Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Ardagh Metal Packaging S.A. (AMBP) one of those stocks right now? 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 the Industrial Products sector. This group includes 189 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 13.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AMBP has moved about 30.2% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have lost about 1.9% on average. This means that Ardagh Metal Packaging S.A. is performing better than its sector in terms of year-to-date returns.
Atlas Copco AB (ATLKY) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 6.3%.
Over the past three months, Atlas Copco AB's consensus EPS estimate for the current year has increased 3.6%. 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 9 individual stocks and currently sits at #91 in the Zacks Industry Rank. Stocks in this group have gained about 2.2% so far this year, so AMBP is performing better this group in terms of year-to-date returns.
Atlas Copco AB, however, belongs to the Manufacturing - General Industrial industry. Currently, this 38-stock industry is ranked #144. The industry has moved -0.1% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Ardagh Metal Packaging S.A. and Atlas Copco AB as they attempt to continue their solid performance.
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Ardagh Metal Packaging S.A. (AMBP): Free Stock Analysis Report Atlas Copco AB (ATLKY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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