U.S. Markets closed

Why Innospec (IOSP) Stock Might be a Great Pick

Zacks Equity Research
1 / 2

OPEC Spat & Trade Tension Drag Down Oil: ETFs to Profit

Oil prices have drifted lower on a host of tensions. These inverse ETFs should help you to gain out of this situation.

One stock that might be an intriguing choice for investors right now is Innospec Inc. IOSP. This is because this security in the Chemical - Diversified space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Chemical - Diversified space as it currently has a Zacks Industry Rank of 50 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Innospec is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Innospec Inc. Price and Consensus

Innospec Inc. Price and Consensus | Innospec Inc. Quote

In fact, over the past month, current quarter estimates have risen from $1.08 per share to $1.11 per share, while current year estimates have risen from $4.30 per share to $4.40 per share. This has helped IOSP to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Innospec. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>


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
 
Innospec Inc. (IOSP) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research