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.
Has United Parcel Service (UPS) Outpaced Other Transportation Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has United Parcel Service (UPS - Free Report) been one of those stocks this year? 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.
United Parcel Service is a member of our Transportation group, which includes 140 different companies and currently sits at #10 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. UPS is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for UPS's full-year earnings has moved 11% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, UPS has moved about 49.06% on a year-to-date basis. In comparison, Transportation companies have returned an average of 15.39%. This shows that United Parcel Service is outperforming its peers so far this year.
Looking more specifically, UPS belongs to the Transportation - Air Freight and Cargo industry, a group that includes 4 individual stocks and currently sits at #46 in the Zacks Industry Rank. This group has gained an average of 74.80% so far this year, so UPS is slightly underperforming its industry in this area.
Going forward, investors interested in Transportation stocks should continue to pay close attention to UPS as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has United Parcel Service (UPS) 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. Has United Parcel Service (UPS - Free Report) been one of those stocks this year? 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.
United Parcel Service is a member of our Transportation group, which includes 140 different companies and currently sits at #10 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. UPS is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for UPS's full-year earnings has moved 11% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, UPS has moved about 49.06% on a year-to-date basis. In comparison, Transportation companies have returned an average of 15.39%. This shows that United Parcel Service is outperforming its peers so far this year.
Looking more specifically, UPS belongs to the Transportation - Air Freight and Cargo industry, a group that includes 4 individual stocks and currently sits at #46 in the Zacks Industry Rank. This group has gained an average of 74.80% so far this year, so UPS is slightly underperforming its industry in this area.
Going forward, investors interested in Transportation stocks should continue to pay close attention to UPS as it looks to continue its solid performance.