Zacks Equity Research August 26, 2019
The
Medical group has plenty of great stocks, but investors should always be
looking for companies that are outperforming their peers. Molina Healthcare
(MOH) is a stock that can certainly grab the attention of many investors, but
do its recent returns compare favorably to the sector as a whole? One simple
way to answer this question is to take a look at the year-to-date performance
of MOH and the rest of the Medical group's stocks.
Molina
Healthcare is a member of the Medical sector. This group includes 866
individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. MOH is currently sporting a Zacks Rank of #2 (Buy).
Within
the past quarter, the Zacks Consensus Estimate for MOH's full-year earnings has
moved 4.18% higher. This means that analyst sentiment is stronger and the
stock's earnings outlook is improving.
Based
on the latest available data, MOH has gained about 9.56% so far this year.
Meanwhile, stocks in the Medical group have gained about 0.83% on average. This
shows that Molina Healthcare is outperforming its peers so far this year.
Breaking
things down more, MOH is a member of the Medical - HMOs industry, which
includes 11 individual companies and currently sits at #70 in the Zacks
Industry Rank. On average, stocks in this group have lost 5.08% this year,
meaning that MOH is performing better in terms of year-to-date returns.
Investors
in the Medical sector will want to keep a close eye on MOH as it attempts to
continue its solid performance.
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