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Sectors & IndustriesIndustrialsFarm & Heavy Construction Machinery
Best Agriculture Stocks to Buy Now (2023)
Top agriculture stocks in 2023 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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
PCAR
PACCAR INC
$36.46B$28.82B$4.86B$3.01B$5.7622.52%8.17%60.89%12.67%2023-04-24
TEX
TEREX CORP
$3.11B$4.42B$462.70M$300.00M$4.3813.66%3.09%38.17%25.80%2023-04-26
AGCO
AGCO CORP
$9.34B$12.65B$1.47B$889.60M$11.9213.58%8.78%-0.08%38.49%2023-05-01
OSK
OSHKOSH CORP
$5.05B$8.28B$432.40M$173.90M$2.654.14%2.83%-60.80%-9.27%2023-04-28
CAT
CATERPILLAR INC
$114.56B$59.43B$11.43B$6.71B$12.7216.59%5.50%6.62%58.54%2023-04-26
TWI
TITAN INTERNATIONAL INC
$653.25M$2.17B$272.01M$176.30M$2.8021.86%8.11%250.00%N/A2023-05-01
ZEV
LIGHTNING EMOTORS INC
$24.69M$24.41M$33.11M$15.17M$0.2016.30%N/AN/AN/A2023-05-11
WNC
WABASH NATIONAL CORP
$1.13B$2.50B$213.42M$112.26M$2.3138.76%7.20%11,450.00%4.21%2023-04-25
LNN
LINDSAY CORP
$1.62B$780.75M$126.57M$75.79M$6.9024.86%7.97%73.80%23.62%2023-04-04
CMCO
COLUMBUS MCKINNON CORP
$1.01B$935.77M$146.57M$46.36M$1.6211.48%2.95%60.40%34.36%2023-05-23
DE
DEERE & CO
$114.53B$55.66B$13.70B$8.19B$27.0825.13%12.40%48.95%43.37%2023-05-19
ALG
ALAMO GROUP INC
$2.11B$1.51B$195.36M$101.93M$8.5813.45%10.65%26.55%17.44%2023-05-02
CNHI
CNH INDUSTRIAL NV
$25.03B$23.55B$4.05B$2.03B$1.5020.80%-3.19%18.11%49.63%2023-05-05
REVG
REV GROUP INC
$678.39M$2.38B$53.90M$2.40M$0.030.60%0.33%-95.59%-49.01%
LEV
LION ELECTRIC CO
$351.51M$139.91M$30.22M$17.78M$0.09142.44%N/AN/AN/A2023-05-01
CEAD
CEA INDUSTRIES INC
$7.08M$12.88M-$4.49M-$5.19M-$1.08-7.81%13.23%N/AN/A2023-03-28
XOS
XOS INC
$77.13M$31.11M-$39.78M-$42.20M-$0.251,056.82%N/AN/AN/A2023-03-29
SHYF
SHYFT GROUP INC
$781.61M$1.03B$61.53M$36.56M$1.043.57%20.50%-46.67%17.72%2023-04-26
ASTE
ASTEC INDUSTRIES INC
$869.48M$1.27B$35.30M-$100.00k$0.0016.34%1.47%-100.00%-100.00%2023-05-02
GENC
GENCOR INDUSTRIES INC
$218.40M$109.20M$6.00M$3.38M$0.2326.36%4.42%-17.86%-18.76%2023-05-11
MNTX
MANITEX INTERNATIONAL INC
$104.96M$273.85M$11.27M-$4.90M-$0.2129.46%5.14%N/AN/A2023-05-02
UGRO
URBAN-GRO INC
$27.38M$68.66M-$10.58M-$11.70M-$1.1131.12%N/AN/AN/A2023-03-30
HY
HYSTER-YALE MATERIALS HANDLING INC
$776.43M$3.55B$6.90M-$74.10M-$4.3815.37%4.22%N/AN/A2023-05-02
HYFM
HYDROFARM HOLDINGS GROUP INC
$80.11M$344.50M-$229.62M-$285.42M-$6.35-28.14%N/AN/AN/A2023-05-08
ARTW
ARTS WAY MANUFACTURING CO INC
$10.00M$28.40M$1.38M$97.80k$0.0213.76%6.51%-60.00%N/A2023-04-12
MTW
MANITOWOC CO INC
$583.82M$2.03B-$24.90M-$123.60M-$3.5118.15%5.15%N/AN/A2023-05-01

Agriculture Stocks FAQ

What are the best agriculture stocks to buy right now in Mar 2023?

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

1. Paccar (NASDAQ:PCAR)


Paccar (NASDAQ:PCAR) is the top agriculture stock with a Zen Score of 73, which is 33 points higher than the agriculture industry average of 40. It passed 27 out of 38 due diligence checks and has strong fundamentals. Paccar has seen its stock return 17.88% over the past year, overperforming other agriculture stocks by 26 percentage points.

Paccar has an average 1 year price target of $88.75, an upside of 26.97% from Paccar's current stock price of $69.90.

Paccar stock has a consensus Hold recommendation according to Wall Street analysts. Of the 14 analysts covering Paccar, 21.43% have issued a Strong Buy rating, 0% have issued a Buy, 64.29% have issued a hold, while 14.29% 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 18 points higher than the agriculture industry average of 40. It passed 22 out of 38 due diligence checks and has strong fundamentals. Agco has seen its stock lose -12.77% over the past year, underperforming other agriculture stocks by -5 percentage points.

Agco has an average 1 year price target of $154.46, an upside of 23.82% from Agco's current stock price of $124.74.

Agco stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Agco, 45.45% have issued a Strong Buy rating, 27.27% have issued a Buy, 27.27% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Terex (NYSE:TEX)


Terex (NYSE:TEX) is the third best agriculture stock with a Zen Score of 58, which is 18 points higher than the agriculture industry average of 40. It passed 22 out of 38 due diligence checks and has strong fundamentals. Terex has seen its stock return 21.79% over the past year, overperforming other agriculture stocks by 30 percentage points.

Terex has an average 1 year price target of $54.14, an upside of 17.7% from Terex's current stock price of $46.00.

Terex stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Terex, 42.86% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% 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. Paccar (NASDAQ:PCAR)


Paccar (NASDAQ:PCAR) has an annual dividend yield of 5.87%, which is 4 percentage points higher than the agriculture industry average of 1.99%. 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 48.9% 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 4.38%, which is 2 percentage points higher than the agriculture industry average of 1.99%. Agco's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Agco's dividend has shown consistent growth over the last 10 years.

Agco's dividend payout ratio of 45.8% indicates that its dividend yield is sustainable for the long-term.

3. Hyster Yale Materials Handling (NYSE:HY)


Hyster Yale Materials Handling (NYSE:HY) has an annual dividend yield of 2.85%, which is 1 percentage points higher than the agriculture industry average of 1.99%. Hyster Yale Materials Handling's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Hyster Yale Materials Handling's dividend has shown consistent growth over the last 10 years.

Hyster Yale Materials Handling's dividend payout ratio of -29.5% indicates that its dividend yield might not be sustainable for the long-term.

Why are agriculture stocks down?

Agriculture stocks were down -0.7% in the last day, and up 1.87% 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. Paccar (NASDAQ:PCAR)


Paccar (NASDAQ:PCAR) is the most undervalued agriculture stock based on WallStreetZen's Valuation Score. Paccar has a valuation score of 86, which is 48 points higher than the agriculture industry average of 38. It passed 6 out of 7 valuation due diligence checks.

Paccar's stock has gained 17.88% in the past year. It has overperformed other stocks in the agriculture industry by 26 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 33 points higher than the agriculture industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Titan International's stock has dropped -30.87% in the past year. It has underperformed other stocks in the agriculture industry by -23 percentage points.

3. Columbus Mckinnon (NASDAQ:CMCO)


Columbus Mckinnon (NASDAQ:CMCO) is the third most undervalued agriculture stock based on WallStreetZen's Valuation Score. Columbus Mckinnon has a valuation score of 57, which is 19 points higher than the agriculture industry average of 38. It passed 4 out of 7 valuation due diligence checks.

Columbus Mckinnon's stock has dropped -22.1% in the past year. It has underperformed other stocks in the agriculture industry by -14 percentage points.

Are agriculture stocks a good buy now?

34.78% of agriculture stocks rated by analysts are a strong buy right now. On average, analysts expect agriculture stocks to rise by 21.71% 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 15.51x.
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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.