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:

Vital Farms (NASDAQ:VITL) is the top farm stock with a Zen Score of 64, which is 35 points higher than the farm industry average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Vital Farms has seen its stock return 218.01% over the past year, overperforming other farm stocks by 212 percentage points.

Vital Farms has an average 1 year price target of $38.75, an upside of 9.19% from Vital Farms's current stock price of $35.49.

Vital Farms stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Vital Farms, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Cal Maine Foods (NASDAQ:CALM) is the second best farm stock with a Zen Score of 50, which is 21 points higher than the farm industry average of 29. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cal Maine Foods has seen its stock return 67.62% over the past year, overperforming other farm stocks by 62 percentage points.

Cal Maine Foods has an average 1 year price target of $52.00, a downside of -34.69% from Cal Maine Foods's current stock price of $79.62.

Cal Maine Foods stock has a consensus Strong Sell recommendation according to Wall Street analysts. Of the 1 analyst covering Cal Maine Foods, 0% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 100% have issued a Strong Sell.

Davis Commodities (NASDAQ:DTCK) is the third best farm stock with a Zen Score of 45, which is 16 points higher than the farm industry average of 29. It passed 14 out of 33 due diligence checks and has strong fundamentals. Davis Commodities has seen its stock lose -59.7% over the past year, underperforming other farm stocks by -66 percentage points.

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 13.7%, which is 10 percentage points higher than the farm industry average of 3.65%. 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.

Archer Daniels Midland Co (NYSE:ADM) has an annual dividend yield of 3.34%, which is the same as the farm industry average of 3.65%. Archer Daniels Midland Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Archer Daniels Midland Co's dividend has shown consistent growth over the last 10 years.

Archer Daniels Midland Co's dividend payout ratio of 37.9% indicates that its dividend yield is sustainable for the long-term.

Fresh Del Monte Produce (NYSE:FDP) has an annual dividend yield of 3.32%, which is the same as the farm industry average of 3.65%. 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 -236.8% indicates that its dividend yield might not be sustainable for the long-term.

Farm stocks were up 0.06% in the last day, and up 0.23% over the last week.

We couldn't find a catalyst for why farm stocks are up.

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

Davis Commodities (NASDAQ:DTCK) is the most undervalued farm stock based on WallStreetZen's Valuation Score. Davis Commodities 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.

Davis Commodities's stock has dropped -59.7% in the past year. It has underperformed other stocks in the farm industry by -66 percentage points.

Dole (NYSE:DOLE) is the second most undervalued farm stock based on WallStreetZen's Valuation Score. Dole 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.

Dole's stock has gained 36.1% in the past year. It has overperformed other stocks in the farm industry by 30 percentage points.

Adecoagro Sa (NYSE:AGRO) is the third most undervalued farm stock based on WallStreetZen's Valuation Score. Adecoagro Sa 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.

Adecoagro Sa's stock has gained 2.47% in the past year. It has underperformed other stocks in the farm industry by -4 percentage points.