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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
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
FIAC
FOCUS IMPACT ACQUISITION CORP
$11.06N/AN/AN/AN/AN/A-9.02xN/A-$3.11M-1.67%-$9.16M-0.54$84.17M74.11
TETE
TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP
$11.85N/AN/A1,185.00xN/AN/A-9.75xN/A-$686.64k-0.91%-$7.76M-1.22$78.19M-937.62
NCNC
NOCO-NOCO INC
$0.18N/AN/A-1.29xN/AN/A-6.66xN/A-$2.99M-13.26%-$3.68M-0.03$24.70M-1.47
KRNL
KERNEL GROUP HOLDINGS INC
$10.80N/AN/A-29.19xN/AN/A-10.70xN/A-$1.46M-0.67%-$8.20M-0.40$91.56M-14.96
BLUA
BLUERIVER ACQUISITION CORP
$11.02N/AN/A-25.05xN/AN/A-18.44xN/A-$704.47k-0.53%-$5.71M-0.47$106.08M-20.10
JVSA
JVSPAC ACQUISITION CORP
$10.11N/AN/A-168.50xN/AN/A-798.46xN/A$0.000.00%-$97.32k-0.08$77.99M-1,015.19
JAN
JANONE INC
$4.01N/AN/A-0.80xN/AN/A9.54xN/A-$1.51M-5.96%$3.77M0.60$38.84M-2.08
GATE
MARBLEGATE ACQUISITION CORP
$10.44N/AN/A-23.20xN/AN/A-5.76xN/A-$2.56M-2.03%-$21.48M-1.78$125.82M-23.69
CHAA
CATCHA INVESTMENT CORP
$12.14N/AN/A-28.23xN/AN/A-13.82xN/A-$1.03M-0.87%-$8.53M-0.88$120.34M-49.75
ZCAR
ZOOMCAR HOLDINGS INC
$0.29N/AN/A-0.20xN/A0.06x-0.45xN/A-$43.59M-4,640.14%-$26.23M-8.21$29.63M-1.53
NOVV
NOVA VISION ACQUISITION CORP
$11.89N/AN/A594.50xN/AN/A-11.46xN/A-$683.95k-3.71%-$3.44M-2.22$41.92M506.04
DECA
DENALI CAPITAL ACQUISITION CORP
$7.97N/AN/A-15.94xN/AN/A-6.84xN/A-$632.78k-0.79%-$8.28M-0.83$58.28M87.06
CVII
CHURCHILL CAPITAL CORP VII
$10.72N/AN/A-536.00xN/AN/A-16.93xN/A-$22.57M-2.29%-$57.98M-0.63$991.85M58.44
BREZ
BREEZE HOLDINGS ACQUISITION CORP
$11.69N/AN/A-20.16xN/AN/A-5.19xN/A-$2.02M-3.91%-$9.68M-2.19$50.26M-19.86
BRAC
BROAD CAPITAL ACQUISITION CORP
$11.30N/AN/A-188.33xN/AN/A-5.46xN/A-$1.77M-1.83%-$9.74M-1.14$56.85M398.88
OCAX
OCA ACQUISITION CORP
$10.96N/AN/A-36.53xN/AN/A-5.21xN/A-$511.72k-0.57%-$14.16M-1.73$77.13M-35.77
ARYD
ARYA SCIENCES ACQUISITION CORP IV
$11.35N/AN/A-51.59xN/AN/A-5.78xN/A-$725.86k-0.65%-$14.79M-1.51$87.69M-41.11
DHAC
DIGITAL HEALTH ACQUISITION CORP
$11.60N/AN/A-10.74xN/AN/A-3.41xN/A-$962.04k-2.03%-$12.27M-2.99$46.20M-20.67
CETU
CETUS CAPITAL ACQUISITION CORP
$10.51N/AN/A1,051.00xN/AN/A-16.14xN/A-$628.98k-0.86%-$2.50M-0.36$40.05M130.38
QOMO
QOMOLANGMA ACQUISITION CORP
$10.81N/AN/A-4.31xN/AN/A-9.86xN/A-$889.10k-1.80%-$3.92M-0.86$39.40M74.44
CLOE
CLOVER LEAF CAPITAL CORP
$12.25N/AN/A-68.06xN/AN/A-6.81xN/A-$1.37M-1.95%-$9.58M-1.67$68.86M-81.07
WTMA
WELSBACH TECHNOLOGY METALS ACQUISITION CORP
$10.97N/AN/A-1,097.00xN/AN/A-5.28xN/A-$1.35M-5.38%-$9.27M-4.06$51.57M-949.31
CLRC
CLIMATEROCK
$11.34N/AN/A-32.40xN/AN/A-9.48xN/A-$1.41M-1.95%-$5.58M-0.88$54.96M113.70
GAMC
GOLDEN ARROW MERGER CORP
$11.03N/AN/A-110.30xN/AN/A-4.71xN/A-$1.74M-1.07%-$18.18M-1.24$87.41M-107.31
CNGL
CANNA-GLOBAL ACQUISITION CORP
$11.21N/AN/A-280.25xN/AN/A-7.72xN/A-$1.52M-1.53%-$11.21M-1.26$88.58M-632.74
IVCB
INVESTCORP EUROPE ACQUISITION CORP I
$11.34N/AN/A-75.60xN/AN/A-7.00xN/A-$1.83M-0.54%-$32.70M-1.09$233.38M-52.87
FRLA
FORTUNE RISE ACQUISITION CORP
$11.21N/AN/A-23.85xN/AN/A-7.73xN/A-$3.19M-5.19%-$9.10M-1.66$75.06M519.27
IMAQ
INTERNATIONAL MEDIA ACQUISITION CORP
$11.51N/AN/A-127.89xN/AN/A-8.47xN/A-$622.04k-0.63%-$11.55M-1.36$100.80M-171.44
TRON
CORNER GROWTH ACQUISITION CORP 2
$11.54N/AN/A-96.17xN/AN/A-5.41xN/A-$90.92k-0.11%-$10.84M-1.58$58.58M-72.66
PTWO
PONO CAPITAL TWO INC
$13.00N/AN/A325.00xN/AN/A-11.31xN/A-$2.13M-1.85%-$5.99M-0.68$68.53M78.90
DUET
DUET ACQUISITION CORP
$11.00N/AN/A78.57xN/AN/A-6.16xN/A-$692.43k-0.72%-$6.83M-0.78$44.37M117.90
IGTA
INCEPTION GROWTH ACQUISITION LTD
$11.10N/AN/A-44.40xN/AN/A-14.65xN/A-$997.80k-1.15%-$4.24M-0.54$62.06M84.74
WINV
WINVEST ACQUISITION CORP
$11.23N/AN/A-28.08xN/AN/A-6.69xN/A-$1.26M-2.54%-$6.74M-1.53$46.59M-46.21
MAQC
MAQUIA CAPITAL ACQUISITION CORP
$11.06N/AN/A-79.00xN/AN/A-6.93xN/A-$1.36M-1.75%-$9.85M-1.41$71.60M-109.14
XFIN
EXCELFIN ACQUISITION CORP
$11.02N/AN/A-50.09xN/AN/A-7.58xN/A-$2.85M-1.71%-$11.57M-0.76$88.88M-38.60
HLXB
HELIX ACQUISITION CORP II
$10.34N/AN/A-1,034.00xN/AN/AN/AN/A$0.000.00%-$63.57k-0.02N/AN/A
GPAC
GLOBAL PARTNER ACQUISITION CORP II
$11.25N/AN/A1,125.00xN/AN/A-5.60xN/A-$975.00k-1.84%-$18.67M-3.96$108.02M777.14
MCAC
MONTEREY CAPITAL ACQUISITION CORP
$11.23N/AN/A-8.51xN/AN/A-3.76xN/A-$2.45M-1.92%-$28.92M-2.55$109.85M-7.83
BLAC
BELLEVUE LIFE SCIENCES ACQUISITION CORP
$10.91N/AN/A218.20xN/AN/A-15.70xN/A-$818.77k-0.97%-$3.91M-0.51$61.33M64.93
GTI
GRAPHJET TECHNOLOGY
$7.20N/AN/A-7.66xN/AN/A-401.99xN/A-$223.69k-1.24%-$2.58M-1.03$1.04B-551.08
HNRA
HNR ACQUISITION CORP
$2.29N/AN/AN/AN/AN/A-5.75xN/AN/AN/A-$2.80M-0.40$56.61MN/A
BNIX
BANNIX ACQUISITION CORP
$10.95N/AN/A-547.50xN/AN/A-18.82xN/A-$1.12M-1.86%-$3.18M-0.58$60.51M105.51
LATG
CHENGHE ACQUISITION I CO
$11.34N/AN/A283.50xN/AN/A-36.07xN/A-$747.38k-0.61%-$2.26M-0.21$81.96M192.43
CCIXU
CHURCHILL CAPITAL CORP IX
$10.15N/AN/AN/AN/AN/AN/AN/A$0.000.00%$6.04k0.00N/AN/A

Industrial Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
72-0.30%+1.38%+4.98%+13.30%22.86x5.57x+12.50%+4.40%+11.11%+7.18%Buy
18-0.02%-0.37%+0.26%+7.08%15.84x2.93x+22.29%+4.75%+12.08%+22.89%Buy
12-0.32%+2.21%+8.98%+5.79%16.85x4.89x-9.44%+5.37%+11.20%-10.08%Strong Buy
5-0.33%+3.36%+7.04%+39.53%19.50x1.56x+8.33%+4.25%+8.10%+22.10%Strong Buy
20-3.01%+0.37%+2.53%-13.09%16.07x5.11x-9.34%+2.22%+8.88%+12.84%Strong Buy
14+0.78%+4.28%+4.96%+25.23%31.85x8.03x+86.53%+8.42%+16.76%+10.37%Buy
56-0.63%+2.12%+4.15%+32.19%39.60x4.40x+17.48%+5.86%+10.31%+9.25%Buy
42+0.47%+5.28%+8.44%+63.31%-65.43x4.08x+11.74%+5.20%+13.29%+4.67%Strong Buy
27+0.28%+4.60%-2.93%+19.39%13.23x4.82x+46.23%+11.24%+16.44%+7.85%Buy
18+0.37%+2.63%-0.80%+33.98%548.17x6.88x+34.05%+15.34%+27.85%+6.36%Strong Buy
2-0.52%+3.33%+7.34%+10.30%52.55x8.21x+16.99%+4.13%+11.96%-25.68%Hold
20+0.70%+1.16%-1.31%-8.05%20.73x4.09x+24.27%+7.79%+14.92%+10.62%Buy
38-0.12%+4.72%+10.24%+52.62%25.76x1.08x+6.64%+4.20%+6.85%+11.98%Strong Buy
19-0.11%+2.35%+5.50%+34.35%20.98x3.17x+17.29%+8.68%+14.38%+11.29%Buy
16+0.69%+3.92%+4.32%+26.83%13.06x7.62x+20.11%+2.64%+5.11%+16.23%Buy
11+0.73%+2.28%+0.80%+25.12%25.09x4.67x+27.04%+7.76%+10.44%+8.29%Buy
23+0.41%+3.93%+1.05%+43.28%16.46x2.35x+14.64%+6.14%+7.68%+2.64%Buy
24-0.56%+1.38%-0.92%+24.04%21.42x3.05x+25.01%+8.38%+15.08%+12.04%Buy
200-0.07%+0.10%-0.44%+4.10%14.65x-14.30x-28.30%+1.22%-1.85%N/A
39+0.43%+2.80%+2.07%+25.70%34.51x4.95x+27.17%+11.82%+19.77%+8.64%Buy
75+0.16%+2.79%+0.82%+31.29%24.61x5.22x+22.03%+8.71%+16.25%+9.31%Buy
26+0.48%+1.64%-1.94%+4.41%27.56x9.40x+65.64%+8.35%+44.97%+9.92%Buy
12+0.96%+4.49%-0.35%+9.77%-32.13x2.81x+17.44%+8.13%+14.32%+3.63%Buy
19+0.55%+4.97%+4.57%+43.12%27.60x9.56x-59.11%+14.18%+33.53%+8.26%Buy
16+0.55%+2.61%-16.47%+29.60%29.49x3.77x+19.98%+12.92%+19.13%+23.58%Buy
20+0.33%+2.00%+0.72%+20.34%37.54x5.86x+20.55%+5.47%+9.80%+8.38%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. Kanzhun (NASDAQ:BZ)


Kanzhun (NASDAQ:BZ) is the top industrial stock with a Zen Score of 73, which is 48 points higher than the industrial sector average of 25. It passed 24 out of 33 due diligence checks and has strong fundamentals. Kanzhun has seen its stock return 20.35% over the past year, underperforming other industrial stocks by -1 percentage points.

Kanzhun has an average 1 year price target of $24.00, an upside of 15.61% from Kanzhun's current stock price of $20.76.

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.

2. Danaos (NYSE:DAC)


Danaos (NYSE:DAC) is the second best industrial stock with a Zen Score of 73, which is 48 points higher than the industrial sector average of 25. It passed 27 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 46.12% over the past year, overperforming other industrial stocks by 25 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 8.67% from Danaos's current stock price of $82.82.

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.

3. Resources Connection (NASDAQ:RGP)


Resources Connection (NASDAQ:RGP) is the third best industrial stock with a Zen Score of 68, which is 43 points higher than the industrial sector average of 25. It passed 23 out of 38 due diligence checks and has strong fundamentals. Resources Connection has seen its stock lose -23.8% over the past year, underperforming other industrial stocks by -45 percentage points.

Resources Connection has an average 1 year price target of $13.00, an upside of 15.04% from Resources Connection's current stock price of $11.30.

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 254 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 2.11%.

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. Spirit Airlines (NYSE:SAVE)


Spirit Airlines (NYSE:SAVE) has an annual dividend yield of 26.32%, which is 24 percentage points higher than the industrial sector average of 2.11%.

Spirit Airlines's dividend payout ratio of -22.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. Diana Shipping (NYSE:DSX)


Diana Shipping (NYSE:DSX) has an annual dividend yield of 17.05%, which is 15 percentage points higher than the industrial sector average of 2.11%. Diana Shipping's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Diana Shipping's dividend has not shown consistent growth over the last 10 years.

Diana Shipping's dividend payout ratio of 119.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are industrial stocks down?

Industrial stocks were down -0.05% in the last day, and up 2.68% over the last week. Evolv Technologies Holdings was the among the top losers in the industrials sector, dropping -38.54% yesterday.

Evolv Technologies Holdings shares are trading lower after the company reported worse-than-expected Q1 financial results and lowered its FY24 sales guidance below estimates.

What are the most undervalued industrial stocks?

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

1. Resources Connection (NASDAQ:RGP)


Resources Connection (NASDAQ:RGP) is the most undervalued industrial stock based on WallStreetZen's Valuation Score. Resources Connection has a valuation score of 100, which is 78 points higher than the industrial sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Resources Connection's stock has dropped -23.8% in the past year. It has underperformed other stocks in the industrial sector by -45 percentage points.

2. Energy Services Of America (NASDAQ:ESOA)


Energy Services Of America (NASDAQ:ESOA) is the second most undervalued industrial stock based on WallStreetZen's Valuation Score. Energy Services Of America has a valuation score of 100, which is 78 points higher than the industrial sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Energy Services Of America's stock has gained 186.13% in the past year. It has overperformed other stocks in the industrial sector by 165 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 78 points higher than the industrial sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Encore Wire's stock has gained 63.49% in the past year. It has overperformed other stocks in the industrial sector by 42 percentage points.

Are industrial stocks a good buy now?

46.06% of industrial stocks rated by analysts are a strong buy right now. On average, analysts expect industrial stocks to rise by 8.37% 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 40.58x.
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.