We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Matson (MATX) Stock Outpacing Its Transportation Peers This Year?
Read MoreHide Full Article
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Matson (MATX - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
Matson is one of 131 companies in the Transportation group. The Transportation group currently sits at #13 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 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. Matson is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for MATX's full-year earnings has moved 6.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, MATX has returned 31.9% so far this year. Meanwhile, stocks in the Transportation group have gained about 15% on average. As we can see, Matson is performing better than its sector in the calendar year.
Another stock in the Transportation sector, Ryanair (RYAAY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 46.3%.
For Ryanair, the consensus EPS estimate for the current year has increased 10.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Matson belongs to the Transportation - Services industry, a group that includes 26 individual companies and currently sits at #181 in the Zacks Industry Rank. On average, stocks in this group have gained 8.9% this year, meaning that MATX is performing better in terms of year-to-date returns.
On the other hand, Ryanair belongs to the Transportation - Airline industry. This 30-stock industry is currently ranked #49. The industry has moved +36.6% year to date.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Matson and Ryanair as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Matson (MATX) Stock Outpacing Its Transportation Peers This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Matson (MATX - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
Matson is one of 131 companies in the Transportation group. The Transportation group currently sits at #13 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 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. Matson is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for MATX's full-year earnings has moved 6.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, MATX has returned 31.9% so far this year. Meanwhile, stocks in the Transportation group have gained about 15% on average. As we can see, Matson is performing better than its sector in the calendar year.
Another stock in the Transportation sector, Ryanair (RYAAY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 46.3%.
For Ryanair, the consensus EPS estimate for the current year has increased 10.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Matson belongs to the Transportation - Services industry, a group that includes 26 individual companies and currently sits at #181 in the Zacks Industry Rank. On average, stocks in this group have gained 8.9% this year, meaning that MATX is performing better in terms of year-to-date returns.
On the other hand, Ryanair belongs to the Transportation - Airline industry. This 30-stock industry is currently ranked #49. The industry has moved +36.6% year to date.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Matson and Ryanair as they could maintain their solid performance.