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: C, Growth: B, Momentum: B, Sentiment: B, Safety: B, Financials: A, and AI: A.
Global Industrial Co (NYSE:GIC) has a Due Diligence Score of 47, which is 7 points higher than the industrial distribution industry average of 40.
GIC passed 16 out of 38 due diligence checks and has strong fundamentals. Global Industrial Co has seen its stock return 14.8% over the past year, overperforming other industrial distribution stocks by 12 percentage points.
2. Dxp Enterprises (NASDAQ:DXPE)
The Component Grade breakdown for Dxp Enterprises (NASDAQ:DXPE) is: Value: C, Growth: C, Momentum: B, Sentiment: C, Safety: B, Financials: C, and AI: C.
Dxp Enterprises (NASDAQ:DXPE) has a Due Diligence Score of 31, which is -9 points lower than the industrial distribution industry average of 40. Although this number is below the industry average, our proven quant model rates DXPE as a "B".
DXPE passed 10 out of 33 due diligence checks and has average fundamentals. Dxp Enterprises has seen its stock return 143.22% over the past year, overperforming other industrial distribution stocks by 140 percentage points.
3. Applied Industrial Technologies (NYSE:AIT)
The Component Grade breakdown for Applied Industrial Technologies (NYSE:AIT) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: A, Financials: A, and AI: B.
Applied Industrial Technologies (NYSE:AIT) has a Due Diligence Score of 52, which is 12 points higher than the industrial distribution industry average of 40.
AIT passed 19 out of 38 due diligence checks and has strong fundamentals. Applied Industrial Technologies has seen its stock return 30.28% over the past year, overperforming other industrial distribution stocks by 27 percentage points.
Applied Industrial Technologies has an average 1 year
price target of $284.17, an upside of 7.97% from Applied Industrial Technologies's current stock price of $263.19.
Applied Industrial Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Applied Industrial Technologies, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.