We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is AkzoNobel (AKZOY) Stock Outpacing Its Basic Materials Peers This Year?
Read MoreHide Full Article
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Akzo Nobel NV (AKZOY - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
Akzo Nobel NV is a member of the Basic Materials sector. This group includes 232 individual stocks and currently holds a Zacks Sector Rank of #13. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Akzo Nobel NV is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AKZOY's full-year earnings has moved 10.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AKZOY has gained about 17.3% so far this year. In comparison, Basic Materials companies have returned an average of 9.6%. This shows that Akzo Nobel NV is outperforming its peers so far this year.
Another Basic Materials stock, which has outperformed the sector so far this year, is Compass Minerals (CMP - Free Report) . The stock has returned 78% year-to-date.
For Compass Minerals, the consensus EPS estimate for the current year has increased 25.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Akzo Nobel NV belongs to the Chemical - Diversified industry, which includes 28 individual stocks and currently sits at #212 in the Zacks Industry Rank. On average, stocks in this group have lost 15.6% this year, meaning that AKZOY is performing better in terms of year-to-date returns. Compass Minerals is also part of the same industry.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Akzo Nobel NV and Compass Minerals as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is AkzoNobel (AKZOY) Stock Outpacing Its Basic Materials Peers This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Akzo Nobel NV (AKZOY - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
Akzo Nobel NV is a member of the Basic Materials sector. This group includes 232 individual stocks and currently holds a Zacks Sector Rank of #13. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Akzo Nobel NV is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AKZOY's full-year earnings has moved 10.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AKZOY has gained about 17.3% so far this year. In comparison, Basic Materials companies have returned an average of 9.6%. This shows that Akzo Nobel NV is outperforming its peers so far this year.
Another Basic Materials stock, which has outperformed the sector so far this year, is Compass Minerals (CMP - Free Report) . The stock has returned 78% year-to-date.
For Compass Minerals, the consensus EPS estimate for the current year has increased 25.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Akzo Nobel NV belongs to the Chemical - Diversified industry, which includes 28 individual stocks and currently sits at #212 in the Zacks Industry Rank. On average, stocks in this group have lost 15.6% this year, meaning that AKZOY is performing better in terms of year-to-date returns. Compass Minerals is also part of the same industry.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Akzo Nobel NV and Compass Minerals as they could maintain their solid performance.