We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Akzo Nobel (AKZOY) Stock Outpacing Its Basic Materials Peers This Year?
Read MoreHide Full Article
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Akzo Nobel (AKZOY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AKZOY and the rest of the Basic Materials group's stocks.
Akzo Nobel is one of 239 companies in the Basic Materials group. The Basic Materials group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AKZOY is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AKZOY's full-year earnings has moved 2.94% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AKZOY has returned about 5.80% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of -4.27%. This means that Akzo Nobel is performing better than its sector in terms of year-to-date returns.
Looking more specifically, AKZOY belongs to the Chemical - Diversified industry, a group that includes 44 individual stocks and currently sits at #94 in the Zacks Industry Rank. On average, this group has lost an average of 4.82% so far this year, meaning that AKZOY is performing better in terms of year-to-date returns.
AKZOY will likely be looking to continue its solid performance, so investors interested Basic Materials stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Akzo Nobel (AKZOY) Stock Outpacing Its Basic Materials Peers This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Akzo Nobel (AKZOY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AKZOY and the rest of the Basic Materials group's stocks.
Akzo Nobel is one of 239 companies in the Basic Materials group. The Basic Materials group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AKZOY is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AKZOY's full-year earnings has moved 2.94% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AKZOY has returned about 5.80% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of -4.27%. This means that Akzo Nobel is performing better than its sector in terms of year-to-date returns.
Looking more specifically, AKZOY belongs to the Chemical - Diversified industry, a group that includes 44 individual stocks and currently sits at #94 in the Zacks Industry Rank. On average, this group has lost an average of 4.82% so far this year, meaning that AKZOY is performing better in terms of year-to-date returns.
AKZOY will likely be looking to continue its solid performance, so investors interested Basic Materials stocks should continue to pay close attention to the company.