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
TEX	TEREX CORP	$3.40B	$5.19B	$689.40M	$495.30M	$7.36	4.22%	2.47%	11.68%	101.79%	2024-10-30
CAT	CATERPILLAR INC	$189.64B	$66.37B	$16.51B	$11.01B	$22.06	2.47%	3.55%	36.59%	15.16%	2024-10-29
HY	HYSTER-YALE INC	$1.09B	$4.25B	$342.30M	$175.80M	$10.14	8.63%	5.11%	394.63%	37.95%	2024-10-29
PCAR	PACCAR INC	$53.08B	$35.29B	$7.80B	$4.96B	$9.47	8.44%	7.01%	36.06%	15.88%	2024-10-22
OSK	OSHKOSH CORP	$6.44B	$10.37B	$1.18B	$682.50M	$10.42	15.82%	4.69%	68.06%	4.96%	2024-10-24
CMCO	COLUMBUS MCKINNON CORP	$994.06M	$1.02B	$155.30M	$45.98M	$1.60	6.97%	3.33%	-6.43%	-6.92%	2024-10-30
WNC	WABASH NATIONAL CORP	$803.43M	$2.29B	$265.05M	$152.84M	$3.33	-12.42%	-0.24%	-21.65%	24.35%	2024-10-23
LNN	LINDSAY CORP	$1.33B	$619.21M	$112.80M	$72.75M	$6.60	-11.18%	5.87%	2.17%	66.23%	2024-10-17
GENC	GENCOR INDUSTRIES INC	$291.54M	$113.12M	$23.35M	$16.21M	$1.10	5.44%	5.30%	34.15%	2.55%
REVG	REV GROUP INC	$1.42B	$2.48B	$376.40M	$245.60M	$4.23	-3.61%	0.53%	957.50%	N/A
AGCO	AGCO CORP	$7.19B	$13.43B	$883.70M	$420.50M	$5.62	-5.26%	7.80%	-62.23%	2.99%	2024-10-29
ALG	ALAMO GROUP INC	$2.08B	$1.68B	$239.75M	$126.88M	$10.62	4.43%	9.62%	1.34%	10.35%	2024-10-31
TWI	TITAN INTERNATIONAL INC	$526.04M	$1.81B	$123.15M	$28.07M	$0.45	-12.75%	3.12%	-80.85%	N/A	2024-10-30
CNH	CNH INDUSTRIAL NV	$17.68B	$23.08B	$4.57B	$2.02B	$1.56	-6.67%	-4.42%	-10.34%	23.18%
DE	DEERE & CO	$111.83B	$55.98B	$16.11B	$8.22B	$29.45	-8.79%	7.62%	-13.28%	23.07%	2024-11-20
MNTX	MANITEX INTERNATIONAL INC	$115.45M	$299.56M	$28.34M	$10.67M	$0.51	5.01%	5.12%	N/A	N/A	2024-10-31
MTW	MANITOWOC CO INC	$325.88M	$2.17B	$114.50M	$8.60M	$0.26	-0.62%	2.86%	N/A	N/A	2024-10-30
ASTE	ASTEC INDUSTRIES INC	$690.63M	$1.30B	$38.30M	-$2.30M	-$0.10	-4.99%	1.46%	N/A	N/A	2024-10-30
SHYF	SHYFT GROUP INC	$412.17M	$794.33M	$16.84M	-$2.40M	-$0.07	-24.82%	7.04%	N/A	N/A	2024-10-24
CEAD	CEA INDUSTRIES INC	$5.49M	$3.16M	-$3.07M	-$3.17M	-$4.62	-74.25%	-22.77%	N/A	N/A	2024-11-12
NKLA	NIKOLA CORP	$263.11M	$48.62M	-$751.18M	-$860.76M	-$22.96	-12.79%	174.84%	N/A	N/A	2024-10-31
UGRO	URBAN-GRO INC	$18.35M	$70.32M	-$13.91M	-$15.68M	-$1.34	12.08%	25.67%	N/A	N/A	2024-11-07
LEV	LION ELECTRIC CO	$142.06M	$226.53M	-$47.18M	-$117.36M	-$0.53	13.00%	N/A	N/A	N/A	2024-11-05
ARTW	ARTS WAY MANUFACTURING CO INC	$8.95M	$27.42M	$618.92k	-$880.29k	-$0.18	-6.73%	7.69%	N/A	N/A	2024-10-11
HYFM	HYDROFARM HOLDINGS GROUP INC	$30.44M	$210.32M	-$14.50M	-$71.16M	-$1.56	-19.37%	N/A	N/A	N/A	2024-11-07

Agriculture Stocks FAQ

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

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

1. Terex (NYSE:TEX)

Terex (NYSE:TEX) is the top agriculture stock with a Zen Score of 58, which is 20 points higher than the agriculture industry average of 38. It passed 22 out of 38 due diligence checks and has strong fundamentals. Terex has seen its stock lose -6.81% over the past year, underperforming other agriculture stocks by -15 percentage points.

Terex has an average 1 year price target of $61.50, an upside of 20.85% from Terex's current stock price of $50.89.

Terex stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Terex, 12.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 75% 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 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 45.4% over the past year, overperforming other agriculture stocks by 37 percentage points.

Caterpillar has an average 1 year price target of $367.91, a downside of -5.93% from Caterpillar's current stock price of $391.09.

Caterpillar stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Caterpillar, 54.55% have issued a Strong Buy rating, 0% have issued a Buy, 36.36% have issued a hold, while 0% have issued a Sell rating, and 9.09% have issued a Strong Sell.

3. Hyster Yale (NYSE:HY)

Hyster Yale (NYSE:HY) 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. Hyster Yale has seen its stock return 39.49% over the past year, overperforming other agriculture stocks by 32 percentage points.

Hyster Yale has an average 1 year price target of $87.00, an upside of 39.56% from Hyster Yale's current stock price of $62.34.

Hyster Yale stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Hyster Yale, 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. Cnh Industrial Nv (NYSE:CNH)

Cnh Industrial Nv (NYSE:CNH) has an annual dividend yield of 4.32%, which is 2 percentage points higher than the agriculture industry average of 1.84%. 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 30.1% indicates that its high dividend yield is sustainable for the long-term.

2. Paccar (NASDAQ:PCAR)

Paccar (NASDAQ:PCAR) has an annual dividend yield of 4.29%, which is 2 percentage points higher than the agriculture industry average of 1.84%. 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 45.5% indicates that its dividend yield is sustainable for the long-term.

3. Agco (NYSE:AGCO)

Agco (NYSE:AGCO) has an annual dividend yield of 3.8%, which is 2 percentage points higher than the agriculture industry average of 1.84%. Agco's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Agco's dividend has shown consistent growth over the last 10 years.

Agco's dividend payout ratio of 65.1% indicates that its dividend yield is sustainable for the long-term.

Why are agriculture stocks down?

Agriculture stocks were down -1.1% in the last day, and down -0.76% 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. 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 86, which is 53 points higher than the agriculture industry average of 33. It passed 6 out of 7 valuation due diligence checks.

Columbus Mckinnon's stock has gained 0% in the past year. It has underperformed other stocks in the agriculture industry by -8 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 57, which is 24 points higher than the agriculture industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Titan International's stock has dropped -43.44% in the past year. It has underperformed other stocks in the agriculture industry by -51 percentage points.

3. Manitowoc Co (NYSE:MTW)

Manitowoc Co (NYSE:MTW) is the third most undervalued agriculture stock based on WallStreetZen's Valuation Score. Manitowoc Co has a valuation score of 43, which is 10 points higher than the agriculture industry average of 33. It passed 3 out of 7 valuation due diligence checks.

Manitowoc Co's stock has dropped -36.35% in the past year. It has underperformed other stocks in the agriculture industry by -44 percentage points.

Are agriculture stocks a good buy now?

33.33% of agriculture stocks rated by analysts are a buy right now. On average, analysts expect agriculture stocks to rise by 12.59% 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 14.16x.

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.