Is Ardagh Metal Packaging (AMBP) Outperforming Other Industrial Products Stocks This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Ardagh Metal Packaging S.A. (AMBP) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Ardagh Metal Packaging S.A. is one of 187 companies in the Industrial Products group. The Industrial Products group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.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. Ardagh Metal Packaging S.A. is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for AMBP's full-year earnings has moved 5.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.According to our latest data, AMBP has moved about 36.5% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 9%. This means that Ardagh Metal Packaging S.A. is performing better than its sector in terms of year-to-date returns.Another stock in the Industrial Products sector, Crown Holdings (CCK), has outperformed the sector so far this year. The stock's year-to-date return is 18.3%.For Crown Holdings, the consensus EPS estimate for the current year has increased 4.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Ardagh Metal Packaging S.A. belongs to the Containers - Metal and Glass industry, a group that includes 3 individual stocks and currently sits at #179 in the Zacks Industry Rank. Stocks in this group have lost about 2.8% so far this year, so AMBP is performing better this group in terms of year-to-date returns. Crown Holdings is also part of the same industry.Investors with an interest in Industrial Products stocks should continue to track Ardagh Metal Packaging S.A. and Crown Holdings. These stocks will be looking to continue their solid performance.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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 Ardagh Metal Packaging S.A. (AMBP): Free Stock Analysis Report Crown Holdings, Inc. (CCK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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Quelle: Zacks