Credit: Shutterstock photoInvestors focused on the Transportation space have likely heard of Avianca Holdings (AVH), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
Avianca Holdings is a member of our Transportation group, which includes 149 different companies and currently sits at #4 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 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).
Over the past three months, the Zacks Consensus Estimate for AVH's full-year earnings has moved 58.18% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AVH has returned 8.13% so far this year. Meanwhile, stocks in the Transportation group have gained about 14.01% on average. This means that Avianca Holdings is outperforming the sector as a whole this year.
To break things down more, AVH belongs to the Transportation - Air Freight and Cargo industry, a group that includes 6 individual companies and currently sits at #72 in the Zacks Industry Rank. This group has gained an average of 13.91% 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.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
