, which is 12 percentage points higher than the agriculture industry average of 2.72%. 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 5.23%, which is 3 percentage points higher than the agriculture industry average of 2.72%. 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 -2.18% in the last day, and down -1.61% over the last week. Caterpillar was the among the top losers in the farm & heavy construction machinery industry, dropping -7.02% yesterday.

Caterpillar shares are trading lower after the company reported better-than-expected Q1 EPS but missed revenue estimates.

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 37 points higher than the agriculture industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Titan International's stock has gained 19.03% in the past year. It has overperformed other stocks in the agriculture industry by 2 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 37 points higher than the agriculture industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Wabash National's stock has gained 8.21% in the past year. It has underperformed other stocks in the agriculture industry by -9 percentage points.

3. Hyster Yale Materials Handling (NYSE:HY)


Hyster Yale Materials Handling (NYSE:HY) is the third most undervalued agriculture stock based on WallStreetZen's Valuation Score. Hyster Yale Materials Handling has a valuation score of 71, which is 37 points higher than the agriculture industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Hyster Yale Materials Handling's stock has gained 20.24% in the past year. It has overperformed other stocks in the agriculture industry by 3 percentage points.

Are agriculture stocks a good buy now?

38.1% of agriculture stocks rated by analysts are a strong buy right now. On average, analysts expect agriculture stocks to rise by 9.15% 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 13.64x.
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