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 Axalta Coating Systems (AXTA) Stock Outpacing Its Basic Materials Peers This Year?
Read MoreHide Full Article
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Axalta Coating Systems (AXTA - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Axalta Coating Systems is a member of the Basic Materials sector. This group includes 275 individual stocks and currently holds a Zacks Sector Rank of #12. 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 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. Axalta Coating Systems is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AXTA's full-year earnings has moved 0.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AXTA has returned about 9.7% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of 8.1%. As we can see, Axalta Coating Systems is performing better than its sector in the calendar year.
Carpenter Technology (CRS - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 78%.
For Carpenter Technology, the consensus EPS estimate for the current year has increased 6.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Axalta Coating Systems is a member of the Chemical - Specialty industry, which includes 46 individual companies and currently sits at #92 in the Zacks Industry Rank. This group has gained an average of 13% so far this year, so AXTA is slightly underperforming its industry in this area.
On the other hand, Carpenter Technology belongs to the Steel - Speciality industry. This 6-stock industry is currently ranked #4. The industry has moved +66.8% year to date.
Axalta Coating Systems and Carpenter Technology could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Is Axalta Coating Systems (AXTA) Stock Outpacing Its Basic Materials Peers This Year?
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Axalta Coating Systems (AXTA - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Axalta Coating Systems is a member of the Basic Materials sector. This group includes 275 individual stocks and currently holds a Zacks Sector Rank of #12. 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 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. Axalta Coating Systems is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AXTA's full-year earnings has moved 0.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AXTA has returned about 9.7% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of 8.1%. As we can see, Axalta Coating Systems is performing better than its sector in the calendar year.
Carpenter Technology (CRS - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 78%.
For Carpenter Technology, the consensus EPS estimate for the current year has increased 6.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Axalta Coating Systems is a member of the Chemical - Specialty industry, which includes 46 individual companies and currently sits at #92 in the Zacks Industry Rank. This group has gained an average of 13% so far this year, so AXTA is slightly underperforming its industry in this area.
On the other hand, Carpenter Technology belongs to the Steel - Speciality industry. This 6-stock industry is currently ranked #4. The industry has moved +66.8% year to date.
Axalta Coating Systems and Carpenter Technology could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.