The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AGCO (AGCO - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
AGCO is a member of the Industrial Products sector. This group includes 221 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. AGCO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AGCO's full-year earnings has moved 10.44% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, AGCO has moved about 23.99% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 12.73%. As we can see, AGCO is performing better than its sector in the calendar year.
Looking more specifically, AGCO belongs to the Manufacturing - Farm Equipment industry, a group that includes 6 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 28.54% so far this year, meaning that AGCO is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on AGCO as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AGCO (AGCO - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
AGCO is a member of the Industrial Products sector. This group includes 221 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. AGCO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AGCO's full-year earnings has moved 10.44% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, AGCO has moved about 23.99% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 12.73%. As we can see, AGCO is performing better than its sector in the calendar year.
Looking more specifically, AGCO belongs to the Manufacturing - Farm Equipment industry, a group that includes 6 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 28.54% so far this year, meaning that AGCO is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on AGCO as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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