For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has DHL AG (DHLGY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
DHL AG 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 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. DHL AG is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DHLGY's full-year earnings has moved 1.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, DHLGY has moved about 18.5% on a year-to-date basis. In comparison, Transportation companies have returned an average of 7.5%. As we can see, DHL AG is performing better than its sector in the calendar year.
Another stock in the Transportation sector, Nordic American Tankers (NAT), has outperformed the sector so far this year. The stock's year-to-date return is 120.4%.
For Nordic American Tankers, the consensus EPS estimate for the current year has increased 3.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, DHL AG belongs to the Transportation - Services industry, which includes 21 individual stocks and currently sits at #191 in the Zacks Industry Rank. On average, stocks in this group have lost 6.3% this year, meaning that DHLGY is performing better in terms of year-to-date returns.
On the other hand, Nordic American Tankers belongs to the Transportation - Shipping industry. This 29-stock industry is currently ranked #55. The industry has moved +66.9% year to date.
Investors interested in the Transportation sector may want to keep a close eye on DHL AG and Nordic American Tankers as they attempt to continue their solid performance.
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DHL AG (DHLGY): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).