We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Air Lease (AL) Stock Outpacing Its Transportation Peers 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. Is Air Lease (AL - Free Report) one of those stocks right now? 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.
Air Lease is one of 124 individual stocks in the Transportation sector. Collectively, these companies sit at #15 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Air Lease is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AL's full-year earnings has moved 3.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AL has moved about 18.5% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of -4.9% on a year-to-date basis. This shows that Air Lease is outperforming its peers so far this year.
Japan Airlines Ltd (JAPSY - 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 23.8%.
The consensus estimate for Japan Airlines Ltd's current year EPS has increased 31% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Air Lease is a member of the Transportation - Equipment and Leasing industry, which includes 10 individual companies and currently sits at #75 in the Zacks Industry Rank. On average, this group has gained an average of 5.8% so far this year, meaning that AL is performing better in terms of year-to-date returns.
In contrast, Japan Airlines Ltd falls under the Transportation - Airline industry. Currently, this industry has 29 stocks and is ranked #154. Since the beginning of the year, the industry has moved -8.1%.
Air Lease and Japan Airlines Ltd could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Air Lease (AL) 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. Is Air Lease (AL - Free Report) one of those stocks right now? 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.
Air Lease is one of 124 individual stocks in the Transportation sector. Collectively, these companies sit at #15 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Air Lease is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AL's full-year earnings has moved 3.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AL has moved about 18.5% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of -4.9% on a year-to-date basis. This shows that Air Lease is outperforming its peers so far this year.
Japan Airlines Ltd (JAPSY - 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 23.8%.
The consensus estimate for Japan Airlines Ltd's current year EPS has increased 31% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Air Lease is a member of the Transportation - Equipment and Leasing industry, which includes 10 individual companies and currently sits at #75 in the Zacks Industry Rank. On average, this group has gained an average of 5.8% so far this year, meaning that AL is performing better in terms of year-to-date returns.
In contrast, Japan Airlines Ltd falls under the Transportation - Airline industry. Currently, this industry has 29 stocks and is ranked #154. Since the beginning of the year, the industry has moved -8.1%.
Air Lease and Japan Airlines Ltd could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.