The Industrial Products group has plenty of great stocks, but investors should always be looking for companies 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 186 different companies and currently sits at #12 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 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. 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 5.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AMBP has moved about 16% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 6.5% on a year-to-date basis. This shows that Ardagh Metal Packaging S.A. is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Crown Holdings (CCK), has outperformed the sector so far this year. The stock's year-to-date return is 21.1%.
In Crown Holdings' case, the consensus EPS estimate for the current year 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 Containers - Metal and Glass industry, which includes 3 individual stocks and currently sits at #180 in the Zacks Industry Rank. Stocks in this group have lost about 6.5% so far this year, so AMBP is performing better this group in terms of year-to-date returns. Crown Holdings is also part of the same industry.
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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