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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 ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
CAT
CATERPILLAR INC
$182.79B$358.32$320.50-10.55%Buy123.11%6.58%64.90%14.47%
AGCO
AGCO CORP
$8.67B$116.24$148.8028.01%Strong Buy5-2.39%-10.37%N/AN/A
WNC
WABASH NATIONAL CORP
$1.17B$25.90$23.00-11.20%Hold1N/AN/AN/AN/A
HY
HYSTER-YALE MATERIALS HANDLING INC
$1.04B$59.32$82.5039.08%Strong Buy20.88%N/AN/AN/A
ASTE
ASTEC INDUSTRIES INC
$949.08M$41.73$42.000.65%Strong Buy12.15%74.38%N/AN/A
TEX
TEREX CORP
$4.07B$60.71$62.563.04%Hold90.32%-32.35%N/AN/A
OSK
OSHKOSH CORP
$7.78B$118.61$122.403.20%Buy104.30%-0.36%N/AN/A
PCAR
PACCAR INC
$60.73B$115.93$116.000.06%Buy90.71%-54.14%N/AN/A
REVG
REV GROUP INC
$1.10B$21.24$20.00-5.84%Strong Sell1-1.33%-29.66%N/AN/A
LNN
LINDSAY CORP
$1.25B$112.81$138.0022.33%Strong Buy32.39%16.31%N/AN/A
DE
DEERE & CO
$110.47B$396.88$421.896.30%Buy9-7.53%-27.04%N/AN/A
ALG
ALAMO GROUP INC
$2.48B$206.61$235.0013.74%Strong Buy1N/AN/AN/AN/A
TWI
TITAN INTERNATIONAL INC
$694.39M$11.45N/AN/AN/AN/A23.66%N/AN/AN/A
CNHI
CNH INDUSTRIAL NV
$20.11B$12.36$14.7319.15%Buy10-4.31%4.40%N/AN/A
MNTX
MANITEX INTERNATIONAL INC
$126.10M$6.22N/AN/AN/AN/A6.40%N/AN/AN/A
LEV
LION ELECTRIC CO
$232.66M$1.04$2.75164.42%Buy268.83%N/A28.05%11.97%
NKLA
NIKOLA CORP
$858.80M$0.64$1.50133.28%Buy2271.37%N/AN/AN/A
GENC
GENCOR INDUSTRIES INC
$246.25M$16.80N/AN/AN/AN/AN/AN/AN/AN/A
XOS
XOS INC
$63.78M$8.23$17.50112.64%Strong Buy395.74%N/A25.73%12.41%
CMCO
COLUMBUS MCKINNON CORP
$1.16B$40.26$50.0024.19%Strong Buy14.64%N/AN/AN/A
MTW
MANITOWOC CO INC
$453.10M$12.91$15.5020.06%Hold23.23%-34.53%N/AN/A
CEAD
CEA INDUSTRIES INC
$4.88M$0.59N/AN/AN/AN/AN/AN/AN/AN/A
SHYF
SHYFT GROUP INC
$357.21M$10.41$12.0015.27%Hold20.39%N/AN/AN/A
IDEX
IDEANOMICS INC
$9.77M$0.82N/AN/AN/AN/A681.36%N/A1,548.37%168.17%
UGRO
URBAN-GRO INC
$19.51M$1.59$5.63253.77%Strong Buy2N/AN/AN/AN/A
ARTW
ARTS WAY MANUFACTURING CO INC
$9.98M$1.97N/AN/AN/AN/AN/AN/AN/AN/A
HYFM
HYDROFARM HOLDINGS GROUP INC
$42.59M$0.93$0.90-3.23%Hold1-2.89%N/AN/AN/A
1

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. 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 59.08% over the past year, overperforming other agriculture stocks by 44 percentage points.

Caterpillar has an average 1 year price target of $320.50, a downside of -10.55% from Caterpillar's current stock price of $358.32.

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 -8.3% over the past year, underperforming other agriculture stocks by -23 percentage points.

Agco has an average 1 year price target of $148.80, an upside of 28.01% from Agco's current stock price of $116.24.

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. 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 15.11% over the past year.

Wabash National has an average 1 year price target of $23.00, a downside of -11.2% from Wabash National's current stock price of $25.90.

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 15.07%, which is 12 percentage points higher than the agriculture industry average of 2.77%. 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 5.3%, which is 3 percentage points higher than the agriculture industry average of 2.77%. 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 3.67%, which is 1 percentage points higher than the agriculture industry average of 2.77%. 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 down?

Agriculture stocks were down -0.84% in the last day, and down -4.16% over the last week.

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

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 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 4.28% in the past year. It has underperformed other stocks in the agriculture industry by -11 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 35 points higher than the agriculture industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Wabash National's stock has gained 15.11% in the past year. It has performed in line with other stocks in the agriculture industry.

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

Hyster Yale Materials Handling's stock has gained 16.91% in the past year. It has overperformed other stocks in the agriculture industry by 2 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 7.57% 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 14.31x.
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