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.

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

Wabash National (NYSE:WNC) is the top agriculture stock with a Zen Score of 61, which is 24 points higher than the agriculture industry average of 37. It passed 22 out of 38 due diligence checks and has strong fundamentals. Wabash National has seen its stock lose -7.64% over the past year, underperforming other agriculture stocks by -28 percentage points.

Caterpillar (NYSE:CAT) is the second best agriculture stock with a Zen Score of 57, which is 20 points higher than the agriculture industry average of 37. It passed 21 out of 38 due diligence checks and has strong fundamentals. Caterpillar has seen its stock return 67.97% over the past year, overperforming other agriculture stocks by 48 percentage points.

Caterpillar has an average 1 year price target of $338.17, a downside of -5.08% from Caterpillar's current stock price of $356.27.

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, 0% have issued a Buy, 58.33% have issued a hold, while 8.33% have issued a Sell rating, and 0% have issued a Strong Sell.

Hyster Yale Materials Handling (NYSE:HY) is the third best agriculture stock with a Zen Score of 57, which is 20 points higher than the agriculture industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Hyster Yale Materials Handling has seen its stock return 48.46% over the past year, overperforming other agriculture stocks by 29 percentage points.

Hyster Yale Materials Handling has an average 1 year price target of $88.50, an upside of 17.81% from Hyster Yale Materials Handling's current stock price of $75.12.

Hyster Yale Materials Handling stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Hyster Yale Materials Handling, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 15 agriculture stocks that have issued dividends in the past year, the 3 agriculture stocks with the highest dividend yields are:

Cnh Industrial Nv (NYSE:CNHI) has an annual dividend yield of 4.1%, which is 2 percentage points higher than the agriculture industry average of 1.75%. 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 0% indicates that its dividend yield might not be sustainable for the long-term.

Paccar (NASDAQ:PCAR) has an annual dividend yield of 4.07%, which is 2 percentage points higher than the agriculture industry average of 1.75%. 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 44.1% indicates that its dividend yield is sustainable for the long-term.

Agco (NYSE:AGCO) has an annual dividend yield of 3.33%, which is 2 percentage points higher than the agriculture industry average of 1.75%. 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 41.6% indicates that its dividend yield is sustainable for the long-term.

Agriculture stocks were up 0.25% in the last day, and down -1.97% over the last week.

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

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

Hyster Yale Materials Handling (NYSE:HY) is the most undervalued agriculture stock based on WallStreetZen's Valuation Score. Hyster Yale Materials Handling has a valuation score of 71, which is 39 points higher than the agriculture industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Hyster Yale Materials Handling's stock has gained 48.46% in the past year. It has overperformed other stocks in the agriculture industry by 29 percentage points.

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 39 points higher than the agriculture industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Wabash National's stock has dropped -7.64% in the past year. It has underperformed other stocks in the agriculture industry by -28 percentage points.

Cnh Industrial Nv (NYSE:CNHI) is the third most undervalued agriculture stock based on WallStreetZen's Valuation Score. Cnh Industrial Nv has a valuation score of 57, which is 25 points higher than the agriculture industry average of 32. It passed 4 out of 7 valuation due diligence checks.

Cnh Industrial Nv's stock has dropped -17.69% in the past year. It has underperformed other stocks in the agriculture industry by -38 percentage points.