Airline stocks among top industrial gainers of week, Equifax sees loser tag
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Industrial Sector Performance:
- The Industrial Select Sector (XLI) dropped by -1.98% for the week, with airline stocks like United Airlines among the top gainers.
- SPDR S&P 500 Trust ETF (SPY) fell by -3.07% during the same period.
- 8 out of 11 S&P 500 sectors ended the week in the red.
- Year-to-date, XLI is up by +5.68%, and SPY is up by +4.18%.
Top Gainers in Industrial Sector:
- United Airlines (UAL) surged by +22.92% after strong first-quarter results and Boeing compensation news.
- Alaska Air (ALK) rose by +8.98% following positive Q1 results and profit guidance.
- Encore Wire (WIRE), Janus International (JBI), and American Airlines (AAL) also saw significant gains.
Top Decliners in Industrial Sector:
- Equifax (EFX) dropped by -12.47% due to missed revenue estimates and soft guidance.
- Avis Budget (CAR) fell by -11.40%, with YTD shares down by -42.65%.
- Vertiv (VRT), Saia (SAIA), and Bloom Energy (BE) were among the worst performers.
Stock Ratings:
- Strong Buy ratings for UAL, JBI, and SAIA based on various factors.
- Hold ratings for WIRE, EFX, CAR, and VRT.
- Sell rating for BE despite a Buy rating from Wall Street analysts.
Analysts' Views:
- Wall Street analysts generally view UAL, ALK, and AAL positively.
- Mixed views between SA Quant Ratings and Wall Street Analysts' Ratings on several stocks.
- Market reactions influenced by earnings reports, guidance, and external factors like the Boeing crisis.
Analyst Views on CAR
Wall Street analysts forecast CAR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAR is 122.00 USD with a low forecast of 105.00 USD and a high forecast of 142.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
0 Buy
4 Hold
2 Sell
Moderate Sell
Current: 125.210
Low
105.00
Averages
122.00
High
142.00
Current: 125.210
Low
105.00
Averages
122.00
High
142.00
About CAR
Avis Budget Group, Inc. is a provider of mobility solutions through its three brands, Avis, Budget and Zipcar, as well as several other brands. Its brands offer a range of options, from car and truck rental to car sharing. Its segments include Americas and International. The Americas segment consists primarily of vehicle rental operations in North America, South America, Central America and the Caribbean and operates car-sharing operations in certain of these markets. The International segment consists of vehicle rental operations in Europe, the Middle East, Africa, Asia and Australasia, and operates car-sharing operations in certain of these markets. The Avis brand provides vehicle rental and other mobility solutions at price points generally above non-branded and value-branded vehicle rental companies and serves the premium commercial and leisure segments of the travel industry. Its other brands include Payless, Apex, AmicoBlu, Maggiore, Morini Rent, FranceCars, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
