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 Allison Transmission Holdings (ALSN) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Read MoreHide Full Article
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Allison Transmission Holdings (ALSN - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
Allison Transmission Holdings is one of 77 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #16 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 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. ALSN is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ALSN's full-year earnings has moved 2.62% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALSN has moved about 9.12% on a year-to-date basis. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -4.94% on a year-to-date basis. As we can see, Allison Transmission Holdings is performing better than its sector in the calendar year.
Looking more specifically, ALSN belongs to the Automotive - Original Equipment industry, which includes 38 individual stocks and currently sits at #219 in the Zacks Industry Rank. On average, this group has gained an average of 0.21% so far this year, meaning that ALSN is performing better in terms of year-to-date returns.
ALSN will likely be looking to continue its solid performance, so investors interested Auto-Tires-Trucks stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Allison Transmission Holdings (ALSN) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Allison Transmission Holdings (ALSN - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
Allison Transmission Holdings is one of 77 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #16 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 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. ALSN is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ALSN's full-year earnings has moved 2.62% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALSN has moved about 9.12% on a year-to-date basis. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -4.94% on a year-to-date basis. As we can see, Allison Transmission Holdings is performing better than its sector in the calendar year.
Looking more specifically, ALSN belongs to the Automotive - Original Equipment industry, which includes 38 individual stocks and currently sits at #219 in the Zacks Industry Rank. On average, this group has gained an average of 0.21% so far this year, meaning that ALSN is performing better in terms of year-to-date returns.
ALSN will likely be looking to continue its solid performance, so investors interested Auto-Tires-Trucks stocks should continue to pay close attention to the company.