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 Ardagh Metal Packaging S.A. (AMBP) 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.
Ardagh Metal Packaging S.A. is a member of our Industrial Products group, which includes 187 different companies and currently sits at #9 in 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 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. Ardagh Metal Packaging S.A. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AMBP's full-year earnings has moved 4.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, AMBP has returned 25.9% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 5.9% on average. As we can see, Ardagh Metal Packaging S.A. is performing better than its sector in the calendar year.
Crown Holdings (CCK) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.5%.
The consensus estimate for Crown Holdings' current year EPS has increased 4.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ardagh Metal Packaging S.A. belongs to the Metal Products - Procurement and Fabrication industry, a group that includes 7 individual stocks and currently sits at #14 in the Zacks Industry Rank. Stocks in this group have gained about 22.4% so far this year, so AMBP is performing better this group in terms of year-to-date returns.
In contrast, Crown Holdings falls under the Containers - Metal and Glass industry. Currently, this industry has 3 stocks and is ranked #95. Since the beginning of the year, the industry has moved -1%.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Ardagh Metal Packaging S.A. and Crown Holdings as they could maintain their solid performance.
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Ardagh Metal Packaging S.A. (AMBP): Free Stock Analysis Report Crown Holdings, Inc. (CCK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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