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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...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
WNC
WABASH NATIONAL CORP
NYSE
Farm & Heavy Construction Machinery
$1.05B$23.280.61%$321.77M5.48x1.52
HY
HYSTER-YALE MATERIALS HANDLING INC
NYSE
Farm & Heavy Construction Machinery
$1.36B$77.61-1.77%$301.70M8.87x4.10
CAT
CATERPILLAR INC
NYSE
Farm & Heavy Construction Machinery
$173.59B$354.790.86%$16.67B15.94x3.75
TEX
TEREX CORP
NYSE
Farm & Heavy Construction Machinery
$4.20B$62.372.23%$704.20M8.17x1.17
AGCO
AGCO CORP
NYSE
Farm & Heavy Construction Machinery
$8.66B$116.05-0.21%$1.59B7.84x1.83
ASTE
ASTEC INDUSTRIES INC
NASDAQ
Farm & Heavy Construction Machinery
$792.69M$34.82-0.20%$66.30M31.94x0.73
REVG
REV GROUP INC
NYSE
Farm & Heavy Construction Machinery
$1.38B$26.600.99%$375.00M6.52x1.87
PCAR
PACCAR INC
NASDAQ
Farm & Heavy Construction Machinery
$57.23B$109.180.24%$7.84B11.30x1.39
OSK
OSHKOSH CORP
NYSE
Farm & Heavy Construction Machinery
$7.95B$121.632.07%$1.15B11.55x1.48
LNN
LINDSAY CORP
NYSE
Farm & Heavy Construction Machinery
$1.32B$119.73-0.32%$118.04M19.07x0.58
ALG
ALAMO GROUP INC
NYSE
Farm & Heavy Construction Machinery
$2.39B$198.430.07%$248.21M17.54x0.59
DE
DEERE & CO
NYSE
Farm & Heavy Construction Machinery
$113.54B$407.89-0.27%$17.57B11.82x3.59
GENC
GENCOR INDUSTRIES INC
NYSEMKT
Farm & Heavy Construction Machinery
$275.71M$18.814.91%$24.25M16.36x0.07
CNHI
CNH INDUSTRIAL NV
NYSE
Farm & Heavy Construction Machinery
$18.76B$11.52-1.12%$4.84B6.58x4.78
XOS
XOS INC
NASDAQ
Farm & Heavy Construction Machinery
$59.41M$7.670.26%-$70.94M-0.58x1.07
MNTX
MANITEX INTERNATIONAL INC
NASDAQ
Farm & Heavy Construction Machinery
$131.76M$6.47-3.00%$26.47M14.07x2.45
TWI
TITAN INTERNATIONAL INC
NYSE
Farm & Heavy Construction Machinery
$684.26M$9.393.76%$139.08M10.43x1.88
LEV
LION ELECTRIC CO
NYSE
Farm & Heavy Construction Machinery
$202.46M$0.91-6.31%-$53.54M-1.85x1.43
CMCO
COLUMBUS MCKINNON CORP
NASDAQ
Farm & Heavy Construction Machinery
$1.28B$44.34-0.38%$158.82M26.24x1.11
MTW
MANITOWOC CO INC
NYSE
Farm & Heavy Construction Machinery
$435.73M$12.260.00%$125.20M15.52x1.99
CEAD
CEA INDUSTRIES INC
NASDAQ
Farm & Heavy Construction Machinery
$5.77M$0.70-2.50%-$2.81M-1.95x0.12
NKLA
NIKOLA CORP
NASDAQ
Farm & Heavy Construction Machinery
$728.47M$0.54-6.77%-$837.00M-0.55x0.97
SHYF
SHYFT GROUP INC
NASDAQ
Farm & Heavy Construction Machinery
$429.68M$12.50-0.32%$19.16MN/A1.06
UGRO
URBAN-GRO INC
NASDAQ
Farm & Heavy Construction Machinery
$22.67M$1.84-2.13%-$13.91M-1.37x2.02
ARTW
ARTS WAY MANUFACTURING CO INC
NASDAQ
Farm & Heavy Construction Machinery
$9.79M$1.933.26%$1.04M-17.55x1.17
IDEX
IDEANOMICS INC
NASDAQ
Farm & Heavy Construction Machinery
$12.33M$1.03-1.90%-$346.21M-0.02x7.80
HYFM
HYDROFARM HOLDINGS GROUP INC
NASDAQ
Farm & Heavy Construction Machinery
$42.36M$0.93-1.07%-$7.57M-0.65x0.75

Agriculture Stocks FAQ

What are the best agriculture stocks to buy right now in May 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 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 -3.76% over the past year, underperforming other agriculture stocks by -23 percentage points.

2. Caterpillar (NYSE:CAT)


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 66.44% over the past year, overperforming other agriculture stocks by 47 percentage points.

Caterpillar has an average 1 year price target of $338.17, a downside of -4.69% from Caterpillar's current stock price of $354.79.

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.

3. Hyster Yale Materials Handling (NYSE:HY)


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 46.77% over the past year, overperforming other agriculture stocks by 27 percentage points.

Hyster Yale Materials Handling has an average 1 year price target of $88.50, an upside of 14.03% from Hyster Yale Materials Handling's current stock price of $77.61.

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.

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. Rev Group (NYSE:REVG)


Rev Group (NYSE:REVG) has an annual dividend yield of 12.03%, which is 9 percentage points higher than the agriculture industry average of 2.59%. 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.

2. Agco (NYSE:AGCO)


Agco (NYSE:AGCO) has an annual dividend yield of 5.06%, which is 2 percentage points higher than the agriculture industry average of 2.59%. 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 41.6% indicates that its high dividend yield is sustainable for the long-term.

3. Cnh Industrial Nv (NYSE:CNHI)


Cnh Industrial Nv (NYSE:CNHI) has an annual dividend yield of 4.08%, which is 1 percentage points higher than the agriculture industry average of 2.59%. 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.

Why are agriculture stocks up?

Agriculture stocks were up 0.28% in the last day, and up 4.6% over the last week.

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

What are the most undervalued agriculture stocks?

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

1. Hyster Yale Materials Handling (NYSE:HY)


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 40 points higher than the agriculture industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Hyster Yale Materials Handling's stock has gained 46.77% in the past year. It has overperformed other stocks in the agriculture industry by 27 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 40 points higher than the agriculture industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Wabash National's stock has dropped -3.76% in the past year. It has underperformed other stocks in the agriculture industry by -23 percentage points.

3. Cnh Industrial Nv (NYSE:CNHI)


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 26 points higher than the agriculture industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Cnh Industrial Nv's stock has dropped -18.99% in the past year. It has underperformed other stocks in the agriculture industry by -38 percentage points.

Are agriculture stocks a good buy now?

45% of agriculture stocks rated by analysts are a buy right now. On average, analysts expect agriculture stocks to rise by 7.85% 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 13.23x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.