Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is A.P. Moller-Maersk (AMKBY) 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.
A.P. Moller-Maersk is one of 110 companies in the Transportation group. The Transportation group currently sits at #2 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. A.P. Moller-Maersk is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AMKBY’s full-year earnings has moved 1150% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.
Based on the latest available data, AMKBY has gained about 41.9% so far this year. Meanwhile, stocks in the Transportation group have gained about 12.2% on average. This means that A.P. Moller-Maersk is outperforming the sector as a whole this year.
Another stock in the Transportation sector, Union Pacific (UNP), has outperformed the sector so far this year. The stock’s year-to-date return is 25.6%.
Over the past three months, Union Pacific’s consensus EPS estimate for the current year has increased 3.9%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, A.P. Moller-Maersk belongs to the Transportation – Shipping industry, a group that includes 28 individual companies and currently sits at #39 in the Zacks Industry Rank.
In contrast, Union Pacific falls under the Transportation – Rail industry. Currently, this industry has 9 stocks and is ranked #51.
Going forward, investors interested in Transportation stocks should continue to pay close attention to A.P. Moller-Maersk and Union Pacific as they could maintain their solid performance.
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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).