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 CSX (CSX) Stock Outpacing Its Transportation Peers This Year?
Read MoreHide Full Article
Investors focused on the Transportation space have likely heard of CSX (CSX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CSX and the rest of the Transportation group's stocks.
CSX is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. CSX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CSX's full-year earnings has moved 7.12% 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, CSX has returned 19.83% so far this year. Meanwhile, stocks in the Transportation group have lost about 8.41% on average. This shows that CSX is outperforming its peers so far this year.
To break things down more, CSX belongs to the Transportation - Rail industry, a group that includes 10 individual companies and currently sits at #15 in the Zacks Industry Rank. On average, this group has gained an average of 7.92% so far this year, meaning that CSX is performing better in terms of year-to-date returns.
CSX will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is CSX (CSX) Stock Outpacing Its Transportation Peers This Year?
Investors focused on the Transportation space have likely heard of CSX (CSX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CSX and the rest of the Transportation group's stocks.
CSX is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. CSX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CSX's full-year earnings has moved 7.12% 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, CSX has returned 19.83% so far this year. Meanwhile, stocks in the Transportation group have lost about 8.41% on average. This shows that CSX is outperforming its peers so far this year.
To break things down more, CSX belongs to the Transportation - Rail industry, a group that includes 10 individual companies and currently sits at #15 in the Zacks Industry Rank. On average, this group has gained an average of 7.92% so far this year, meaning that CSX is performing better in terms of year-to-date returns.
CSX will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.