In this piece, we will take a look at the five best fertilizer stocks to buy according to analysts. If you want a deeper look at the global fertilizer industry, then read 11 Best Fertilizer Stocks To Buy According To Analysts.
5. AGCO Corporation (NYSE:AGCO)
Number of Q4 2023 Hedge Fund Shareholders: 32
Share Price Target Upside: 20.46%
Latest Average Share Price Target: $139.33
AGCO Corporation (NYSE:AGCO) is one of the biggest agricultural equipment companies in the world. Its shares are rated Buy on average, and the average analyst share price target is $139.33.
By the end of last year’s fourth quarter, 32 out of the 933 hedge funds covered by Insider Monkey’s research had invested in the firm. AGCO Corporation (NYSE:AGCO)’s biggest stakeholder among these is Cliff Asness’s AQR Capital Management as it holds $133 million worth of shares.
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Follow Agco Corp (NYSE:AGCO)
4. Nutrien Ltd. (NYSE:NTR)
Number of Q4 2023 Hedge Fund Shareholders: 39
Share Price Target Upside: 24.49%
Latest Average Share Price Target: $66.99
Nutrien Ltd. (NYSE:NTR) is one of the biggest nitrogen and fertilizer companies in the world. The fact that it’s missed analyst EPS estimates in all four latest quarters is unsurprising, as global potash prices have been on a downward trend lately as the market stabilizes after the disruption from the Russian invasion of Ukraine.
During Q4 2023, 39 out of the 933 hedge funds profiled by Insider Monkey had bought Nutrien Ltd. (NYSE:NTR)’s shares. Jean-Marie Eveillard’s First Eagle Investment Management was the firm’s largest shareholder through its $536 million investment.
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Follow Nutrien Ltd. (NASDAQ:NTR)
3. American Vanguard Corporation (NYSE:AVD)
Number of Q4 2023 Hedge Fund Shareholders: 20
Share Price Target Upside: 49.70%
Latest Average Share Price Target: $17.50
American Vanguard Corporation (NYSE:AVD) is a plant nutrition company headquartered in Newport Beach, California. Even though its fourth quarter earnings report saw annual revenue and profit growth, the EPS of 25 cents missed analyst estimates of 26 cents.
During Q4 2023, 20 out of the 933 hedge funds tracked by Insider Monkey were American Vanguard Corporation (NYSE:AVD)’s shareholders. Keith M. Rosenbloom’s Cruiser Capital Advisors owned the biggest stake which was worth $10.6 million.
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Follow American Vanguard Corp (NYSE:AVD)
2. Bioceres Crop Solutions Corp. (NASDAQ:BIOX)
Number of Q4 2023 Hedge Fund Shareholders: 10
Share Price Target Upside: 58.57%
Latest Average Share Price Target: $20.25
Bioceres Crop Solutions Corp. (NASDAQ:BIOX) is a specialty fertilizer company that sells products such as granulated fertilizers. It’s one of the strongest rated stocks on our list, as the shares are rated Strong Buy on average.
During last year’s December quarter, ten out of the 933 hedge funds part of Insider Monkey’s database had bought the firm’s shares. The largest Bioceres Crop Solutions Corp. (NASDAQ:BIOX) hedge fund shareholder is Craig Peskin and Peter Fleiss’s Solel Partners as it owns $62.8 million worth of shares.
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Follow Bioceres Crop Solutions Corp. (NYSE:BIOX)
1. Lavoro Limited (NASDAQ:LVRO)
Number of Q4 2023 Hedge Fund Shareholders: 5
Share Price Target Upside: 79.07%
Latest Average Share Price Target: $9.67
Lavoro Limited (NASDAQ:LVRO) is a Brazilian company that operates in Latin and South America. It sells a variety of products including fertilizers and pesticides. The firm’s second fiscal quarter of 2024 results provided a mixed picture as while revenue grew by 1% in a tough environment, gross profit dropped by 17% to 103 million.
As of Q4 2023 end, five out of the 933 hedge funds covered by Insider Monkey’s research had bought Lavoro Limited (NASDAQ:LVRO)’s shares.
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Follow Lavoro Ltd
Disclosure: None. You can also take a look at 20 Biggest Natural Gas Companies in the World and 15 NATO Members with the Largest Militaries.
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