According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best industrial distribution stocks to buy right now are:
1. Global Industrial Co (NYSE:GIC)
The Component Grade breakdown for Global Industrial Co (NYSE:GIC) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: B, Financials: A, and AI: C.
Global Industrial Co (NYSE:GIC) has a Due Diligence Score of 50, which is 14 points higher than the industrial distribution industry average of 36.
GIC passed 17 out of 38 due diligence checks and has strong fundamentals. Global Industrial Co has seen its stock return 8.54% over the past year, overperforming other industrial distribution stocks by 20 percentage points.
2. Applied Industrial Technologies (NYSE:AIT)
The Component Grade breakdown for Applied Industrial Technologies (NYSE:AIT) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: A, Financials: A, and AI: B.
Applied Industrial Technologies (NYSE:AIT) has a Due Diligence Score of 49, which is 13 points higher than the industrial distribution industry average of 36.
AIT passed 18 out of 38 due diligence checks and has strong fundamentals. Applied Industrial Technologies has seen its stock lose -2.34% over the past year, overperforming other industrial distribution stocks by 10 percentage points.
Applied Industrial Technologies has an average 1 year
price target of $296.67, an upside of 13.34% from Applied Industrial Technologies's current stock price of $261.74.
Applied Industrial Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Applied Industrial Technologies, 33.33% have issued a Strong Buy rating, 66.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Evi Industries (NYSEMKT:EVI)
Evi Industries (NYSEMKT:EVI) is the #3 top industrial distribution stock out of 19 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Evi Industries (NYSEMKT:EVI) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.
Evi Industries (NYSEMKT:EVI) has a Due Diligence Score of 32, which is -4 points lower than the industrial distribution industry average of 36. Although this number is below the industry average, our proven quant model rates EVI as a "B".
EVI passed 14 out of 38 due diligence checks and has average fundamentals. Evi Industries has seen its stock return 23.57% over the past year, overperforming other industrial distribution stocks by 35 percentage points.
Evi Industries has an average 1 year
price target of $33.00, an upside of 44.36% from Evi Industries's current stock price of $22.86.
Evi Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Evi Industries, 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.