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Has CSX (CSX) Outpaced Other Transportation Stocks This Year?
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For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is CSX (CSX - 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.
CSX is a member of the Transportation sector. This group includes 151 individual stocks and currently holds a Zacks Sector Rank of #4. 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. CSX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CSX's full-year earnings has moved 6.16% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CSX has moved about 19.67% on a year-to-date basis. In comparison, Transportation companies have returned an average of -11.98%. This means that CSX is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CSX belongs to the Transportation - Rail industry, which includes 10 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, stocks in this group have gained 5.05% 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.
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Has CSX (CSX) Outpaced Other Transportation Stocks This Year?
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is CSX (CSX - 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.
CSX is a member of the Transportation sector. This group includes 151 individual stocks and currently holds a Zacks Sector Rank of #4. 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. CSX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CSX's full-year earnings has moved 6.16% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CSX has moved about 19.67% on a year-to-date basis. In comparison, Transportation companies have returned an average of -11.98%. This means that CSX is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CSX belongs to the Transportation - Rail industry, which includes 10 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, stocks in this group have gained 5.05% 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.