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Is Luxfer Holdings (LXFR) Stock Outpacing Its Industrial Products Peers This Year?

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Luxfer Holdings (LXFR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Luxfer Holdings is one of 213 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. LXFR is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for LXFR's full-year earnings has moved 15.17% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, LXFR has moved about 19.18% on a year-to-date basis. At the same time, Industrial Products stocks have lost an average of 19.49%. This shows that Luxfer Holdings is outperforming its peers so far this year.

To break things down more, LXFR belongs to the Manufacturing - General Industrial industry, a group that includes 37 individual companies and currently sits at #86 in the Zacks Industry Rank. Stocks in this group have lost about 12.81% so far this year, so LXFR is performing better this group in terms of year-to-date returns.

LXFR will likely be looking to continue its solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to the company.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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