Is Ryder System (R) Stock Outpacing Its Transportation Peers This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Ryder (R) 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.
Ryder is a member of our Transportation group, which includes 131 different companies and currently sits at #11 in the Zacks Sector Rank. 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 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. Ryder is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for R's full-year earnings has moved 7.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, R has gained about 22.4% so far this year. In comparison, Transportation companies have returned an average of 10%. As we can see, Ryder is performing better than its sector in the calendar year.
Another Transportation stock, which has outperformed the sector so far this year, is Teekay Tankers (TNK). The stock has returned 33.8% year-to-date.
In Teekay Tankers' case, the consensus EPS estimate for the current year increased 3.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ryder belongs to the Transportation - Equipment and Leasing industry, a group that includes 11 individual stocks and currently sits at #17 in the Zacks Industry Rank. This group has gained an average of 13.5% so far this year, so R is performing better in this area.
Teekay Tankers, however, belongs to the Transportation - Shipping industry. Currently, this 38-stock industry is ranked #208. The industry has moved +12.4% so far this year.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Ryder and Teekay Tankers as they could maintain their solid performance.
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Ryder System, Inc. (R) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
