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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
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
CAT
CATERPILLAR INC
$366.43$153.82138.22%18.10x17.24x2.79x9.58x3.00x$10.57B5.65%$19.50B38.20$217.83B13.81
AGCO
AGCO CORP
$123.02N/AN/A7.86x8.71x0.64x1.97xN/A$596.80M6.49%$4.66B62.26$10.11B5.97
HY
HYSTER-YALE MATERIALS HANDLING INC
$64.17$93.74-31.55%8.73xN/A0.27x2.88x0.42x$117.20M10.44%$389.90M22.29$1.54B5.89
WNC
WABASH NATIONAL CORP
$29.94$67.39-55.57%6.09xN/A0.55x2.46x0.26x$215.86M15.34%$548.89M11.68$1.57B4.36
TEX
TEREX CORP
$64.40N/AN/A8.40x11.52x0.84x2.58xN/A$365.70M8.41%$1.67B24.78$4.57B6.52
ASTE
ASTEC INDUSTRIES INC
$43.71$42.512.82%29.73x14.72x0.74x1.52x0.44x$14.00M1.41%$653.40M28.76$1.01B13.15
OSK
OSHKOSH CORP
$124.71N/AN/A13.63x14.60x0.85x2.21xN/A$274.30M3.35%$3.71B56.50$8.83B8.68
PCAR
PACCAR INC
$123.89N/AN/A14.11x23.32x1.85x4.09xN/A$2.93B4.51%$15.88B30.31$71.96B10.07
REVG
REV GROUP INC
$22.09N/AN/A5.41x16.49x0.43x2.31xN/A$25.70M2.25%$496.10M9.58$1.09B2.91
LNN
LINDSAY CORP
$117.66$70.3167.35%18.74x15.12x1.97x2.78x1.15x$114.98M8.87%$466.86M42.38$1.27B10.52
CMCO
COLUMBUS MCKINNON CORP
$44.63$49.87-10.51%26.41x12.86x1.28x1.46x0.38x$75.87M5.92%$878.44M30.56$1.73B10.90
ALG
ALAMO GROUP INC
$228.33$99.49129.50%19.99xN/A1.61x2.94x2.17x$106.09M3.90%$932.76M78.25$2.93B11.75
DE
DEERE & CO
$410.74N/AN/A11.91x14.41x1.89x5.18xN/A$6.45B5.61%$22.08B78.87$172.36B9.81
TWI
TITAN INTERNATIONAL INC
$12.46$33.87-63.21%9.89xN/A0.43x1.62x0.16x$118.55M15.23%$467.06M7.48$961.48M5.79
CNHI
CNH INDUSTRIAL NV
$12.96$12.245.92%7.28x6.97x0.70x2.60x1.84x-$272.00M-1.57%$8.11B6.09$43.52B8.93
MNTX
MANITEX INTERNATIONAL INC
$6.86N/AN/A19.06xN/A0.48x2.00xN/A-$4.86M-3.50%$69.62M3.45$231.95M9.60
NKLA
NIKOLA CORP
$1.04N/AN/A-0.86x-0.72x23.11x1.93xN/A-$616.69M-74.13%$719.17M0.90$1.18B-1.38
LEV
LION ELECTRIC CO
$1.42N/AN/A-3.09xN/A1.25x0.89xN/A-$233.54M-73.52%$358.91M1.60$604.68M-10.11
GENC
GENCOR INDUSTRIES INC
$16.69$7.83113.06%15.75xN/A2.32x1.32x2.90x$12.58M5.14%$185.91M12.68$226.31M10.01
MTW
MANITOWOC CO INC
$14.14N/AN/A12.63x17.68x0.22x0.82xN/A-$8.80M-1.78%$603.30M17.19$881.17M6.39
XOS
XOS INC
$10.24N/AN/A-0.73x-1.18x1.73x1.05xN/A-$64.40M-107.02%$57.56M9.80$65.20M-0.86
SHYF
SHYFT GROUP INC
$12.42N/AN/A65.37xN/A0.49x1.69xN/A$35.63M8.26%$252.17M7.26$548.59M22.66
ARTW
ARTS WAY MANUFACTURING CO INC
$2.10$0.27665.23%42.00xN/A0.35x0.91xN/A-$610.16k-5.81%$11.64M2.33$18.77M9.45
CEAD
CEA INDUSTRIES INC
$0.58N/AN/A-1.49xN/A0.58x0.35xN/A-$7.74M-164.89%$13.24M1.64-$8.24M2.66
IDEX
IDEANOMICS INC
$0.95N/AN/A-0.02x0.38x0.30x0.69xN/A-$64.85M-583.89%$16.43M1.41$41.63M-0.12
UGRO
URBAN-GRO INC
$1.37N/AN/A-0.83xN/A0.22x0.84xN/A-$11.81M-76.50%$20.07M1.78$20.99M-1.24
HYFM
HYDROFARM HOLDINGS GROUP INC
$1.08N/AN/A-0.76xN/A0.22x0.17xN/A$2.83M5.74%$290.61M6.39$203.08M-26.84

Agriculture Stocks FAQ

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

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

1. Caterpillar (NYSE:CAT)


Caterpillar (NYSE:CAT) is the top 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 66.44% over the past year, overperforming other agriculture stocks by 47 percentage points.

Caterpillar has an average 1 year price target of $312.08, a downside of -14.83% from Caterpillar's current stock price of $366.43.

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.

2. Agco (NYSE:AGCO)


Agco (NYSE:AGCO) is the second 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. Agco has seen its stock lose -4.77% over the past year, underperforming other agriculture stocks by -24 percentage points.

Agco has an average 1 year price target of $147.50, an upside of 19.9% from Agco's current stock price of $123.02.

Agco stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Agco, 83.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Wabash National (NYSE:WNC)


Wabash National (NYSE:WNC) is the third best agriculture stock with a Zen Score of 57, which is 18 points higher than the agriculture industry average of 39. It passed 21 out of 38 due diligence checks and has strong fundamentals. Wabash National has seen its stock return 21.86% over the past year, overperforming other agriculture stocks by 2 percentage points.

Wabash National has an average 1 year price target of $23.00, a downside of -23.18% from Wabash National's current stock price of $29.94.

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.

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 14.71%, which is 12 percentage points higher than the agriculture industry average of 2.65%. 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.

2. Agco (NYSE:AGCO)


Agco (NYSE:AGCO) has an annual dividend yield of 5.01%, which is 2 percentage points higher than the agriculture industry average of 2.65%. 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 3.44%, which is 1 percentage points higher than the agriculture industry average of 2.65%. 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 0.58% in the last day, and up 3.11% 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. Columbus Mckinnon (NASDAQ:CMCO)


Columbus Mckinnon (NASDAQ:CMCO) is the most undervalued agriculture stock based on WallStreetZen's Valuation Score. Columbus Mckinnon has a valuation score of 71, which is 34 points higher than the agriculture industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Columbus Mckinnon's stock has gained 24.73% in the past year. It has overperformed other stocks in the agriculture industry by 5 percentage points.

2. Titan International (NYSE:TWI)


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

Titan International's stock has gained 18.1% in the past year. It has underperformed other stocks in the agriculture industry by -2 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 34 points higher than the agriculture industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Wabash National's stock has gained 21.86% in the past year. It has overperformed other stocks in the agriculture industry by 2 percentage points.

Are agriculture stocks a good buy now?

42.86% of agriculture stocks rated by analysts are a buy right now. On average, analysts expect agriculture stocks to rise by 0.72% 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 14.78x.
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.