For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Ball (BALL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Ball is one of 190 companies in the Industrial Products group. The Industrial Products group currently sits at #12 within 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Ball is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BALL's full-year earnings has moved 1.4% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BALL has gained about 6% so far this year. At the same time, Industrial Products stocks have gained an average of 5.2%. This shows that Ball is outperforming its peers so far this year.
One other Industrial Products stock that has outperformed the sector so far this year is Siemens AG (SIEGY). The stock is up 32% year-to-date.
The consensus estimate for Siemens AG's current year EPS has increased 8.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Ball is a member of the Containers - Metal and Glass industry, which includes 3 individual companies and currently sits at #30 in the Zacks Industry Rank. Stocks in this group have gained about 14.4% so far this year, so BALL is slightly underperforming its industry this group in terms of year-to-date returns.
In contrast, Siemens AG falls under the Industrial Services industry. Currently, this industry has 18 stocks and is ranked #57. Since the beginning of the year, the industry has moved +1.7%.
Ball and Siemens AG could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Ball Corporation (BALL): Free Stock Analysis Report Siemens AG (SIEGY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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