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 specialty chemical stocks to buy right now are:
1. Ingevity (NYSE:NGVT)
Ingevity (NYSE:NGVT) is the #1 top specialty chemical stock out of 56 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Ingevity (NYSE:NGVT) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: C.
Ingevity (NYSE:NGVT) has a Due Diligence Score of 6, which is -28 points lower than the specialty chemical industry average of 34. Although this number is below the industry average, our proven quant model rates NGVT as a "A".
NGVT passed 2 out of 33 due diligence checks and has weak fundamentals. Ingevity has seen its stock lose -8.47% over the past year.
Ingevity has an average 1 year
price target of $51.50, an upside of 22.59% from Ingevity's current stock price of $42.01.
Ingevity stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Ingevity, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Oil Dri Of America (NYSE:ODC)
The Component Grade breakdown for Oil Dri Of America (NYSE:ODC) is: Value: C, Growth: C, Momentum: B, Sentiment: C, Safety: B, Financials: B, and AI: B.
Oil Dri Of America (NYSE:ODC) has a Due Diligence Score of 40, which is 6 points higher than the specialty chemical industry average of 34.
ODC passed 15 out of 38 due diligence checks and has average fundamentals. Oil Dri Of America has seen its stock return 62.23% over the past year, overperforming other specialty chemical stocks by 71 percentage points.
3. Newmarket (NYSE:NEU)
Newmarket (NYSE:NEU) is the #3 top specialty chemical stock out of 56 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 Newmarket (NYSE:NEU) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: B, Financials: B, and AI: C.
Newmarket (NYSE:NEU) has a Due Diligence Score of 43, which is 9 points higher than the specialty chemical industry average of 34.
NEU passed 16 out of 38 due diligence checks and has strong fundamentals. Newmarket has seen its stock return 21.79% over the past year, overperforming other specialty chemical stocks by 30 percentage points.