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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
TEX
TEREX CORP
NYSE
Farm & Heavy Construction Machinery
$3.75B$55.75-1.36%$704.20M7.31x1.17
WNC
WABASH NATIONAL CORP
NYSE
Farm & Heavy Construction Machinery
$928.37M$20.620.05%$321.77M4.85x1.52
PCAR
PACCAR INC
NASDAQ
Farm & Heavy Construction Machinery
$55.56B$106.00-1.33%$7.84B10.97x1.39
CAT
CATERPILLAR INC
NYSE
Farm & Heavy Construction Machinery
$160.14B$327.31-0.70%$16.67B14.70x3.75
OSK
OSHKOSH CORP
NYSE
Farm & Heavy Construction Machinery
$7.05B$107.83-1.79%$1.15B10.24x1.48
HY
HYSTER-YALE INC
NYSE
Farm & Heavy Construction Machinery
$1.31B$74.64-1.93%$301.70M8.53x4.10
ASTE
ASTEC INDUSTRIES INC
NASDAQ
Farm & Heavy Construction Machinery
$714.83M$31.400.35%$66.30M28.81x0.73
ALG
ALAMO GROUP INC
NYSE
Farm & Heavy Construction Machinery
$2.16B$179.20-2.01%$248.21M15.84x0.59
REVG
REV GROUP INC
NYSE
Farm & Heavy Construction Machinery
$1.36B$26.13-4.22%$372.00M6.33x2.50
LNN
LINDSAY CORP
NYSE
Farm & Heavy Construction Machinery
$1.27B$115.451.33%$118.04M18.38x0.58
AGCO
AGCO CORP
NYSE
Farm & Heavy Construction Machinery
$7.60B$101.840.22%$1.59B6.88x1.83
CMCO
COLUMBUS MCKINNON CORP
NASDAQ
Farm & Heavy Construction Machinery
$1.05B$36.44-0.27%$155.16M22.49x1.07
MNTX
MANITEX INTERNATIONAL INC
NASDAQ
Farm & Heavy Construction Machinery
$102.63M$5.04-5.62%$26.47M10.96x2.45
DE
DEERE & CO
NYSE
Farm & Heavy Construction Machinery
$100.62B$365.13-0.86%$17.13B10.94x3.65
GENC
GENCOR INDUSTRIES INC
NYSEMKT
Farm & Heavy Construction Machinery
$284.80M$19.43-0.46%$24.25M16.90x0.07
MTW
MANITOWOC CO INC
NYSE
Farm & Heavy Construction Machinery
$418.32M$11.77-0.34%$125.20M14.90x1.99
CNH
CNH INDUSTRIAL NV
NYSE
Farm & Heavy Construction Machinery
$16.22B$9.96-1.48%$4.84B5.69x4.78
TWI
TITAN INTERNATIONAL INC
NYSE
Farm & Heavy Construction Machinery
$546.53M$7.500.00%$139.08M8.33x1.88
CEAD
CEA INDUSTRIES INC
NASDAQ
Farm & Heavy Construction Machinery
$4.62M$6.750.60%-$3.29M-1.34x0.11
NKLA
NIKOLA CORP
NASDAQ
Farm & Heavy Construction Machinery
$664.71M$0.49-1.01%-$837.00M-0.50x0.97
LEV
LION ELECTRIC CO
NYSE
Farm & Heavy Construction Machinery
$243.85M$1.09-2.68%-$53.54M-2.22x1.43
SHYF
SHYFT GROUP INC
NASDAQ
Farm & Heavy Construction Machinery
$433.46M$12.61-0.24%$19.16MN/A1.06
UGRO
URBAN-GRO INC
NASDAQ
Farm & Heavy Construction Machinery
$16.51M$1.343.08%-$13.91M-1.00x2.02
ARTW
ARTS WAY MANUFACTURING CO INC
NASDAQ
Farm & Heavy Construction Machinery
$8.72M$1.724.24%$1.04M-15.64x1.17
HYFM
HYDROFARM HOLDINGS GROUP INC
NASDAQ
Farm & Heavy Construction Machinery
$35.86M$0.782.09%-$3.86M-0.59x0.78
IDEX
IDEANOMICS INC
NASDAQ
Farm & Heavy Construction Machinery
$10.99M$0.920.33%-$346.21M-0.01x7.80

Agriculture Stocks FAQ

What are the best agriculture stocks to buy right now in Jun 2024?

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

1. Terex (NYSE:TEX)


Terex (NYSE:TEX) is the top agriculture stock with a Zen Score of 63, which is 24 points higher than the agriculture industry average of 39. It passed 24 out of 38 due diligence checks and has strong fundamentals. Terex has seen its stock lose -0.21% over the past year, underperforming other agriculture stocks by -4 percentage points.

Terex has an average 1 year price target of $63.13, an upside of 13.23% from Terex's current stock price of $55.75.

Terex stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Terex, 12.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 62.5% have issued a hold, while 12.5% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Paccar (NASDAQ:PCAR)


Paccar (NASDAQ:PCAR) is the second best agriculture stock with a Zen Score of 58, which is 19 points higher than the agriculture industry average of 39. It passed 22 out of 38 due diligence checks and has strong fundamentals. Paccar has seen its stock return 36.32% over the past year, overperforming other agriculture stocks by 32 percentage points.

Paccar has an average 1 year price target of $118.71, an upside of 11.99% from Paccar's current stock price of $106.00.

Paccar stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Paccar, 42.86% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Wabash National (NYSE:WNC)


Wabash National (NYSE:WNC) 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. Wabash National has seen its stock lose -22.28% over the past year, underperforming other agriculture stocks by -26 percentage points.

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:CNH)


Cnh Industrial Nv (NYSE:CNH) has an annual dividend yield of 4.72%, which is 3 percentage points higher than the agriculture industry average of 1.83%. 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 high dividend yield might not be sustainable for the long-term.

2. Paccar (NASDAQ:PCAR)


Paccar (NASDAQ:PCAR) has an annual dividend yield of 4.07%, which is 2 percentage points higher than the agriculture industry average of 1.83%. 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.

3. Agco (NYSE:AGCO)


Agco (NYSE:AGCO) has an annual dividend yield of 3.59%, which is 2 percentage points higher than the agriculture industry average of 1.83%. 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 dividend yield is sustainable for the long-term.

Why are agriculture stocks down?

Agriculture stocks were down -0.89% in the last day, and down -0.78% 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. Columbus Mckinnon (NASDAQ:CMCO)


Columbus Mckinnon (NASDAQ:CMCO) is the most undervalued agriculture stock based on WallStreetZen's Valuation Score. Columbus Mckinnon 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.

Columbus Mckinnon's stock has dropped -11.47% in the past year. It has underperformed other stocks in the agriculture industry by -16 percentage points.

2. Manitowoc Co (NYSE:MTW)


Manitowoc Co (NYSE:MTW) is the second most undervalued agriculture stock based on WallStreetZen's Valuation Score. Manitowoc Co 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.

Manitowoc Co's stock has dropped -33.24% in the past year. It has underperformed other stocks in the agriculture industry by -37 percentage points.

3. Manitex International (NASDAQ:MNTX)


Manitex International (NASDAQ:MNTX) is the third most undervalued agriculture stock based on WallStreetZen's Valuation Score. Manitex International has a valuation score of 43, which is 11 points higher than the agriculture industry average of 32. It passed 3 out of 7 valuation due diligence checks.

Manitex International's stock has gained 12% in the past year. It has overperformed other stocks in the agriculture industry by 8 percentage points.

Are agriculture stocks a good buy now?

44.44% of agriculture stocks rated by analysts are a buy right now. On average, analysts expect agriculture stocks to rise by 18.4% 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 12.28x.
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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.