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Is Akzo Nobel (AKZOY) Outperforming Other Basic Materials Stocks This Year?
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Akzo Nobel (AKZOY - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Akzo Nobel is a member of our Basic Materials group, which includes 240 different companies and currently sits at #10 in 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AKZOY is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AKZOY's full-year earnings has moved 2.19% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AKZOY has moved about 4.46% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of -2.93% on a year-to-date basis. This shows that Akzo Nobel is outperforming its peers so far this year.
Breaking things down more, AKZOY is a member of the Chemical - Diversified industry, which includes 44 individual companies and currently sits at #84 in the Zacks Industry Rank. On average, this group has lost an average of 5.55% so far this year, meaning that AKZOY is performing better in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to AKZOY as it looks to continue its solid performance.
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Is Akzo Nobel (AKZOY) Outperforming Other Basic Materials Stocks This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Akzo Nobel (AKZOY - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Akzo Nobel is a member of our Basic Materials group, which includes 240 different companies and currently sits at #10 in 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AKZOY is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AKZOY's full-year earnings has moved 2.19% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AKZOY has moved about 4.46% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of -2.93% on a year-to-date basis. This shows that Akzo Nobel is outperforming its peers so far this year.
Breaking things down more, AKZOY is a member of the Chemical - Diversified industry, which includes 44 individual companies and currently sits at #84 in the Zacks Industry Rank. On average, this group has lost an average of 5.55% so far this year, meaning that AKZOY is performing better in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to AKZOY as it looks to continue its solid performance.