For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is CECO Environmental one of those stocks right now? 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.
CECO Environmental is one of 219 individual stocks in the Industrial Products sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CECO Environmental is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CECE's full-year earnings has moved 16.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CECE has gained about 86.2% so far this year. In comparison, Industrial Products companies have returned an average of -17%. This means that CECO Environmental is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Greif (GEF - Free Report) . The stock has returned 10.7% year-to-date.
For Greif, the consensus EPS estimate for the current year has increased 4.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, CECO Environmental is a member of the Pollution Control industry, which includes 8 individual companies and currently sits at #33 in the Zacks Industry Rank. On average, this group has lost an average of 15% so far this year, meaning that CECE is performing better in terms of year-to-date returns.
On the other hand, Greif belongs to the Containers - Paper and Packaging industry. This 11-stock industry is currently ranked #149. The industry has moved -7.9% year to date.
CECO Environmental and Greif could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is CECO Environmental one of those stocks right now? 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.
CECO Environmental is one of 219 individual stocks in the Industrial Products sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CECO Environmental is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CECE's full-year earnings has moved 16.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CECE has gained about 86.2% so far this year. In comparison, Industrial Products companies have returned an average of -17%. This means that CECO Environmental is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Greif (GEF - Free Report) . The stock has returned 10.7% year-to-date.
For Greif, the consensus EPS estimate for the current year has increased 4.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, CECO Environmental is a member of the Pollution Control industry, which includes 8 individual companies and currently sits at #33 in the Zacks Industry Rank. On average, this group has lost an average of 15% so far this year, meaning that CECE is performing better in terms of year-to-date returns.
On the other hand, Greif belongs to the Containers - Paper and Packaging industry. This 11-stock industry is currently ranked #149. The industry has moved -7.9% year to date.
CECO Environmental and Greif could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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