Investors focused on the Transportation space have likely heard of Avianca Holdings , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Avianca Holdings is a member of our Transportation group, which includes 152 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AVH is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AVH's full-year earnings has moved 58.18% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AVH has returned 4.19% so far this year. Meanwhile, stocks in the Transportation group have gained about 17.09% on average. As we can see, Avianca Holdings is performing better than its sector in the calendar year.
Looking more specifically, AVH belongs to the Transportation - Air Freight and Cargo industry, a group that includes 6 individual stocks and currently sits at #20 in the Zacks Industry Rank. This group has gained an average of 17% so far this year, so AVH is slightly underperforming its industry in this area.
AVH will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.
Image: Bigstock
Has Avianca Holdings (AVH) Outpaced Other Transportation Stocks This Year?
Investors focused on the Transportation space have likely heard of Avianca Holdings , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Avianca Holdings is a member of our Transportation group, which includes 152 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AVH is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AVH's full-year earnings has moved 58.18% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AVH has returned 4.19% so far this year. Meanwhile, stocks in the Transportation group have gained about 17.09% on average. As we can see, Avianca Holdings is performing better than its sector in the calendar year.
Looking more specifically, AVH belongs to the Transportation - Air Freight and Cargo industry, a group that includes 6 individual stocks and currently sits at #20 in the Zacks Industry Rank. This group has gained an average of 17% so far this year, so AVH is slightly underperforming its industry in this area.
AVH will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.