According to Zen Score, the 3 best tool & accessory stocks to buy right now are:
1. Kennametal (NYSE:KMT)
Kennametal (NYSE:KMT) is the top tool & accessory stock with a Zen Score of 57, which is 21 points higher than the tool & accessory industry average of 36. It passed 20 out of 38 due diligence checks and has strong fundamentals. Kennametal has seen its stock lose -4.64% over the past year, underperforming other tool & accessory stocks by -18 percentage points.
Kennametal has an average 1 year
price target of $24.00, a downside of -3.46% from Kennametal's current stock price of $24.86.
Kennametal stock has a consensus Sell recommendation according to Wall Street analysts. Of the 4 analysts covering Kennametal, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.
2. Lincoln Electric Holdings (NASDAQ:LECO)
Lincoln Electric Holdings (NASDAQ:LECO) is the second best tool & accessory stock with a Zen Score of 53, which is 17 points higher than the tool & accessory industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Lincoln Electric Holdings has seen its stock return 59.21% over the past year, overperforming other tool & accessory stocks by 46 percentage points.
Lincoln Electric Holdings has an average 1 year
price target of $231.40, a downside of -10.44% from Lincoln Electric Holdings's current stock price of $258.37.
Lincoln Electric Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Lincoln Electric Holdings, 40% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.
3. Timken Co (NYSE:TKR)
Timken Co (NYSE:TKR) is the third best tool & accessory stock with a Zen Score of 51, which is 15 points higher than the tool & accessory industry average of 36. It passed 18 out of 38 due diligence checks and has strong fundamentals. Timken Co has seen its stock return 12.67% over the past year, underperforming other tool & accessory stocks by -1 percentage points.
Timken Co has an average 1 year
price target of $85.90, a downside of -2.54% from Timken Co's current stock price of $88.14.
Timken Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Timken Co, 30% have issued a Strong Buy rating, 10% have issued a Buy, 50% have issued a hold, while 10% have issued a Sell rating, and 0% have issued a Strong Sell.