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Has Crown Holdings (CCK) Outpaced Other Industrial Products Stocks This Year?

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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Crown Holdings (CCK - 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.

Crown Holdings is a member of the Industrial Products sector. This group includes 224 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. Crown Holdings is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for CCK's full-year earnings has moved 4.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, CCK has gained about 16.9% so far this year. Meanwhile, the Industrial Products sector has returned an average of -5.9% on a year-to-date basis. This shows that Crown Holdings is outperforming its peers so far this year.

Packaging Corp. (PKG - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 14.8%.

The consensus estimate for Packaging Corp.'s current year EPS has increased 11.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Crown Holdings belongs to the Containers - Metal and Glass industry, a group that includes 3 individual companies and currently sits at #28 in the Zacks Industry Rank. On average, stocks in this group have gained 4% this year, meaning that CCK is performing better in terms of year-to-date returns.

In contrast, Packaging Corp. falls under the Containers - Paper and Packaging industry. Currently, this industry has 12 stocks and is ranked #104. Since the beginning of the year, the industry has moved -0.4%.

Investors with an interest in Industrial Products stocks should continue to track Crown Holdings and Packaging Corp. These stocks will be looking to continue their solid performance.


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