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Is Ryder System (R) Stock Outpacing Its Transportation Peers 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. Ryder (R - Free Report) 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? 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.
Ryder is a member of our Transportation group, which includes 138 different companies and currently sits at #7 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for R's full-year earnings has moved 6.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that R has returned about 3% since the start of the calendar year. Meanwhile, stocks in the Transportation group have lost about 13.8% on average. This shows that Ryder is outperforming its peers so far this year.
Universal Logistics (ULH - Free Report) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 79.5%.
The consensus estimate for Universal Logistics' current year EPS has increased 10.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Ryder belongs to the Transportation - Equipment and Leasing industry, a group that includes 12 individual stocks and currently sits at #97 in the Zacks Industry Rank. Stocks in this group have gained about 1.1% so far this year, so R is performing better this group in terms of year-to-date returns.
On the other hand, Universal Logistics belongs to the Transportation - Services industry. This 29-stock industry is currently ranked #95. The industry has moved -20% year to date.
Investors interested in the Transportation sector may want to keep a close eye on Ryder and Universal Logistics as they attempt to continue their solid performance.
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Is Ryder System (R) Stock Outpacing Its Transportation Peers 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. Ryder (R - Free Report) 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? 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.
Ryder is a member of our Transportation group, which includes 138 different companies and currently sits at #7 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for R's full-year earnings has moved 6.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that R has returned about 3% since the start of the calendar year. Meanwhile, stocks in the Transportation group have lost about 13.8% on average. This shows that Ryder is outperforming its peers so far this year.
Universal Logistics (ULH - Free Report) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 79.5%.
The consensus estimate for Universal Logistics' current year EPS has increased 10.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Ryder belongs to the Transportation - Equipment and Leasing industry, a group that includes 12 individual stocks and currently sits at #97 in the Zacks Industry Rank. Stocks in this group have gained about 1.1% so far this year, so R is performing better this group in terms of year-to-date returns.
On the other hand, Universal Logistics belongs to the Transportation - Services industry. This 29-stock industry is currently ranked #95. The industry has moved -20% year to date.
Investors interested in the Transportation sector may want to keep a close eye on Ryder and Universal Logistics as they attempt to continue their solid performance.