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 tool & accessory stocks to buy right now are:
1. Kennametal (NYSE:KMT)
Kennametal (NYSE:KMT) is the #1 top tool & accessory stock out of 10 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 Kennametal (NYSE:KMT) is: Value: B, Growth: A, Momentum: B, Sentiment: C, Safety: A, Financials: B, and AI: C.
Kennametal (NYSE:KMT) has a Due Diligence Score of 51, which is 8 points higher than the tool & accessory industry average of 43.
KMT passed 18 out of 38 due diligence checks and has strong fundamentals. Kennametal has seen its stock return 75.88% over the past year, overperforming other tool & accessory stocks by 46 percentage points.
Kennametal has an average 1 year
price target of $38.40, an upside of 1.64% from Kennametal's current stock price of $37.78.
Kennametal stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Kennametal, 20% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.
2. Toro Co (NYSE:TTC)
Toro Co (NYSE:TTC) is the #2 top tool & accessory stock out of 10 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 Toro Co (NYSE:TTC) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: B.
Toro Co (NYSE:TTC) has a Due Diligence Score of 44, which is 1 points higher than the tool & accessory industry average of 43.
TTC passed 15 out of 38 due diligence checks and has strong fundamentals. Toro Co has seen its stock return 29.75% over the past year.
Toro Co has an average 1 year
price target of $111.00, an upside of 16.84% from Toro Co's current stock price of $95.00.
Toro Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Toro Co, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Timken Co (NYSE:TKR)
Timken Co (NYSE:TKR) is the #3 top tool & accessory stock out of 10 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 Timken Co (NYSE:TKR) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: A, Financials: B, and AI: C.
Timken Co (NYSE:TKR) has a Due Diligence Score of 42, which is -1 points lower than the tool & accessory industry average of 43. Although this number is below the industry average, our proven quant model rates TKR as a "B".
TKR passed 14 out of 38 due diligence checks and has strong fundamentals. Timken Co has seen its stock return 31.3% over the past year, overperforming other tool & accessory stocks by 1 percentage points.
Timken Co has an average 1 year
price target of $114.57, an upside of 16.03% from Timken Co's current stock price of $98.74.
Timken Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Timken Co, 42.86% have issued a Strong Buy rating, 28.57% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.