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Is Albany International (AIN) Stock Outpacing Its Industrial Products Peers This Year?
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Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Albany International (AIN - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Albany International is a member of the Industrial Products sector. This group includes 188 individual stocks and currently holds a Zacks Sector Rank of #10. 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 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. Albany International is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AIN's full-year earnings has moved 17.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AIN has moved about 35.9% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 8.7%. This means that Albany International is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Parker-Hannifin (PH - Free Report) . The stock has returned 9.8% year-to-date.
Over the past three months, Parker-Hannifin's consensus EPS estimate for the current year has increased 6.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Albany International is a member of the Textile - Products industry, which includes 2 individual companies and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 38.2% so far this year, so AIN is slightly underperforming its industry in this area.
On the other hand, Parker-Hannifin belongs to the Manufacturing - General Industrial industry. This 43-stock industry is currently ranked #82. The industry has moved +7.8% year to date.
Albany International and Parker-Hannifin could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Is Albany International (AIN) Stock Outpacing Its Industrial Products Peers This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Albany International (AIN - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Albany International is a member of the Industrial Products sector. This group includes 188 individual stocks and currently holds a Zacks Sector Rank of #10. 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 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. Albany International is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AIN's full-year earnings has moved 17.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AIN has moved about 35.9% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 8.7%. This means that Albany International is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Parker-Hannifin (PH - Free Report) . The stock has returned 9.8% year-to-date.
Over the past three months, Parker-Hannifin's consensus EPS estimate for the current year has increased 6.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Albany International is a member of the Textile - Products industry, which includes 2 individual companies and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 38.2% so far this year, so AIN is slightly underperforming its industry in this area.
On the other hand, Parker-Hannifin belongs to the Manufacturing - General Industrial industry. This 43-stock industry is currently ranked #82. The industry has moved +7.8% year to date.
Albany International and Parker-Hannifin could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.