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Best Industrial Stocks to Buy Now (2024)
Top industrial stocks in 2024 ranked by overall Zen Score. See the best industrial stocks to buy now, according to analyst forecasts for the industrials sector.

Sector: Industrials
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
LATG
CHENGHE ACQUISITION I CO
NASDAQ
Shell Companies
$81.34M$11.310.00%$425.91k282.75x-1.00
BLUA
BLUERIVER ACQUISITION CORP
NYSEMKT
Shell Companies
$104.92M$10.98-0.09%-$5.28M-24.95x-1.02
BRAC
BROAD CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$53.11M$11.280.00%$142.52k-188.00x-1.07
ARYD
ARYA SCIENCES ACQUISITION CORP IV
NASDAQ
Shell Companies
$85.39M$11.330.00%-$2.13M-51.50x-1.01
MAQC
MAQUIA CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$68.05M$11.020.00%-$656.07k-78.71x-0.99
AIB
AIB ACQUISITION CORP
NASDAQ
Shell Companies
$43.42M$12.020.00%-$733.31k-23.57x-1.03
ONYX
ONYX ACQUISITION CO I
NASDAQ
Shell Companies
$88.83M$11.180.00%$218.07k559.00x-1.01
CHAA
CATCHA INVESTMENT CORP
NYSEMKT
Shell Companies
$110.26M$11.350.00%-$2.42M-26.40x-1.00
LGVC
LAMF GLOBAL VENTURES CORP I
NASDAQ
Shell Companies
$84.38M$6.76-8.10%-$3.49M-39.74x-1.02
CLOE
CLOVER LEAF CAPITAL CORP
NASDAQ
Shell Companies
$63.74M$11.98-0.17%-$849.37k-66.56x-1.01
CETU
CETUS CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$40.75M$10.61-1.39%$307.15k1,061.00x-1.31
KRNL
KERNEL GROUP HOLDINGS INC
NASDAQ
Shell Companies
$87.62M$10.78-0.65%-$6.12M-29.14x-1.02
CNGL
CANNA-GLOBAL ACQUISITION CORP
NASDAQ
Shell Companies
$85.80M$11.110.00%-$140.00k-277.75x-1.02
FIAC
FOCUS IMPACT ACQUISITION CORP
NASDAQ
Shell Companies
$82.59M$11.06-0.09%$1.14MN/A-5.79
GPAC
GLOBAL PARTNER ACQUISITION CORP II
NASDAQ
Shell Companies
$104.38M$11.23-1.40%$139.00k1,123.00x-1.00
QOMO
QOMOLANGMA ACQUISITION CORP
NASDAQ
Shell Companies
$38.65M$10.810.00%$529.30k-4.31x-4.50
TETE
TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP
NASDAQ
Shell Companies
$75.97M$11.900.00%-$83.39k1,190.00x-1.00
JVSA
JVSPAC ACQUISITION CORP
NASDAQ
Shell Companies
$77.55M$10.09-0.20%-$76.83k-168.17x-5.05
MCAC
MONTEREY CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$108.76M$11.240.00%-$14.03M-8.52x-1.00
IMAQ
INTERNATIONAL MEDIA ACQUISITION CORP
NASDAQ
Shell Companies
$96.99M$11.410.04%-$587.93k-126.78x-1.12
XFIN
EXCELFIN ACQUISITION CORP
NASDAQ
Shell Companies
$88.26M$11.100.00%-$2.30M-50.45x-1.03
FHLT
FUTURE HEALTH ESG CORP
NASDAQ
Shell Companies
$72.84M$12.27-1.84%$105.57k-1,227.00x-1.70
PTWO
PONO CAPITAL TWO INC
NASDAQ
Shell Companies
$70.63M$13.54-3.15%$868.58k338.50x-1.11
BLAC
BELLEVUE LIFE SCIENCES ACQUISITION CORP
NASDAQ
Shell Companies
$60.33M$10.730.00%$944.59k214.60x-1.05
GAMC
GOLDEN ARROW MERGER CORP
NASDAQ
Shell Companies
$83.56M$10.760.09%-$814.57k-107.60x-1.03
IVCB
INVESTCORP EUROPE ACQUISITION CORP I
NASDAQ
Shell Companies
$228.33M$11.32-0.09%-$4.41M-75.47x-1.01
DUET
DUET ACQUISITION CORP
NASDAQ
Shell Companies
$42.13M$11.000.36%$376.33k78.57x-1.15
OCAX
OCA ACQUISITION CORP
NASDAQ
Shell Companies
$73.76M$10.950.00%-$2.16M-36.50x-1.01
FRLA
FORTUNE RISE ACQUISITION CORP
NASDAQ
Shell Companies
$70.06M$11.170.00%$144.55k-23.77x-1.01
HNRA
HNR ACQUISITION CORP
NYSEMKT
Shell Companies
$19.67M$2.621.43%$209.26k-10.47x-1.18
RACY
RELATIVITY ACQUISITION CORP
NASDAQ
Shell Companies
$54.04M$12.280.00%-$910.95k-26.13x-1.04
BREZ
BREEZE HOLDINGS ACQUISITION CORP
NASDAQ
Shell Companies
$49.70M$11.56-1.20%-$2.53M-19.93x-1.06
GTI
GRAPHJET TECHNOLOGY
NASDAQ
Electrical Equipment & Parts
$1.04B$7.201.61%-$1.88M-7.66x-3.43
HUDA
HUDSON ACQUISITION I CORP
NASDAQ
Shell Companies
$63.90M$14.206.21%$696.44k-4.60x-1.13
HLXB
HELIX ACQUISITION CORP II
NASDAQ
Shell Companies
N/A$10.350.88%-$41.69k-1,035.00x-6.24
NCNC
NOCO-NOCO INC
NASDAQ
Electrical Equipment & Parts
$30.74M$0.23-4.22%-$16.79M-1.62x-1.19
NOVV
NOVA VISION ACQUISITION CORP
NASDAQ
Shell Companies
$39.32M$11.850.00%$146.88k296.25x-1.04
TRON
CORNER GROWTH ACQUISITION CORP 2
NASDAQ
Shell Companies
$58.32M$11.490.00%-$806.15k-95.71x-1.00
GATE
MARBLEGATE ACQUISITION CORP
NASDAQ
Shell Companies
$123.25M$10.400.00%-$5.31M-23.11x-1.01
OSI
OSIRIS ACQUISITION CORP
NYSE
Shell Companies
$94.82M$10.710.00%-$2.23M-39.67x-1.01
DHAC
DIGITAL HEALTH ACQUISITION CORP
NASDAQ
Shell Companies
$43.25M$12.000.00%-$2.24M-11.11x-1.01
WINV
WINVEST ACQUISITION CORP
NASDAQ
Shell Companies
$44.52M$11.080.00%-$1.01M-27.70x-1.04
ZCAR
ZOOMCAR HOLDINGS INC
NASDAQ
Rental & Leasing Services
$12.63M$0.32-11.67%-$19.38M-0.21x-1.64
DECA
DENALI CAPITAL ACQUISITION CORP
NASDAQ
Shell Companies
$60.72M$8.54-0.70%$669.45k-17.08x-1.03
BNIX
BANNIX ACQUISITION CORP
NASDAQ
Shell Companies
$60.32M$11.040.00%$573.51k-552.00x-1.21
CONX
CONX CORP
NASDAQ
Shell Companies
$219.56M$10.52-0.38%-$5.93M-42.08x-1.00

Industrial Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
72-0.52%+0.92%+0.60%+9.76%24.20x5.39x+12.93%+4.31%+10.82%+7.33%Buy
18-2.66%-4.86%-5.58%+4.98%14.77x2.85x+22.42%+4.84%+12.14%+26.51%Buy
12-2.46%+2.51%+8.93%+6.03%11.14x4.73x+3.59%+5.49%+13.16%-7.90%Strong Buy
5-1.69%-1.73%-5.30%+35.12%17.31x1.43x+8.74%+4.52%+8.56%+32.65%Strong Buy
20+0.23%+0.21%+1.59%-15.45%14.07x4.86x-11.01%+1.99%+8.63%+25.74%Strong Buy
14-1.25%-0.47%-5.19%+15.85%30.49x7.36x+80.13%+7.25%+15.20%+18.71%Buy
56-3.64%-1.22%-4.02%+29.46%38.02x4.18x+18.50%+6.37%+12.35%+13.34%Buy
41-1.62%+2.14%-1.95%+53.04%34.78x4.21x+12.61%+5.27%+13.10%+8.73%Strong Buy
27-3.30%-4.53%-6.87%+12.56%13.42x4.63x+43.86%+10.66%+15.33%+12.95%Buy
18-1.58%-1.58%-6.78%+27.12%504.57x6.73x+34.36%+15.55%+28.35%+11.59%Buy
2-2.62%-2.65%-3.52%-0.33%63.71x7.58x+12.90%+2.81%+10.73%-15.18%Hold
20-1.19%-1.39%-7.24%-13.50%18.49x3.98x+25.85%+8.38%+15.94%+15.44%Buy
38-0.81%+2.23%+2.75%+38.10%15.96x1.01x+7.32%+4.41%+7.15%+19.19%Strong Buy
19-0.22%-0.20%-1.15%+28.90%19.55x3.03x+17.40%+8.60%+14.27%+11.63%Buy
16-3.49%-1.71%-1.41%+22.44%12.04x7.27x+10.83%+2.85%+5.36%+18.69%Buy
11-2.68%-2.61%-4.24%+19.33%24.30x4.49x+27.02%+7.75%+10.46%+12.18%Buy
23-5.14%-2.09%-8.07%+29.14%15.19x2.24x+11.13%+6.26%+7.90%+9.35%Buy
24-3.24%-3.31%-4.99%+21.03%19.42x2.91x+23.61%+8.02%+14.57%+17.81%Strong Buy
203-0.43%+0.03%-0.03%+4.33%32.32x-14.49x-30.22%+0.96%-2.45%N/A
39-1.44%-2.52%-4.87%+20.74%34.85x4.71x+26.97%+11.80%+19.88%+13.19%Buy
75-2.11%-1.83%-4.32%+26.22%31.86x5.08x+21.81%+8.58%+15.81%+11.88%Buy
26-1.57%-4.65%-6.64%-1.40%26.99x9.30x+68.67%+8.39%+45.05%+10.95%Buy
12-0.96%-2.00%-7.80%+1.54%3.32x2.68x+16.64%+7.80%+13.84%+9.72%Buy
19-1.84%-2.00%-3.17%+30.69%31.31x8.97x-164.42%+13.79%+29.31%+13.42%Buy
16-4.22%-17.13%-20.81%+21.69%47.08x3.63x+20.74%+13.59%+19.93%+30.54%Buy
20-1.48%-2.57%-3.15%+18.23%19.14x5.75x+20.60%+5.47%+9.79%+11.01%Buy

Industrial Stocks FAQ

What are the best industrial stocks to buy right now in May 2024?

According to Zen Score, the 3 best industrial stocks to buy right now are:

1. Danaos (NYSE:DAC)


Danaos (NYSE:DAC) is the top industrial stock with a Zen Score of 73, which is 47 points higher than the industrial sector average of 26. It passed 27 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 34.49% over the past year, overperforming other industrial stocks by 19 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 17.63% from Danaos's current stock price of $76.51.

Danaos stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Danaos, 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.

2. Kanzhun (NASDAQ:BZ)


Kanzhun (NASDAQ:BZ) is the second best industrial stock with a Zen Score of 73, which is 47 points higher than the industrial sector average of 26. It passed 24 out of 33 due diligence checks and has strong fundamentals. Kanzhun has seen its stock return 5.72% over the past year, underperforming other industrial stocks by -10 percentage points.

Kanzhun has an average 1 year price target of $24.00, an upside of 21.27% from Kanzhun's current stock price of $19.79.

Kanzhun stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Kanzhun, 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.

3. Resources Connection (NASDAQ:RGP)


Resources Connection (NASDAQ:RGP) is the third best industrial stock with a Zen Score of 68, which is 42 points higher than the industrial sector average of 26. It passed 23 out of 38 due diligence checks and has strong fundamentals. Resources Connection has seen its stock lose -24% over the past year, underperforming other industrial stocks by -40 percentage points.

Resources Connection has an average 1 year price target of $13.00, an upside of 17.65% from Resources Connection's current stock price of $11.05.

Resources Connection stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Resources Connection, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the industrial stocks with highest dividends?

Out of 253 industrial stocks that have issued dividends in the past year, the 3 industrial stocks with the highest dividend yields are:

1. Zim Integrated Shipping Services (NYSE:ZIM)


Zim Integrated Shipping Services (NYSE:ZIM) has an annual dividend yield of N/A, which is N/A percentage points lower than the industrial sector average of 2.24%.

Zim Integrated Shipping Services's dividend payout ratio of -28.5% indicates that its dividend yield might not be sustainable for the long-term.

2. Cnh Industrial Nv (NYSE:CNHI)


Cnh Industrial Nv (NYSE:CNHI) has an annual dividend yield of N/A, which is N/A percentage points lower than the industrial sector average of 2.24%. Cnh Industrial Nv's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Cnh Industrial Nv's dividend has shown consistent growth over the last 10 years.

Cnh Industrial Nv's dividend payout ratio of 22.4% indicates that its dividend yield is sustainable for the long-term.

3. Spirit Airlines (NYSE:SAVE)


Spirit Airlines (NYSE:SAVE) has an annual dividend yield of 28.33%, which is 26 percentage points higher than the industrial sector average of 2.24%.

Spirit Airlines's dividend payout ratio of -29.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are industrial stocks down?

Industrial stocks were down -1.71% in the last day, and down -1.53% over the last week. H&E Equipment Services was the among the top losers in the industrials sector, dropping -18.46% yesterday.

H&E Equipment shares are trading lower following mixed Q1 results.

What are the most undervalued industrial stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued industrial stocks right now are:

1. Stealthgas (NASDAQ:GASS)


Stealthgas (NASDAQ:GASS) is the most undervalued industrial stock based on WallStreetZen's Valuation Score. Stealthgas has a valuation score of 100, which is 77 points higher than the industrial sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 126.81% in the past year. It has overperformed other stocks in the industrial sector by 111 percentage points.

2. Resources Connection (NASDAQ:RGP)


Resources Connection (NASDAQ:RGP) is the second most undervalued industrial stock based on WallStreetZen's Valuation Score. Resources Connection has a valuation score of 100, which is 77 points higher than the industrial sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Resources Connection's stock has dropped -24% in the past year. It has underperformed other stocks in the industrial sector by -40 percentage points.

3. Encore Wire (NASDAQ:WIRE)


Encore Wire (NASDAQ:WIRE) is the third most undervalued industrial stock based on WallStreetZen's Valuation Score. Encore Wire has a valuation score of 100, which is 77 points higher than the industrial sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 72.43% in the past year. It has overperformed other stocks in the industrial sector by 57 percentage points.

Are industrial stocks a good buy now?

46.38% of industrial stocks rated by analysts are a strong buy right now. On average, analysts expect industrial stocks to rise by 12.37% over the next year.

What is the average p/e ratio of the industrials sector?

The average P/E ratio of the industrials sector is 44.07x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.