Is BOC Hong Kong (BHKLY) Stock Outpacing Its Finance Peers This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. BOC Hong Kong Ltd. (BHKLY) 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? Let's take a closer look at the stock's year-to-date performance to find out.
BOC Hong Kong Ltd. is a member of the Finance sector. This group includes 856 individual stocks and currently holds a Zacks Sector Rank of #10. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BOC Hong Kong Ltd. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BHKLY's full-year earnings has moved 0.4% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, BHKLY has moved about 15.2% on a year-to-date basis. Meanwhile, stocks in the Finance group have gained about 1.4% on average. This means that BOC Hong Kong Ltd. is performing better than its sector in terms of year-to-date returns.
BrightSphere Investment Group (BSIG) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 17.8%.
For BrightSphere Investment Group, the consensus EPS estimate for the current year has increased 7.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, BOC Hong Kong Ltd. belongs to the Banks - Foreign industry, which includes 67 individual stocks and currently sits at #96 in the Zacks Industry Rank. On average, this group has gained an average of 4.4% so far this year, meaning that BHKLY is performing better in terms of year-to-date returns.
On the other hand, BrightSphere Investment Group belongs to the Financial - Investment Management industry. This 38-stock industry is currently ranked #85. The industry has moved +4% year to date.
Investors interested in the Finance sector may want to keep a close eye on BOC Hong Kong Ltd. and BrightSphere Investment Group as they attempt to continue their solid performance.
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