Zacks.com featured highlights Abercrombie & Fitch, Owens Corning, Belden, Hexcel and Consolidated Water
For Immediate Release
Chicago, IL – September 12, 2023 – Stocks in this week’s article are Abercrombie & Fitch Co. ANF, Owens Corning OC, Belden Inc. BDC, Hexcel Corp. HXL and Consolidated Water Co. Ltd. CWCO.
5 Stocks with Upgraded Broker Ratings for Attractive Returns
At present, the macroeconomic backdrop continues to be volatile. Hence, it is difficult for individual investors to pick stocks independently and generate solid returns.
One way to choose the right stocks in the current situation is to follow rating upgrades by brokers. In this regard, stocks like Abercrombie & Fitch Co., Owens Corning, Belden Inc., Hexcel Corp. and Consolidated Water Co. Ltd. are worth a look.
As brokers directly communicate with the top management, they have a better insight into what is happening in a particular company. They accurately evaluate companies’ publicly available documents and even attend conference calls.
Brokers have more understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.
Hence, when brokers upgrade a stock, you can rely on their judgment. But solely depending on broker upgrades is not a good way to build your investment portfolio. Several other factors should be taken into consideration to ensure steady returns.
Here are five of the 11 stocks that qualified for the screening:
New Albany, OH-based Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel for men, women and kids. ANF sells its products through a network of more than 750 stores across North America, Europe, Asia and the Middle East, as well as e-commerce sites.
ANF’s earnings for fiscal 2024 are expected to surge 1600%. Abercrombie & Fitch, currently sporting a Zacks Rank #1, has witnessed a 12.5% upward revision in broker ratings over the past four weeks.
Headquartered in Toledo, OH, Owens Corning is a world leader in building materials systems and composite solutions. OC’s products include glass fiber that is used to support composite materials for transportation, electronics, marine, infrastructure, wind energy and other high-performance markets for insulation as well as roofing for residential, commercial and industrial applications.
Owens Corning’s 2023 earnings are projected to increase 5.5%. OC, sporting a Zacks Rank #1 at present, has witnessed an 8.3% upward revision in broker ratings over the past four weeks.
Belden, based in Saint Louis, MO, offers a portfolio of signal transmission solutions in the Americas, Europe, the Middle East, Africa and the Asia-Pacific. BDC operates through two segments -- Enterprise Solutions and Industrial Automation Solutions.
Belden’s 2023 earnings are projected to rise 13.4%. BDC, carrying a Zacks Rank #2 at present, has witnessed a 25% upward revision in broker ratings over the past four weeks.
Stamford, CT-based Hexcel develops, manufactures and distributes lightweight, high-performance structural materials for use in the Commercial Aerospace, Space & Defense and Industrial markets. HXL serves international markets through manufacturing facilities located in the United States, Asia Pacific, Europe, Russia and Africa.
HXL’s earnings for 2023 are expected to jump 50%. Hexcel, currently carrying a Zacks Rank #2, has witnessed a 7.9% upward revision in broker ratings over the past four weeks.
Headquartered in the Cayman Islands, Consolidated Water is involved in the development and operation of seawater desalination plants and water distribution systems in areas where naturally occurring supplies of potable water are scarce or nonexistent. CWCO also focuses on expanding operations in areas with a large proportion of tourist properties and a growing population.
Consolidated Water’s 2023 earnings are projected to surge 164.8%. CWCO, carrying a Zacks Rank #2 at present, has witnessed a 50% upward revision in broker ratings over the past four weeks.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2147051/5-stocks-with-upgraded-broker-ratings-for-attractive-returns
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Belden Inc (BDC) : Free Stock Analysis Report
Hexcel Corporation (HXL) : Free Stock Analysis Report
Owens Corning Inc (OC) : Free Stock Analysis Report
Consolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report
