Published on 28 Jan 2024 on Zacks via Yahoo Finance

Is Safran (SAFRY) Stock Outpacing Its Aerospace Peers This Year?

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Safran SA (SAFRY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.

Safran SA is a member of the Aerospace sector. This group includes 47 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. Safran SA is currently sporting a Zacks Rank of #2 (Buy).