For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has A.P. Moller-Maersk (AMKBY) 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 Transportation sector should help us answer this question.
A.P. Moller-Maersk is a member of the Transportation sector. This group includes 114 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. A.P. Moller-Maersk is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AMKBY's full-year earnings has moved 121.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, AMKBY has moved about 62.7% on a year-to-date basis. At the same time, Transportation stocks have gained an average of 6.5%. This shows that A.P. Moller-Maersk is outperforming its peers so far this year.
One other Transportation stock that has outperformed the sector so far this year is Expeditors International (EXPD). The stock is up 29.7% year-to-date.
For Expeditors International, the consensus EPS estimate for the current year has increased 16.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, A.P. Moller-Maersk belongs to the Transportation - Shipping industry, a group that includes 29 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have gained 75.2% this year, meaning that AMKBY is slightly underperforming its industry in terms of year-to-date returns.
Expeditors International, however, belongs to the Transportation - Services industry. Currently, this 21-stock industry is ranked #102. The industry has moved -6.7% so far this year.
A.P. Moller-Maersk and Expeditors International could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
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A.P. Moller-Maersk (AMKBY): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).