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Best Conglomerate Stocks to Buy Now (2024)

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

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

Seaboard (NYSEMKT:SEB) is the top conglomerate stock with a Zen Score of 46, which is 18 points higher than the conglomerate industry average of 28. It passed 16 out of 38 due diligence checks and has strong fundamentals. Seaboard has seen its stock lose -10.77% over the past year, underperforming other conglomerate stocks by -2 percentage points.

Brookfield Business Partners (NYSE:BBU) is the second best conglomerate stock with a Zen Score of 38, which is 10 points higher than the conglomerate industry average of 28. It passed 14 out of 38 due diligence checks and has average fundamentals. Brookfield Business Partners has seen its stock return 5.03% over the past year, overperforming other conglomerate stocks by 14 percentage points.

Brookfield Business Partners has an average 1 year price target of $29.50, an upside of 51.98% from Brookfield Business Partners's current stock price of $19.41.

Brookfield Business Partners stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Brookfield Business Partners, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Matthews International (NASDAQ:MATW) is the third best conglomerate stock with a Zen Score of 37, which is 9 points higher than the conglomerate industry average of 28. It passed 13 out of 38 due diligence checks and has average fundamentals. Matthews International has seen its stock lose -23.03% over the past year, underperforming other conglomerate stocks by -14 percentage points.

Matthews International has an average 1 year price target of $59.00, an upside of 101.5% from Matthews International's current stock price of $29.28.

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

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

Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 26.9%, which is 24 percentage points higher than the conglomerate industry average of 2.57%. Icahn Enterprises's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Icahn Enterprises's dividend has not shown consistent growth over the last 10 years.

Icahn Enterprises's dividend payout ratio of -454.5% indicates that its high dividend yield might not be sustainable for the long-term.

Compass Diversified Holdings (NYSE:CODI) has an annual dividend yield of 4.49%, which is 2 percentage points higher than the conglomerate industry average of 2.57%. Compass Diversified Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Compass Diversified Holdings's dividend has not shown consistent growth over the last 10 years.

Compass Diversified Holdings's dividend payout ratio of 416.7% indicates that its dividend yield might not be sustainable for the long-term.

Matthews International (NASDAQ:MATW) has an annual dividend yield of 3.24%, which is 1 percentage points higher than the conglomerate industry average of 2.57%. Matthews International's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Matthews International's dividend has shown consistent growth over the last 10 years.

Matthews International's dividend payout ratio of 109.3% indicates that its dividend yield might not be sustainable for the long-term.

Conglomerate stocks were down -0.56% in the last day, and up 3.76% over the last week.

We couldn't find a catalyst for why conglomerate stocks are down.

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

Seaboard (NYSEMKT:SEB) is the most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Seaboard has a valuation score of 71, which is 42 points higher than the conglomerate industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Seaboard's stock has dropped -10.77% in the past year. It has underperformed other stocks in the conglomerate industry by -2 percentage points.

Brookfield Business Partners (NYSE:BBU) is the second most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Brookfield Business Partners has a valuation score of 71, which is 42 points higher than the conglomerate industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Brookfield Business Partners's stock has gained 5.03% in the past year. It has overperformed other stocks in the conglomerate industry by 14 percentage points.

Matthews International (NASDAQ:MATW) is the third most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Matthews International has a valuation score of 57, which is 28 points higher than the conglomerate industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Matthews International's stock has dropped -23.03% in the past year. It has underperformed other stocks in the conglomerate industry by -14 percentage points.