Published on 28 Nov 2023 on Zacks via Yahoo Finance
For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Adecoagro (AGRO) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Adecoagro is a member of our Consumer Staples group, which includes 191 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Adecoagro is currently sporting a Zacks Rank of #2 (Buy).