Advertisement
U.S. markets open in 4 hours 58 minutes
  • S&P Futures

    5,304.00
    -4.25 (-0.08%)
     
  • Dow Futures

    40,110.00
    -34.00 (-0.08%)
     
  • Nasdaq Futures

    18,492.25
    -11.50 (-0.06%)
     
  • Russell 2000 Futures

    2,134.50
    -3.90 (-0.18%)
     
  • Crude Oil

    81.79
    +0.44 (+0.54%)
     
  • Gold

    2,213.50
    +0.80 (+0.04%)
     
  • Silver

    24.55
    -0.20 (-0.82%)
     
  • EUR/USD

    1.0796
    -0.0034 (-0.31%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Vix

    12.97
    +0.19 (+1.49%)
     
  • GBP/USD

    1.2608
    -0.0030 (-0.24%)
     
  • USD/JPY

    151.3650
    +0.1190 (+0.08%)
     
  • Bitcoin USD

    70,490.79
    +627.15 (+0.90%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,950.79
    +18.81 (+0.24%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Is Albany International (AIN) Stock Outpacing Its Industrial Products Peers 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 Albany International (AIN) 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.

Albany International is a member of our Industrial Products group, which includes 219 different companies and currently sits at #8 in the Zacks Sector Rank. 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 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. Albany International is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for AIN's full-year earnings has moved 4.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that AIN has returned about 12.8% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 12.3%. This means that Albany International is outperforming the sector as a whole this year.

Another Industrial Products stock, which has outperformed the sector so far this year, is O-I Glass (OI). The stock has returned 38.4% year-to-date.

In O-I Glass' case, the consensus EPS estimate for the current year increased 4.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Breaking things down more, Albany International is a member of the Textile - Products industry, which includes 2 individual companies and currently sits at #215 in the Zacks Industry Rank. On average, stocks in this group have gained 2.5% this year, meaning that AIN is performing better in terms of year-to-date returns.

On the other hand, O-I Glass belongs to the Glass Products industry. This 6-stock industry is currently ranked #36. The industry has moved -3% year to date.

Albany International and O-I Glass could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Albany International Corporation (AIN) : Free Stock Analysis Report
 
OI Glass, Inc. (OI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement