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.
Are Industrial Products Stocks Lagging AGCO (AGCO) This Year?
Read MoreHide Full Article
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 Agco (AGCO - 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.
Agco is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #4 within 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 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. Agco is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AGCO's full-year earnings has moved 15.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AGCO has returned 21.1% so far this year. In comparison, Industrial Products companies have returned an average of 5.9%. This means that Agco is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is The Japan Steel Works, Ltd. (JPSWY - Free Report) . The stock is up 72.8% year-to-date.
Over the past three months, The Japan Steel Works, Ltd.'s consensus EPS estimate for the current year has increased 9.8%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Agco belongs to the Manufacturing - Farm Equipment industry, a group that includes 7 individual stocks and currently sits at #71 in the Zacks Industry Rank. Stocks in this group have gained about 15.1% so far this year, so AGCO is performing better this group in terms of year-to-date returns.
In contrast, The Japan Steel Works, Ltd. falls under the Manufacturing - General Industrial industry. Currently, this industry has 41 stocks and is ranked #51. Since the beginning of the year, the industry has moved +6.7%.
Investors interested in the Industrial Products sector may want to keep a close eye on Agco and The Japan Steel Works, Ltd. as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Industrial Products Stocks Lagging AGCO (AGCO) This Year?
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 Agco (AGCO - 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.
Agco is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #4 within 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 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. Agco is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AGCO's full-year earnings has moved 15.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AGCO has returned 21.1% so far this year. In comparison, Industrial Products companies have returned an average of 5.9%. This means that Agco is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is The Japan Steel Works, Ltd. (JPSWY - Free Report) . The stock is up 72.8% year-to-date.
Over the past three months, The Japan Steel Works, Ltd.'s consensus EPS estimate for the current year has increased 9.8%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Agco belongs to the Manufacturing - Farm Equipment industry, a group that includes 7 individual stocks and currently sits at #71 in the Zacks Industry Rank. Stocks in this group have gained about 15.1% so far this year, so AGCO is performing better this group in terms of year-to-date returns.
In contrast, The Japan Steel Works, Ltd. falls under the Manufacturing - General Industrial industry. Currently, this industry has 41 stocks and is ranked #51. Since the beginning of the year, the industry has moved +6.7%.
Investors interested in the Industrial Products sector may want to keep a close eye on Agco and The Japan Steel Works, Ltd. as they attempt to continue their solid performance.