Has Prologis Outpaced Other Finance Stocks This Year?

Posted by nainternational on November 22nd, 2019

Investors with their eyes on finance stocks, should always be looking at finding the companies with the highest performance in the sector. Prologis has been on our radar for a while, and looking at the stocks year-to-date performance alongside its finance sector peers, we can see that it may be a stock you want to take a look at.

Prologis is one of over 800 individual companies that are actively trading in the finance sector. All together these companies sit at number six in the Zacks Sector rank. The Zacks Sector rank measures the strength of 16 individual sector groups by measuring the average Zacks Rank of each individual stock within the selected groups.

The Zacks rank, focuses on earnings estimates, and estimate revisions to find stocks with improving outlooks for the future. The Zacks system has a history of being successful and the stocks chosen usually are on the right path to beat the market over the course of the next two to three months. Prologis is currently holding a Zacks rank of #2, or in simple terms a Buy rating.

Over the course of the last three months, the Zacks Consensus Estimate for Prologis’ full year earnings has increased almost 1% higher, which shows investors that analyst sentiment is increasing and the company are seeing a more positive outlook for their earnings for the financial year. Prologis has seen a return of over 55% since the start of the calendar year, which if you compare to their peers in the finance sector who have averaged just over 17%, Prologis is outperforming their competition so far this year.

Looking more in depth at the company, Prologis belongs to the REIT and Equity Trust industry, which covers 117 individual stocks, and currently in Zacks industry rank, sits at number 82. So far in the financial year of 2019, stocks in this group have gained on average around 26%, so Prologis is outperforming their group in terms of year to date returns. Investors will want to keep watch of this stock, as the company attempts to keep the positive sentiment flowing towards the end of the financial year.

KaitoTakahashi– NA International

info@nainternational.com