For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Luxfer Holdings (LXFR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Luxfer Holdings is one of 213 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. LXFR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for LXFR's full-year earnings has moved 15.17% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, LXFR has moved about 19.18% on a year-to-date basis. At the same time, Industrial Products stocks have lost an average of 19.49%. This shows that Luxfer Holdings is outperforming its peers so far this year.
To break things down more, LXFR belongs to the Manufacturing - General Industrial industry, a group that includes 37 individual companies and currently sits at #86 in the Zacks Industry Rank. Stocks in this group have lost about 12.81% so far this year, so LXFR is performing better this group in terms of year-to-date returns.
LXFR will likely be looking to continue its solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to the company.
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 >>
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Luxfer Holdings (LXFR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Luxfer Holdings is one of 213 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. LXFR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for LXFR's full-year earnings has moved 15.17% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, LXFR has moved about 19.18% on a year-to-date basis. At the same time, Industrial Products stocks have lost an average of 19.49%. This shows that Luxfer Holdings is outperforming its peers so far this year.
To break things down more, LXFR belongs to the Manufacturing - General Industrial industry, a group that includes 37 individual companies and currently sits at #86 in the Zacks Industry Rank. Stocks in this group have lost about 12.81% so far this year, so LXFR is performing better this group in terms of year-to-date returns.
LXFR will likely be looking to continue its solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to the company.
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 >>
Get the latest research report on LXFR - FREE