Back to top

Image: Bigstock

Has Pacific Basin Shipping Ltd. (PCFBY) Outpaced Other Transportation Stocks This Year?

Read MoreHide Full Article

The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Pacific Basin Shipping Ltd. (PCFBY - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

Pacific Basin Shipping Ltd. is one of 139 individual stocks in the Transportation sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. Pacific Basin Shipping Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for PCFBY's full-year earnings has moved 15.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, PCFBY has moved about 11.8% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of 5.6% on a year-to-date basis. As we can see, Pacific Basin Shipping Ltd. is performing better than its sector in the calendar year.

Another Transportation stock, which has outperformed the sector so far this year, is Swire Pacific (SWRAY - Free Report) . The stock has returned 6.3% year-to-date.

The consensus estimate for Swire Pacific's current year EPS has increased 10.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Pacific Basin Shipping Ltd. is a member of the Transportation - Shipping industry, which includes 43 individual companies and currently sits at #97 in the Zacks Industry Rank. This group has gained an average of 56.9% so far this year, so PCFBY is slightly underperforming its industry in this area.

Swire Pacific, however, belongs to the Transportation - Airline industry. Currently, this 29-stock industry is ranked #247. The industry has moved -16% so far this year.

Pacific Basin Shipping Ltd. and Swire Pacific could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Swire Pacific Ltd. (SWRAY) - free report >>

Pacific Basin Shipping Ltd. (PCFBY) - free report >>

Published in