We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Has Luxfer Holdings (LXFR) Outpaced Other Industrial Products Stocks 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 Luxfer Holdings (LXFR - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Luxfer Holdings is one of 213 companies in the Industrial Products group. The Industrial Products group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. LXFR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for LXFR's full-year earnings has moved 17.61% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, LXFR has returned 60.32% so far this year. At the same time, Industrial Products stocks have lost an average of 12.46%. This means that Luxfer Holdings is outperforming the sector as a whole this year.
To break things down more, LXFR belongs to the Manufacturing - General Industrial industry, a group that includes 37 individual companies and currently sits at #90 in the Zacks Industry Rank. This group has lost an average of 4.17% so far this year, so LXFR is performing better in this area.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to LXFR as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Luxfer Holdings (LXFR) Outpaced Other Industrial Products Stocks 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 Luxfer Holdings (LXFR - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Luxfer Holdings is one of 213 companies in the Industrial Products group. The Industrial Products group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. LXFR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for LXFR's full-year earnings has moved 17.61% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, LXFR has returned 60.32% so far this year. At the same time, Industrial Products stocks have lost an average of 12.46%. This means that Luxfer Holdings is outperforming the sector as a whole this year.
To break things down more, LXFR belongs to the Manufacturing - General Industrial industry, a group that includes 37 individual companies and currently sits at #90 in the Zacks Industry Rank. This group has lost an average of 4.17% so far this year, so LXFR is performing better in this area.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to LXFR as it looks to continue its solid performance.