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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 ScorePriceValuationFinancialsForecastEarnings & RevenueDividends
OwnershipTechnicals
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
PCAR
PACCAR INC
$52.17B4.36%45.50%$0.3000$4.3477%102024-11-132024-12-04
TEX
TEREX CORP
$3.60B0.95%6.90%$0.1700$0.5118%0
CAT
CATERPILLAR INC
$181.02B1.42%24.10%$1.4100$5.3130%0
HY
HYSTER-YALE INC
$1.09B1.60%9.60%$0.3500$1.0034%0
OSK
OSHKOSH CORP
$6.67B1.75%16.70%$0.4600$1.7937%0
CMCO
COLUMBUS MCKINNON CORP
$962.58M0.84%17.50%$0.0700$0.2815%0
WNC
WABASH NATIONAL CORP
$878.66M1.60%9.60%$0.0800$0.3234%02024-10-102024-10-31
LNN
LINDSAY CORP
$1.38B1.12%21.20%$0.3600$1.4122%0
GENC
GENCOR INDUSTRIES INC
$301.95MN/A0.00%N/AN/AN/AN/A
REVG
REV GROUP INC
$1.45B0.72%75.70%$0.0500$0.2013%02024-09-272024-10-11
AGCO
AGCO CORP
$7.15B3.82%65.10%$0.2900$3.6671%4
ALG
ALAMO GROUP INC
$2.23B0.54%9.40%$0.2600$1.008%0
TWI
TITAN INTERNATIONAL INC
$606.86MN/A0.00%$0.0050N/AN/A0
CNH
CNH INDUSTRIAL NV
$17.79B4.29%30.10%$0.4700$0.4776%3
MNTX
MANITEX INTERNATIONAL INC
$114.63MN/A0.00%N/AN/AN/AN/A
MTW
MANITOWOC CO INC
$350.82MN/A0.00%$0.3200N/AN/A0
DE
DEERE & CO
$112.10B1.41%19.60%$1.4700$5.7629%02024-09-302024-11-08
ASTE
ASTEC INDUSTRIES INC
$744.21M1.59%-520.00%$0.1300$0.5234%0
SHYF
SHYFT GROUP INC
$452.84M1.52%-285.70%$0.0500$0.2032%1
CEAD
CEA INDUSTRIES INC
$5.54MN/A0.00%N/AN/AN/AN/A
NKLA
NIKOLA CORP
$258.55MN/A0.00%N/AN/AN/AN/A
UGRO
URBAN-GRO INC
$17.12MN/A0.00%N/AN/AN/AN/A
LEV
LION ELECTRIC CO
$161.52MN/A0.00%N/AN/AN/AN/A
ARTW
ARTS WAY MANUFACTURING CO INC
$8.88MN/A0.00%$0.0500N/AN/A0
HYFM
HYDROFARM HOLDINGS GROUP INC
$30.62MN/A0.00%N/AN/AN/AN/A
1

Agriculture Stocks FAQ

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

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 62, which is 24 points higher than the agriculture industry average of 38. It passed 23 out of 38 due diligence checks and has strong fundamentals. Paccar has seen its stock return 16.85% over the past year, overperforming other agriculture stocks by 12 percentage points.

Paccar has an average 1 year price target of $108.50, an upside of 9.02% from Paccar's current stock price of $99.52.

Paccar stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Paccar, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Terex (NYSE:TEX)


Terex (NYSE:TEX) is the second best agriculture stock with a Zen Score of 61, which is 23 points higher than the agriculture industry average of 38. It passed 23 out of 38 due diligence checks and has strong fundamentals. Terex has seen its stock lose -8.05% over the past year, underperforming other agriculture stocks by -13 percentage points.

Terex has an average 1 year price target of $64.50, an upside of 19.82% from Terex's current stock price of $53.83.

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.

3. Caterpillar (NYSE:CAT)


Caterpillar (NYSE:CAT) 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. Caterpillar has seen its stock return 33.48% over the past year, overperforming other agriculture stocks by 29 percentage points.

Caterpillar has an average 1 year price target of $362.64, a downside of -2.86% from Caterpillar's current stock price of $373.31.

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.

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 4.36%, which is 3 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 high dividend yield is sustainable for the long-term.

2. Cnh Industrial Nv (NYSE:CNH)


Cnh Industrial Nv (NYSE:CNH) has an annual dividend yield of 4.29%, 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.

3. Agco (NYSE:AGCO)


Agco (NYSE:AGCO) has an annual dividend yield of 3.82%, 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 up?

Agriculture stocks were up 2.25% in the last day, and up 6.96% over the last week. Caterpillar was the among the top gainers in the farm & heavy construction machinery industry, gaining 5.12% yesterday.

Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

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 dropped -6.24% in the past year. It has underperformed other stocks in the agriculture industry by -11 percentage points.

2. Paccar (NASDAQ:PCAR)


Paccar (NASDAQ:PCAR) is the second most undervalued agriculture stock based on WallStreetZen's Valuation Score. Paccar 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.

Paccar's stock has gained 16.85% in the past year. It has overperformed other stocks in the agriculture industry by 12 percentage points.

3. Titan International (NYSE:TWI)


Titan International (NYSE:TWI) is the third 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 -31.68% in the past year. It has underperformed other stocks in the agriculture industry by -37 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 11.64% 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 13.59x.
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