KRED

Tuesday, May 16, 2017

Why You Shouldn’t Bet Against Applied Industrial (AIT) Stock

http://ift.tt/2qN193X

One stock that might be an intriguing choice for investors right now is Applied Industrial Technologies, Inc. AIT. This is because this security in the Manufacturing – General Industrial space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufacturing – General Industrial space as it currently has a Zacks Industry Rank of 38 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Applied Industrial is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

In fact, over the past month, current quarter estimates have risen from 68 cents per share to 76 cents per share, while current year estimates have risen from $2.60 per share to $2.82 per share. This has helped AIT to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Applied Industrial. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

5 Trades Could Profit “Big-League” from Trump Policies

If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington’s changing course.

Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

May 16, 2017 at 06:23PM

http://ift.tt/2qNky4L

from Zacks Equity Research

http://ift.tt/2qNky4L