We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Align Technology (ALGN) Stock Outpacing Its Medical Peers This Year?
Read MoreHide Full Article
Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Is Align Technology (ALGN - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Medical peers, we might be able to answer that question.
Align Technology is a member of the Medical sector. This group includes 761 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ALGN is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ALGN's full-year earnings has moved 5.47% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ALGN has returned about 67.56% since the start of the calendar year. Meanwhile, stocks in the Medical group have gained about 3.25% on average. This shows that Align Technology is outperforming its peers so far this year.
To break things down more, ALGN belongs to the Medical - Dental Supplies industry, a group that includes 23 individual companies and currently sits at #82 in the Zacks Industry Rank. On average, stocks in this group have gained 5.91% this year, meaning that ALGN is performing better in terms of year-to-date returns.
Investors with an interest in Medical stocks should continue to track ALGN. The stock will be looking to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Align Technology (ALGN) Stock Outpacing Its Medical Peers This Year?
Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Is Align Technology (ALGN - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Medical peers, we might be able to answer that question.
Align Technology is a member of the Medical sector. This group includes 761 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ALGN is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ALGN's full-year earnings has moved 5.47% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ALGN has returned about 67.56% since the start of the calendar year. Meanwhile, stocks in the Medical group have gained about 3.25% on average. This shows that Align Technology is outperforming its peers so far this year.
To break things down more, ALGN belongs to the Medical - Dental Supplies industry, a group that includes 23 individual companies and currently sits at #82 in the Zacks Industry Rank. On average, stocks in this group have gained 5.91% this year, meaning that ALGN is performing better in terms of year-to-date returns.
Investors with an interest in Medical stocks should continue to track ALGN. The stock will be looking to continue its solid performance.