WallStreetZenWallStreetZen

Sectors & IndustriesIndustrials
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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
TGAA
TARGET GLOBAL ACQUISITION I CORP
$105.16M$0.00$1.34M$1.34M$0.10N/AN/A-41.18%N/A
INAQ
INSIGHT ACQUISITION CORP
$78.76M$0.00$76.30k-$651.14k-$0.05N/AN/AN/AN/A
CLOE
CLOVER LEAF CAPITAL CORP
$65.18M$0.00-$1.32M-$1.51M-$0.24N/AN/AN/AN/A
CLRC
CLIMATEROCK
$51.85M$0.00-$295.93k-$295.93k-$0.55N/AN/AN/AN/A
CCIXU
CHURCHILL CAPITAL CORP IX
N/A$0.00-$18.96k-$18.96k$0.00N/AN/AN/AN/A
CNGL
CANNA-GLOBAL ACQUISITION CORP
$87.11M$0.00-$140.00k-$348.23k-$0.04N/AN/AN/AN/A
WTMA
WELSBACH TECHNOLOGY METALS ACQUISITION CORP
$49.03M$0.00-$52.40k$105.72k$0.01N/AN/AN/AN/A
DHAC
DIGITAL HEALTH ACQUISITION CORP
$42.64M$0.00-$1.31M-$3.49M-$0.90N/AN/AN/AN/A
IVCB
INVESTCORP EUROPE ACQUISITION CORP I
$228.33M$0.00-$4.41M-$4.41M-$0.15N/AN/AN/AN/A
HUDA
HUDSON ACQUISITION I CORP
$54.00M$0.00$696.44k$15.44k-$3.09N/AN/AN/AN/A
DUET
DUET ACQUISITION CORP
$42.20M$0.00$376.33k$222.77k$0.14N/AN/AN/AN/A
NUVO
LAMF GLOBAL VENTURES CORP I
$26.58M$176.00kN/AN/A-$1.86N/AN/AN/AN/A
FHLT
FUTURE HEALTH ESG CORP
$67.97M$0.00$105.57k-$48.43k-$0.01N/AN/AN/AN/A
MCAC
MONTEREY CAPITAL ACQUISITION CORP
$106.38M$0.00-$23.06M-$23.99M-$2.26N/AN/AN/AN/A
TETE
TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP
$75.91M$0.00-$83.39k-$83.39k$0.01N/AN/A-90.91%N/A
GPAC
GLOBAL PARTNER ACQUISITION CORP II
$104.56M$0.00-$3.23M-$3.23M-$0.30N/AN/AN/AN/A
FRLA
FORTUNE RISE ACQUISITION CORP
$70.62M$0.00-$963.78k-$1.20M-$0.49N/AN/AN/AN/A
WINV
WINVEST ACQUISITION CORP
$45.08M$0.00-$1.01M-$1.15M-$0.40N/AN/AN/AN/A
JWSM
JAWS MUSTANG ACQUISITION CORP
$301.17M$0.00-$4.25M-$4.25M-$0.14N/AN/AN/AN/A
FIAC
FOCUS IMPACT ACQUISITION CORP
$82.59M$0.00$1.14M$23.95k$0.00N/AN/A-100.00%N/A
BNIX
BANNIX ACQUISITION CORP
$59.77M$0.00$573.51k$65.38k-$0.02N/AN/AN/AN/A
GAMC
GOLDEN ARROW MERGER CORP
$85.65M$0.00-$814.57k-$1.47M-$0.10N/AN/AN/AN/A
IMAQ
INTERNATIONAL MEDIA ACQUISITION CORP
$97.75M$0.00-$587.93k-$783.75k-$0.09N/AN/AN/AN/A
BREZ
BREEZE HOLDINGS ACQUISITION CORP
$49.44M$0.00-$2.53M-$2.55M-$0.58N/AN/AN/AN/A
MAQC
MAQUIA CAPITAL ACQUISITION CORP
$68.11M$0.00-$656.07k-$960.09k-$0.14N/AN/AN/AN/A
KITT
NAUTICUS ROBOTICS INC
$9.99M$4.25M-$28.96M-$36.13M-$0.86-64.64%N/AN/AN/A
MACA
MORINGA ACQUISITION CORP
$44.12M$0.00-$250.34k-$250.34k-$0.32N/AN/AN/AN/A
QOMO
QOMOLANGMA ACQUISITION CORP
$39.33M$0.00$529.30k$104.60k-$2.51N/AN/AN/AN/A
JAN
JANONE INC
$30.52M$0.00-$18.70M-$20.04M-$5.02N/A-100.00%N/AN/A2024-05-22
ARYD
ARYA SCIENCES ACQUISITION CORP IV
$85.69M$0.00-$2.13M-$2.13M-$0.22N/AN/AN/AN/A
GLAC
GLOBAL LIGHTS ACQUISITION CORP
$92.04MN/AN/AN/AN/AN/AN/AN/AN/A
GTI
GRAPHJET TECHNOLOGY
$875.07M$0.00-$1.88M-$2.34M-$0.94N/AN/AN/AN/A
OCAX
OCA ACQUISITION CORP
$75.27M$0.00-$1.73M-$2.01M-$0.26N/AN/AN/AN/A2024-06-21
KRNL
KERNEL GROUP HOLDINGS INC
$88.76M$0.00-$4.04M-$5.63M-$0.40N/AN/AN/AN/A
AEAE
ALTENERGY ACQUISITION CORP
$73.32M$0.00-$160.30k-$497.03k-$0.14N/AN/AN/AN/A
HNRA
HNR ACQUISITION CORP
$16.39MN/AN/AN/AN/AN/AN/AN/AN/A
XFIN
EXCELFIN ACQUISITION CORP
$80.91M$0.00-$5.89M-$6.40M-$0.61N/AN/AN/AN/A
CHAA
CATCHA INVESTMENT CORP
$109.58M$0.00-$2.42M-$2.42M-$0.43N/AN/AN/AN/A
OSI
OSIRIS ACQUISITION CORP
$94.02M$0.00-$2.23M-$2.39M-$0.27N/AN/AN/AN/A
TRON
CORNER GROWTH ACQUISITION CORP 2
$58.85M$0.00-$115.09k-$115.09k-$0.04N/AN/AN/AN/A
IROH
IRON HORSE ACQUISITIONS CORP
$89.25MN/AN/AN/AN/AN/AN/AN/AN/A
ZCAR
ZOOMCAR HOLDINGS INC
$10.60M$16.54M-$19.38M-$86.93M-$1.50-15.55%N/AN/AN/A
CITE
CARTICA ACQUISITION CORP
$89.51M$0.00$413.82k$413.82k-$0.15N/AN/AN/AN/A
BLUA
BLUERIVER ACQUISITION CORP
$105.20M$0.00-$6.80M-$6.80M-$0.69N/AN/AN/AN/A
GATE
MARBLEGATE ACQUISITION CORP
$126.92M$0.00-$3.52M-$3.58M-$0.30N/AN/AN/AN/A
BRAC
BROAD CAPITAL ACQUISITION CORP
$53.21M$0.00$142.52k-$513.92k-$0.06N/AN/AN/AN/A
CETU
CETUS CAPITAL ACQUISITION CORP
$40.64M$0.00$307.15k$52.06k$0.01N/AN/AN/AN/A

Industrial Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
71+0.24%-0.46%+5.63%+12.75%22.54x5.58x+12.32%+4.25%+8.48%+8.27%Strong Buy
20-0.48%+2.26%+5.58%+6.54%15.82x2.99x+22.14%+4.59%+12.08%+21.12%Buy
9+0.00%+2.03%+12.75%+8.14%16.49x4.88x-16.58%+5.44%+8.60%-11.58%Strong Buy
5+0.35%+3.28%+11.30%+43.55%20.26x1.60x+8.35%+4.26%+8.10%+18.76%Strong Buy
21+1.22%+0.15%+8.87%-7.67%16.15x5.18x-9.76%+2.14%+8.88%+11.98%Strong Buy
16+0.89%+2.07%+7.21%+25.19%31.55x8.09x+85.64%+8.36%+16.64%+10.39%Buy
54+1.62%+2.16%+5.37%+33.78%43.40x4.59x+14.95%+5.51%+5.16%+8.50%Buy
41+1.77%+1.89%+10.29%+63.10%-65.04x4.42x+11.83%+5.23%+13.27%+4.77%Strong Buy
26+0.27%+3.15%+0.63%+23.28%13.39x4.88x+46.30%+11.24%+16.42%+6.56%Buy
17+1.03%+2.50%+3.71%+34.44%571.15x6.84x+34.55%+15.70%+28.56%+5.18%Strong Buy
3+1.24%+2.94%+11.14%+11.50%53.46x1.01x+17.46%+4.16%+11.97%-26.93%Hold
22-0.12%+0.59%-0.08%-8.62%20.67x4.05x+24.31%+7.80%+14.95%+12.32%Buy
40+0.16%+2.67%+12.63%+52.16%23.07x1.10x+5.76%+3.69%+6.01%+10.90%Strong Buy
20+1.17%+1.46%+8.93%+35.79%22.77x3.35x+18.08%+9.04%+14.95%+8.58%Buy
17+1.06%+2.22%+4.97%+27.40%12.87x7.75x+19.67%+2.57%+4.92%+13.69%Buy
11+0.51%+0.43%+2.35%+23.55%24.90x4.63x+27.08%+7.76%+10.47%+8.61%Buy
23+1.07%+3.43%+5.31%+44.95%16.64x2.39x+14.48%+6.14%+7.69%+0.81%Buy
23+0.92%+1.01%+2.07%+24.00%21.42x3.07x+25.07%+8.33%+15.24%+10.34%Buy
201-0.32%-0.33%-0.54%+3.98%18.86x-14.33x-22.51%+0.45%+4.61%N/A
39+0.65%+1.63%+3.56%+26.21%34.51x4.94x+27.14%+11.80%+19.76%+8.69%Buy
77+0.79%+1.39%+3.30%+31.62%24.44x5.25x+21.90%+8.66%+16.19%+8.99%Buy
25+0.67%+1.25%+0.24%+4.95%27.85x9.46x+65.13%+8.35%+44.84%+9.15%Buy
12+0.25%+2.31%+1.88%+9.41%-33.23x2.82x+17.16%+8.02%+14.15%+4.48%Buy
18+0.58%+3.15%+7.62%+43.60%25.10x12.74x-58.04%+14.36%+33.24%+8.56%Buy
16+0.57%+0.80%-16.30%+30.81%29.22x3.76x+19.95%+12.89%+19.09%+23.80%Buy
20-0.06%+0.57%+2.48%+19.75%37.34x5.80x+20.26%+5.45%+9.73%+8.64%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 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 43.02% over the past year, overperforming other industrial stocks by 21 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 6.66% from Danaos's current stock price of $84.38.

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 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 16.91% over the past year, underperforming other industrial stocks by -6 percentage points.

Kanzhun has an average 1 year price target of $24.00, an upside of 10.91% from Kanzhun's current stock price of $21.64.

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 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 -25.02% over the past year, underperforming other industrial stocks by -48 percentage points.

Resources Connection has an average 1 year price target of $13.00, an upside of 13.84% from Resources Connection's current stock price of $11.42.

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 2.07%.

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 24.63%, which is 23 percentage points higher than the industrial sector average of 2.07%.

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 16.88%, which is 15 percentage points higher than the industrial sector average of 2.07%. 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 up?

Industrial stocks were up 0.71% in the last day, and up 1.44% over the last week. Vertiv Holdings Co was the among the top gainers in the industrials sector, gaining 5.95% yesterday.

Vertiv Holdings shares are trading higher after B of A Securities raised its price target on the stock from $100 to $115.

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 78 points higher than the industrial sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 136.43% in the past year. It has overperformed other stocks in the industrial sector by 114 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 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 69.96% in the past year. It has overperformed other stocks in the industrial sector by 47 percentage points.

3. Spar Group (NASDAQ:SGRP)


Spar Group (NASDAQ:SGRP) is the third most undervalued industrial stock based on WallStreetZen's Valuation Score. Spar Group 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.

Spar Group's stock has gained 73.53% in the past year. It has overperformed other stocks in the industrial sector by 51 percentage points.

Are industrial stocks a good buy now?

47.12% of industrial stocks rated by analysts are a strong buy right now. On average, analysts expect industrial stocks to rise by 8.18% 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 40.21x.
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.