Sectors & IndustriesIndustrials

Best Industrial Stocks to Buy Now (2024)

Top industrial stocks in 2024 ranked by overall Zen Score. See the best industrial stocks to buy now, according to analyst forecasts for the industrials sector.

According to Zen Score, the 3 best industrial stocks to buy right now are:

Kanzhun (NASDAQ:BZ) is the top industrial stock with a Zen Score of 73, which is 48 points higher than the industrial sector average of 25. It passed 24 out of 33 due diligence checks and has strong fundamentals. Kanzhun has seen its stock return 15.18% over the past year, underperforming other industrial stocks by -6 percentage points.

Kanzhun has an average 1 year price target of $24.00, an upside of 12.57% from Kanzhun's current stock price of $21.32.

Kanzhun stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Kanzhun, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Danaos (NYSE:DAC) is the second best industrial stock with a Zen Score of 73, which is 48 points higher than the industrial sector average of 25. It passed 27 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 43.36% over the past year, overperforming other industrial stocks by 22 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 6.41% from Danaos's current stock price of $84.58.

Danaos stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Danaos, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Cross Country Healthcare (NASDAQ:CCRN) is the third best industrial stock with a Zen Score of 70, which is 45 points higher than the industrial sector average of 25. It passed 22 out of 33 due diligence checks and has strong fundamentals. Cross Country Healthcare has seen its stock lose -39.14% over the past year, underperforming other industrial stocks by -61 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 29.14% from Cross Country Healthcare's current stock price of $15.10.

Cross Country Healthcare stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Cross Country Healthcare, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 254 industrial stocks that have issued dividends in the past year, the 3 industrial stocks with the highest dividend yields are:

Zim Integrated Shipping Services (NYSE:ZIM) has an annual dividend yield of N/A, which is N/A percentage points lower than the industrial sector average of 2.11%.

Zim Integrated Shipping Services's dividend payout ratio of -28.5% indicates that its dividend yield might not be sustainable for the long-term.

Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 26.9%, which is 25 percentage points higher than the industrial sector average of 2.11%. Icahn Enterprises's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Icahn Enterprises's dividend has not shown consistent growth over the last 10 years.

Icahn Enterprises's dividend payout ratio of -454.5% indicates that its high dividend yield might not be sustainable for the long-term.

Spirit Airlines (NYSE:SAVE) has an annual dividend yield of 22.27%, which is 20 percentage points higher than the industrial sector average of 2.11%.

Spirit Airlines's dividend payout ratio of -22.5% indicates that its high dividend yield might not be sustainable for the long-term.

Industrial stocks were up 0.29% in the last day, and up 1.39% over the last week. Prokidney was the among the top gainers in the industrials sector, gaining 33.77% yesterday.

Shares of 'meme stocks' and high-short interest stocks are trading higher amid a renewed surge in the space after popular retail trader 'Roaring Kitty' returned to social media.

Based on WallStreetZen's Valuation Score, the 3 most undervalued industrial stocks right now are:

Energy Services Of America (NASDAQ:ESOA) is the most undervalued industrial stock based on WallStreetZen's Valuation Score. Energy Services Of America has a valuation score of 100, which is 78 points higher than the industrial sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Energy Services Of America's stock has gained 188.99% in the past year. It has overperformed other stocks in the industrial sector by 167 percentage points.

Encore Wire (NASDAQ:WIRE) is the second most undervalued industrial stock based on WallStreetZen's Valuation Score. Encore Wire has a valuation score of 100, which is 78 points higher than the industrial sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 69.51% in the past year. It has overperformed other stocks in the industrial sector by 48 percentage points.

Resources Connection (NASDAQ:RGP) is the third most undervalued industrial stock based on WallStreetZen's Valuation Score. Resources Connection has a valuation score of 100, which is 78 points higher than the industrial sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Resources Connection's stock has dropped -24.1% in the past year. It has underperformed other stocks in the industrial sector by -46 percentage points.