Best Sector in 2012: Consumer Cyclicals
NEW YORK (TheStreet) -- The consumer cyclical, financial services and technology sectors have been the best performs so far in 2012, according to Morningstar.
The consumer cyclical sector has a total return year to date of 17.19%. Financial services returned 16.47% while technology has a total return of 15.87%.
India's largest carmaker has had a 61.54% total return year to date.
"We believe that investment case for Tata Motors' Class A shares (or DVRs) has strengthened as current 48% discount to ordinary shares is close to peak since listing as well as highest compared to global companies," Bank of America Merrill Lynch analysts wrote in a Feb. 28 report. "We already have a Buy on Tata Motors given its exciting business prospects, but Class-A shares seem a more attractive way to play this theme."
The one analyst who covers the company rated it hold.
The stock of North America's largest auto-parts supplier has returned 42.84% year to date.
Magna International has an estimated price-to-earnings ratio for next year of 9.41; the average for car parts companies is 11.78.
Eleven of the 19 analysts who cover Magna International rated it buy; eight analysts gave the stock a hold rating.
TheStreet Ratings gives Magna International a B grade with a buy rating and a $52.26 price target.
Shares of the car parts company have returned 48.56% so far in 2012.
Shares of Delphi Automotive hit a 52-week high on Feb. 21 of $32.98. The stock's 52-week low of $19.22 was set on Nov. 23.
Delphi Automotive has a forward P/E of 7.63; the average for car parts companies is 94.7.
Eleven of the 13 analysts who cover Delphi Automotive rated it buy; two analysts gave the stock a hold rating.
-- Written by Alexandra Zendrian
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