We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Has GARRETT MOTION (GTX) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Read MoreHide Full Article
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Garrett Motion (GTX - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Garrett Motion is a member of the Auto-Tires-Trucks sector. This group includes 96 individual stocks and currently holds a Zacks Sector Rank of #16. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Garrett Motion is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GTX's full-year earnings has moved 4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GTX has returned about 21.7% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -14% on a year-to-date basis. As we can see, Garrett Motion is performing better than its sector in the calendar year.
Strattec Security (STRT - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 63.2%.
Over the past three months, Strattec Security's consensus EPS estimate for the current year has increased 23.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Garrett Motion is a member of the Automotive - Original Equipment industry, which includes 50 individual companies and currently sits at #90 in the Zacks Industry Rank. Stocks in this group have gained about 8.4% so far this year, so GTX is performing better this group in terms of year-to-date returns. Strattec Security is also part of the same industry.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Garrett Motion and Strattec Security. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has GARRETT MOTION (GTX) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Garrett Motion (GTX - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Garrett Motion is a member of the Auto-Tires-Trucks sector. This group includes 96 individual stocks and currently holds a Zacks Sector Rank of #16. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Garrett Motion is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GTX's full-year earnings has moved 4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GTX has returned about 21.7% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -14% on a year-to-date basis. As we can see, Garrett Motion is performing better than its sector in the calendar year.
Strattec Security (STRT - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 63.2%.
Over the past three months, Strattec Security's consensus EPS estimate for the current year has increased 23.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Garrett Motion is a member of the Automotive - Original Equipment industry, which includes 50 individual companies and currently sits at #90 in the Zacks Industry Rank. Stocks in this group have gained about 8.4% so far this year, so GTX is performing better this group in terms of year-to-date returns. Strattec Security is also part of the same industry.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Garrett Motion and Strattec Security. These stocks will be looking to continue their solid performance.