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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
HNRA
HNR ACQUISITION CORP
$21.04MN/A-0.50%0.47%0.30%-1.180.12N/AN/AN/A
HLXB
HELIX ACQUISITION CORP II
N/AN/AN/A65.59%N/A-6.24N/AN/AN/AN/A
IGTA
INCEPTION GROWTH ACQUISITION LTD
$61.64M-17.00%1.10%2.44%1.90%-1.010.03N/AN/AN/A
IMAQ
INTERNATIONAL MEDIA ACQUISITION CORP
$97.33MN/A-3.60%-3.56%-2.90%-1.120.01N/AN/AN/A
AIB
AIB ACQUISITION CORP
$42.33MN/A-6.50%-7.95%-8.30%-1.030.07N/AN/AN/A
FRLA
FORTUNE RISE ACQUISITION CORP
$70.18MN/A-0.60%0.49%0.30%-1.010.02N/AN/AN/A
CNGL
CANNA-GLOBAL ACQUISITION CORP
$85.80MN/A-1.60%-1.53%-0.70%-1.020.07N/AN/AN/A
CLOE
CLOVER LEAF CAPITAL CORP
$64.22MN/A-6.20%-8.41%-5.40%-1.010.06N/AN/AN/A
OCAX
OCA ACQUISITION CORP
$73.69MN/A-6.00%-6.31%-5.50%-1.010.00N/AN/AN/A
CETU
CETUS CAPITAL ACQUISITION CORP
$40.37M7.00%0.10%0.52%0.50%-1.310.22N/AN/AN/A
IVCB
INVESTCORP EUROPE ACQUISITION CORP I
$228.33MN/A-2.40%-3.84%-2.50%-1.010.02N/AN/AN/A
CHAA
CATCHA INVESTMENT CORP
$104.92MN/A-2.60%-14.66%-2.60%-1.000.01N/AN/AN/A
GAMC
GOLDEN ARROW MERGER CORP
$83.56MN/A-7.90%-525.84%-5.00%-1.030.07N/AN/AN/A
QOMO
QOMOLANGMA ACQUISITION CORP
$38.65M-33.30%0.20%2.88%1.30%-4.500.01N/AN/AN/A
BREZ
BREEZE HOLDINGS ACQUISITION CORP
$49.87MN/A-19.60%-48.99%-45.00%-1.060.03N/AN/AN/A
BLUA
BLUERIVER ACQUISITION CORP
$105.11MN/A-25.60%-35.32%-29.60%-1.020.01N/AN/AN/A
JVSA
JVSPAC ACQUISITION CORP
$77.55MN/A-22.90%78.94%-45.20%-5.05N/AN/AN/AN/A
KRNL
KERNEL GROUP HOLDINGS INC
$87.38MN/A-10.30%-10.20%-9.20%-1.020.00N/AN/AN/A
BRAC
BROAD CAPITAL ACQUISITION CORP
$53.16MN/A-1.00%0.32%0.30%-1.070.01N/AN/AN/A
CONX
CONX CORP
$192.01MN/A-14.60%-32.95%-19.20%-1.000.00N/AN/AN/A
PTWO
PONO CAPITAL TWO INC
$71.57M-6.60%0.70%4.66%2.00%-1.110.15N/AN/AN/A
LGVC
LAMF GLOBAL VENTURES CORP I
$101.31MN/A-3.80%-13.18%-4.00%-1.020.03N/AN/AN/A
NOVV
NOVA VISION ACQUISITION CORP
$39.32M-6.20%0.80%0.94%0.80%-1.040.05N/AN/AN/A
XFIN
EXCELFIN ACQUISITION CORP
$87.63MN/A-3.60%-16.69%-2.70%-1.030.01N/AN/AN/A
DHAC
DIGITAL HEALTH ACQUISITION CORP
$43.25MN/A-69.90%33.80%-73.70%-1.010.00N/AN/AN/A
GATE
MARBLEGATE ACQUISITION CORP
$123.25MN/A-58.80%-82.25%-56.00%-1.010.33N/AN/AN/A
MAQC
MAQUIA CAPITAL ACQUISITION CORP
$68.23MN/A-5.10%-8.02%-3.70%-0.990.14N/AN/AN/A
HUDA
HUDSON ACQUISITION I CORP
$54.00M-0.70%0.10%2.98%5.80%-1.130.06N/AN/AN/A
NCNC
NOCO-NOCO INC
$29.52MN/A-49.80%24,266.97%-52.60%-1.190.60N/AN/AN/A
GTI
GRAPHJET TECHNOLOGY
$1.04BN/A-12.50%-42.85%-13.00%-3.430.51N/AN/AN/A
CCIXU
CHURCHILL CAPITAL CORP IX
N/AN/AN/A-313.77%N/A9.82N/AN/AN/AN/A
DECA
DENALI CAPITAL ACQUISITION CORP
$58.87M-9.00%0.80%1.48%0.90%-1.030.04N/AN/AN/A
ARYD
ARYA SCIENCES ACQUISITION CORP IV
$85.54MN/A-5.40%-7.54%-6.80%-1.010.01N/AN/AN/A
BNIX
BANNIX ACQUISITION CORP
$59.72M-2.90%0.20%2.02%1.50%-1.210.01N/AN/AN/A
BLAC
BELLEVUE LIFE SCIENCES ACQUISITION CORP
$60.22M-15.70%0.60%2.73%1.50%-1.050.01N/AN/AN/A
TRON
CORNER GROWTH ACQUISITION CORP 2
$58.32MN/A-3.90%-4.70%-4.80%-1.000.01N/AN/AN/A
FHLT
FUTURE HEALTH ESG CORP
$71.24MN/A-0.30%1.20%0.80%-1.700.02N/AN/AN/A
LATG
CHENGHE ACQUISITION I CO
$81.27M-11.00%0.50%1.03%0.50%-1.000.00N/AN/AN/A
MCAC
MONTEREY CAPITAL ACQUISITION CORP
$108.66MN/A-16.10%-19.52%-15.90%-1.000.01N/AN/AN/A
ONYX
ONYX ACQUISITION CO I
$88.83M-1.60%0.60%1.17%0.70%-1.010.04N/AN/AN/A
GPAC
GLOBAL PARTNER ACQUISITION CORP II
$104.29M-0.90%0.30%0.39%0.30%-1.000.01N/AN/AN/A
OSI
OSIRIS ACQUISITION CORP
$94.82MN/A-7.20%-7.83%-7.20%-1.010.05N/AN/AN/A
WTMA
WELSBACH TECHNOLOGY METALS ACQUISITION CORP
$48.85MN/A-0.10%-0.31%-0.20%-1.010.00N/AN/AN/A
ZCAR
ZOOMCAR HOLDINGS INC
$12.75MN/A-350.50%236.88%-64.80%-1.640.37-76.00%-525.50%-126.80%
WINV
WINVEST ACQUISITION CORP
$45.12MN/A-7.50%-10.35%-7.30%-1.040.09N/AN/AN/A
FIAC
FOCUS IMPACT ACQUISITION CORP
$82.59M-0.20%0.00%11.03%1.30%-5.790.01N/AN/AN/A

Industrial Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
72+0.60%+1.49%+2.13%+10.59%23.40x5.46x+12.75%+4.29%+10.80%+6.62%Buy
18+2.28%-0.57%-1.52%+8.11%15.85x2.90x+22.44%+4.86%+12.19%+23.77%Buy
12-0.62%-0.52%+6.52%+3.66%10.77x4.70x+2.33%+4.92%+12.28%-6.99%Strong Buy
5+2.35%+2.54%-2.59%+40.51%17.88x1.47x+8.74%+4.51%+8.55%+28.81%Strong Buy
20+1.52%+2.77%+1.85%-15.34%15.03x4.90x-10.86%+2.02%+8.59%+17.96%Strong Buy
14+1.02%+1.12%-2.31%+18.86%27.90x7.57x+86.32%+8.41%+16.75%+16.12%Buy
56+0.39%-0.38%-0.74%+31.24%37.63x4.21x+17.44%+5.88%+10.94%+12.53%Buy
41+0.94%+1.88%-0.65%+53.38%18.45x4.25x+11.66%+5.00%+12.89%+9.50%Strong Buy
27+1.34%-1.87%-6.52%+12.83%12.61x4.61x+46.12%+11.21%+16.35%+12.30%Buy
18+1.47%-1.03%-4.83%+28.88%517.48x6.80x+34.18%+15.47%+28.22%+10.25%Buy
2+1.36%-0.86%-3.29%+2.60%46.91x7.37x+16.78%+4.09%+11.93%-16.98%Hold
20+2.07%+0.99%-4.47%-10.07%18.72x4.02x+25.77%+8.36%+15.94%+13.06%Buy
38+1.73%+1.42%+4.89%+42.99%16.35x1.02x+7.57%+4.51%+7.32%+18.53%Strong Buy
19+1.21%+2.53%+1.61%+26.23%19.99x3.06x+17.26%+8.65%+14.21%+12.95%Strong Buy
16+0.86%-1.24%+0.16%+23.56%12.19x7.33x+10.85%+2.80%+5.36%+19.40%Buy
11+1.34%-2.03%-2.63%+23.12%24.50x4.52x+26.95%+7.74%+10.42%+11.01%Buy
23+2.59%-1.84%-4.46%+34.75%16.19x2.25x+14.62%+6.10%+7.63%+7.22%Buy
24+1.21%-1.23%-2.94%+24.60%19.94x2.95x+23.54%+8.00%+14.53%+15.89%Strong Buy
202-0.46%-0.45%-0.44%+3.81%32.23x-14.35x-30.17%+1.12%-1.89%N/A
39+0.84%-0.91%-3.36%+23.17%35.40x4.79x+26.90%+11.76%+19.62%+12.53%Buy
75+0.24%-1.22%-3.16%+26.36%30.67x5.04x+22.43%+8.74%+16.10%+12.90%Buy
26-0.42%-3.44%-5.63%+0.53%26.67x9.19x+66.92%+8.34%+44.93%+10.66%Buy
12+0.05%-0.01%-6.18%+1.70%-11.48x2.68x+17.38%+8.10%+14.28%+9.52%Buy
19+1.68%-0.82%-2.27%+30.57%30.30x9.29x-49.49%+14.29%+31.54%+12.87%Buy
16+1.99%-12.97%-18.35%+24.06%52.14x3.70x+20.44%+13.40%+19.67%+27.33%Buy
20+1.13%-0.38%-1.03%+20.60%36.59x5.73x+20.52%+5.44%+9.77%+10.16%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 36.16% 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 17.57% from Danaos's current stock price of $76.55.

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 14.06% over the past year, underperforming other industrial stocks by -3 percentage points.

Kanzhun has an average 1 year price target of $24.00, an upside of 18.34% from Kanzhun's current stock price of $20.28.

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 -21.69% over the past year, underperforming other industrial stocks by -38 percentage points.

Resources Connection has an average 1 year price target of $13.00, an upside of 16.18% from Resources Connection's current stock price of $11.19.

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. 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 2.21%. 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.

2. 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 2.21%.

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

3. Spirit Airlines (NYSE:SAVE)


Spirit Airlines (NYSE:SAVE) has an annual dividend yield of 27.17%, which is 25 percentage points higher than the industrial sector average of 2.21%.

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 up?

Industrial stocks were up 0.96% in the last day, and down -0.41% over the last week. Enovix was the among the top gainers in the industrials sector, gaining 45.47% yesterday.

Enovix shares are trading higher after the company reported mixed Q1 financial 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 117.5% in the past year. It has overperformed other stocks in the industrial sector by 101 percentage points.

2. Encore Wire (NASDAQ:WIRE)


Encore Wire (NASDAQ:WIRE) is the second 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 72.36% in the past year. It has overperformed other stocks in the industrial sector by 56 percentage points.

3. Resources Connection (NASDAQ:RGP)


Resources Connection (NASDAQ:RGP) is the third 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 -21.69% in the past year. It has underperformed other stocks in the industrial sector by -38 percentage points.

Are industrial stocks a good buy now?

47.23% of industrial stocks rated by analysts are a strong buy right now. On average, analysts expect industrial stocks to rise by 11.68% 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 44.27x.
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.