According to Zen Score, the 3 best tool & accessory stocks to buy right now are:
1. Kennametal (NYSE:KMT)
Kennametal (NYSE:KMT) is the top tool & accessory stock with a Zen Score of 57, which is 20 points higher than the tool & accessory industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Kennametal has seen its stock return 1.66% over the past year, underperforming other tool & accessory stocks by -8 percentage points.
Kennametal has an average 1 year
price target of $24.33, a downside of -7.34% from Kennametal's current stock price of $26.26.
Kennametal stock has a consensus Sell recommendation according to Wall Street analysts. Of the 3 analysts covering Kennametal, 0% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.
2. Timken Co (NYSE:TKR)
Timken Co (NYSE:TKR) is the second best tool & accessory stock with a Zen Score of 50, which is 13 points higher than the tool & accessory industry average of 37. It passed 17 out of 38 due diligence checks and has strong fundamentals. Timken Co has seen its stock return 25% over the past year, overperforming other tool & accessory stocks by 16 percentage points.
Timken Co has an average 1 year
price target of $89.33, a downside of -4.05% from Timken Co's current stock price of $93.10.
Timken Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Timken Co, 33.33% have issued a Strong Buy rating, 11.11% have issued a Buy, 55.56% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Lincoln Electric Holdings (NASDAQ:LECO)
Lincoln Electric Holdings (NASDAQ:LECO) is the third best tool & accessory stock with a Zen Score of 49, which is 12 points higher than the tool & accessory industry average of 37. It passed 18 out of 38 due diligence checks and has strong fundamentals. Lincoln Electric Holdings has seen its stock return 34.91% over the past year, overperforming other tool & accessory stocks by 26 percentage points.
Lincoln Electric Holdings has an average 1 year
price target of $239.60, an upside of 4.63% from Lincoln Electric Holdings's current stock price of $228.99.
Lincoln Electric Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Lincoln Electric Holdings, 40% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.