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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 & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
WNC
WABASH NATIONAL CORP
United States
$1.10B45,022,59788.22%11.78%Net SellingNet Selling
CAT
CATERPILLAR INC
United States
$185.45B510,143,09769.38%0.98%Net BuyingNet Selling
AGCO
AGCO CORP
United States
$8.86B74,617,87471.23%28.77%Net SellingNet Selling
HY
HYSTER-YALE MATERIALS HANDLING INC
United States
$1.06B17,488,81140.11%59.89%Net SellingNet Selling
TEX
TEREX CORP
United States
$4.06B67,000,00082.10%17.90%Net SellingNet Selling
ASTE
ASTEC INDUSTRIES INC
United States
$999.80M22,743,37974.23%25.77%Net SellingNet Selling
PCAR
PACCAR INC
United States
$59.59B523,883,67764.92%4.43%Net BuyingNet Buying
OSK
OSHKOSH CORP
United States
$7.95B65,575,36790.21%4.55%Net BuyingNet Selling
REVG
REV GROUP INC
United States
$1.13B51,800,23545.55%54.45%Net SellingNet Selling
LNN
LINDSAY CORP
United States
$1.28B11,038,27689.83%4.66%Net Selling
ALG
ALAMO GROUP INC
United States
$2.45B12,015,28191.58%8.42%Net SellingNet Selling
DE
DEERE & CO
United States
$109.85B278,358,21068.48%11.63%Net Selling
TWI
TITAN INTERNATIONAL INC
United States
$715.62M60,645,37855.59%44.41%Net SellingNet Selling
MNTX
MANITEX INTERNATIONAL INC
United States
$113.33M20,273,08540.00%60.00%Net Selling
NKLA
NIKOLA CORP
United States
$828.08M1,335,615,16533.54%9.56%Net SellingNet Selling
CNHI
CNH INDUSTRIAL NV
United Kingdom
$18.55B1,627,257,27846.39%0.00%
LEV
LION ELECTRIC CO
Canada
$212.53M223,712,83840.28%0.00%
GENC
GENCOR INDUSTRIES INC
United States
$247.42M14,657,70236.45%63.55%Net SellingNet Selling
CMCO
COLUMBUS MCKINNON CORP
United States
$1.20B28,755,97863.09%36.91%Net BuyingNet Buying
XOS
XOS INC
United States
$59.13M7,750,2580.05%99.95%Net SellingNet Selling
MTW
MANITOWOC CO INC
United States
$458.72M35,096,90878.53%14.10%Net SellingNet Selling
CEAD
CEA INDUSTRIES INC
United States
$5.77M8,212,7370.17%99.83%Net Buying
SHYF
SHYFT GROUP INC
United States
$368.54M34,314,25282.38%17.62%Net BuyingNet Buying
UGRO
URBAN-GRO INC
United States
$20.37M12,271,39319.55%48.89%Net BuyingNet Buying
ARTW
ARTS WAY MANUFACTURING CO INC
United States
$9.98M5,068,2082.12%97.88%Net BuyingNet Selling
IDEX
IDEANOMICS INC
United States
$10.19M11,972,3462.18%97.82%Net BuyingNet Buying
HYFM
HYDROFARM HOLDINGS GROUP INC
United States
$40.53M45,794,69120.21%16.36%Net SellingNet Selling
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. Wabash National (NYSE:WNC)


Wabash National (NYSE:WNC) is the top agriculture stock with a Zen Score of 61, which is 22 points higher than the agriculture industry average of 39. It passed 22 out of 38 due diligence checks and has strong fundamentals. Wabash National has seen its stock return 9.07% over the past year, underperforming other agriculture stocks by -7 percentage points.

Wabash National has an average 1 year price target of $23.00, a downside of -5.81% from Wabash National's current stock price of $24.42.

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.

2. Caterpillar (NYSE:CAT)


Caterpillar (NYSE:CAT) is the second best 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 62.7% over the past year, overperforming other agriculture stocks by 46 percentage points.

Caterpillar has an average 1 year price target of $320.50, a downside of -11.83% from Caterpillar's current stock price of $363.52.

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.

3. Agco (NYSE:AGCO)


Agco (NYSE:AGCO) is the third 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 -5.3% over the past year, underperforming other agriculture stocks by -22 percentage points.

Agco has an average 1 year price target of $148.80, an upside of 25.37% from Agco's current stock price of $118.69.

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.

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:CNHI)


Cnh Industrial Nv (NYSE:CNHI) has an annual dividend yield of N/A, which is N/A percentage points lower than the agriculture industry average of 2.69%. Cnh Industrial Nv's dividend payout is not stable, having dropped more than 10% four 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 22.4% indicates that its dividend yield is sustainable for the long-term.

2. Rev Group (NYSE:REVG)


Rev Group (NYSE:REVG) has an annual dividend yield of 14.61%, which is 12 percentage points higher than the agriculture industry average of 2.69%. 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.

3. Agco (NYSE:AGCO)


Agco (NYSE:AGCO) has an annual dividend yield of 5.19%, which is 2 percentage points higher than the agriculture industry average of 2.69%. 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.

Why are agriculture stocks down?

Agriculture stocks were down -0.28% in the last day, and up 0.58% 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 15.35% in the past year. It has underperformed other stocks in the agriculture industry by -1 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 9.07% in the past year. It has underperformed other stocks in the agriculture industry by -7 percentage points.

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 15.1% in the past year. It has underperformed other stocks in the agriculture industry by -1 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 6.53% 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 14.43x.
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