Henkel has exceeded our previous expectations, with stronger performance than expected in consumer. The higher margins adhesives segment is benefiting from a turnaround in electronics which had been under pressure these last couple of years, supporting overall margin in the outlook. Henkel is a little cheaper than peers. It's not a bad pick. But the value isn't deep enough for us to be interested.
Here is how Henkel AG & Co. (HENKY) and Ingredion (INGR) have performed compared to their sector so far this year.
Henkel AG & Co. (HENKY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Henkel AG & Co. (HENKY) and Ingredion (INGR) have performed compared to their sector so far this year.
Here is how Henkel AG & Co. (HENKY) and Ingredion (INGR) have performed compared to their sector so far this year.