Sectors & IndustriesConsumer DefensiveFarm Products

Best Farm Stocks to Buy Now (2024)

Top farm stocks in 2024 ranked by overall Zen Score. See the best farm stocks to buy now, according to analyst forecasts for the farm products industry.

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

Alico (NASDAQ:ALCO) is the top farm stock with a Zen Score of 49, which is 23 points higher than the farm industry average of 26. It passed 19 out of 38 due diligence checks and has strong fundamentals. Alico has seen its stock return 16.51% over the past year, overperforming other farm stocks by 34 percentage points.

Bunge Global Sa (NYSE:BG) is the second best farm stock with a Zen Score of 47, which is 21 points higher than the farm industry average of 26. It passed 16 out of 38 due diligence checks and has strong fundamentals. Bunge Global Sa has seen its stock return 11.08% over the past year, overperforming other farm stocks by 28 percentage points.

Bunge Global Sa has an average 1 year price target of $118.43, an upside of 11.95% from Bunge Global Sa's current stock price of $105.79.

Bunge Global Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Bunge Global Sa, 71.43% have issued a Strong Buy rating, 14.29% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Vital Farms (NASDAQ:VITL) is the third best farm stock with a Zen Score of 43, which is 17 points higher than the farm industry average of 26. It passed 14 out of 33 due diligence checks and has strong fundamentals. Vital Farms has seen its stock return 100.45% over the past year, overperforming other farm stocks by 118 percentage points.

Vital Farms has an average 1 year price target of $22.33, a downside of -16.17% from Vital Farms's current stock price of $26.64.

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

Out of 9 farm stocks that have issued dividends in the past year, the 3 farm stocks with the highest dividend yields are:

Brasilagro Brazilian Agricultural Real Estate Co (NYSE:LND) has an annual dividend yield of 12.85%, which is 9 percentage points higher than the farm industry average of 3.49%. Brasilagro Brazilian Agricultural Real Estate Co's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Brasilagro Brazilian Agricultural Real Estate Co's dividend has shown consistent growth over the last 10 years.

Brasilagro Brazilian Agricultural Real Estate Co's dividend payout ratio of 117.7% indicates that its high dividend yield might not be sustainable for the long-term.

Fresh Del Monte Produce (NYSE:FDP) has an annual dividend yield of 3.27%, which is the same as the farm industry average of 3.49%. Fresh Del Monte Produce's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Fresh Del Monte Produce's dividend has shown consistent growth over the last 10 years.

Fresh Del Monte Produce's dividend payout ratio of -312.5% indicates that its dividend yield might not be sustainable for the long-term.

Tyson Foods (NYSE:TSN) has an annual dividend yield of 3.16%, which is the same as the farm industry average of 3.49%. Tyson Foods's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Tyson Foods's dividend has shown consistent growth over the last 10 years.

Tyson Foods's dividend payout ratio of -78.5% indicates that its dividend yield might not be sustainable for the long-term.

Farm stocks were down -1.03% in the last day, and up 2.3% over the last week. Bunge Global Sa was the among the top losers in the farm products industry, dropping -3.49% yesterday.

Bunge shares are trading lower after the company reported mixed Q1 financial results and issued FY24 adjusted EPS guidance below estimates.

Based on WallStreetZen's Valuation Score, the 3 most undervalued farm stocks right now are:

Alico (NASDAQ:ALCO) is the most undervalued farm stock based on WallStreetZen's Valuation Score. Alico has a valuation score of 86, which is 62 points higher than the farm industry average of 24. It passed 6 out of 7 valuation due diligence checks.

Alico's stock has gained 16.51% in the past year. It has overperformed other stocks in the farm industry by 34 percentage points.

Dole (NYSE:DOLE) is the second most undervalued farm stock based on WallStreetZen's Valuation Score. Dole has a valuation score of 71, which is 47 points higher than the farm industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Dole's stock has dropped -2.53% in the past year. It has overperformed other stocks in the farm industry by 15 percentage points.

Agriforce Growing Systems (NASDAQ:AGRI) is the third most undervalued farm stock based on WallStreetZen's Valuation Score. Agriforce Growing Systems has a valuation score of 43, which is 19 points higher than the farm industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Agriforce Growing Systems's stock has dropped -99.5% in the past year. It has underperformed other stocks in the farm industry by -82 percentage points.