Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Kuehne & Nagel International Ag (KHNGY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Kuehne & Nagel International Ag is one of 114 companies in the Transportation group. The Transportation group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Kuehne & Nagel International Ag is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for KHNGY's full-year earnings has moved 1.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that KHNGY has returned about 24.9% since the start of the calendar year. In comparison, Transportation companies have returned an average of 6.2%. This means that Kuehne & Nagel International Ag is outperforming the sector as a whole this year.
Another Transportation stock, which has outperformed the sector so far this year, is Westinghouse Air Brake Technologies (WAB). The stock has returned 34.2% year-to-date.
Over the past three months, Westinghouse Air Brake Technologies' consensus EPS estimate for the current year has increased 2.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Kuehne & Nagel International Ag belongs to the Transportation - Services industry, a group that includes 21 individual stocks and currently sits at #187 in the Zacks Industry Rank. This group has lost an average of 7.6% so far this year, so KHNGY is performing better in this area.
In contrast, Westinghouse Air Brake Technologies falls under the Transportation - Equipment and Leasing industry. Currently, this industry has 11 stocks and is ranked #23. Since the beginning of the year, the industry has moved +3.5%.
Kuehne & Nagel International Ag and Westinghouse Air Brake Technologies could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This innovative software-as-a-service firm upped its user base +22% year over year. That rate is increasing and margins are expanding as AI efficiencies take effect. Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Kuehne & Nagel International Ag (KHNGY): Free Stock Analysis Report
Wabtec (WAB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).