Investors focused on the Basic Materials space have likely heard of AgroFresh Solutions , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
AgroFresh Solutions is one of 239 individual stocks in the Basic Materials sector. Collectively, these companies sit at #4 in 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AGFS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AGFS's full-year earnings has moved 25.32% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, AGFS has gained about 12.02% so far this year. Meanwhile, the Basic Materials sector has returned an average of -7.89% on a year-to-date basis. This means that AgroFresh Solutions is performing better than its sector in terms of year-to-date returns.
Looking more specifically, AGFS belongs to the Chemical - Specialty industry, which includes 33 individual stocks and currently sits at #118 in the Zacks Industry Rank. Stocks in this group have gained about 34.16% so far this year, so AGFS is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Basic Materials stocks should continue to track AGFS. The stock will be looking to continue its solid performance.
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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.
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Investors focused on the Basic Materials space have likely heard of AgroFresh Solutions , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
AgroFresh Solutions is one of 239 individual stocks in the Basic Materials sector. Collectively, these companies sit at #4 in 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AGFS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AGFS's full-year earnings has moved 25.32% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, AGFS has gained about 12.02% so far this year. Meanwhile, the Basic Materials sector has returned an average of -7.89% on a year-to-date basis. This means that AgroFresh Solutions is performing better than its sector in terms of year-to-date returns.
Looking more specifically, AGFS belongs to the Chemical - Specialty industry, which includes 33 individual stocks and currently sits at #118 in the Zacks Industry Rank. Stocks in this group have gained about 34.16% so far this year, so AGFS is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Basic Materials stocks should continue to track AGFS. The stock will be looking 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 >>