Industrials stocks have been slammed so far in 2020, and that has Wall Street's analysts pounding the table for select names in the beaten-down sector.
There's little wonder why. The sweeping coronavirus pandemic and related lockdowns have derailed economies around the globe. As a result, the highly cyclical industrials sector is off more than 12% year-to-date. That lags the broader market by a wide margin.
Of course, anywhere you find carnage, you'll find a few bargains, too. And analysts recently have targeted a few industrial stocks to buy for their apparent value and growth prospects.
To get a sense of where those discounts might lie, we surveyed the S&P 500 for industrial sector stocks with some of the strongest analyst ratings on Wall Street, according to S&P Capital IQ.
Here's how it works: S&P Capital IQ surveys analysts' stock calls and scores them on a five-point scale, where 1.0 equals a Strong Buy and 5.0 is a Strong Sell. Any score lower than 2.5 means that analysts, on average, rate the stock as a Buy. Scores of 1.5 and below mean the stock is a Strong Buy. Either way, the closer a stock's score gets to 1.0, the more bullish analysts are about its prospects.
After sorting through the S&P 500, we found buy-rated stocks across the industrial sector, from data analytics to defense contractors. Read on as we look at five of the top-rated industrial stocks to buy in these turbulent times.