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 China Cosco (CICOY) Outperforming Other Transportation Stocks This Year?
Read MoreHide Full Article
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (CICOY - Free Report) been one of those stocks this year? 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.
COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR is a member of our Transportation group, which includes 122 different companies and currently sits at #4 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 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. COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CICOY's full-year earnings has moved 17.6% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CICOY has returned 7.7% so far this year. Meanwhile, stocks in the Transportation group have lost about 3.7% on average. This means that COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR is performing better than its sector in terms of year-to-date returns.
One other Transportation stock that has outperformed the sector so far this year is Central Japan Railway Co. (CJPRY - Free Report) . The stock is up 19.7% year-to-date.
The consensus estimate for Central Japan Railway Co.'s current year EPS has increased 9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR belongs to the Transportation - Shipping industry, a group that includes 38 individual companies and currently sits at #31 in the Zacks Industry Rank. Stocks in this group have lost about 5.6% so far this year, so CICOY is performing better this group in terms of year-to-date returns.
In contrast, Central Japan Railway Co. falls under the Transportation - Rail industry. Currently, this industry has 9 stocks and is ranked #51. Since the beginning of the year, the industry has moved +5.6%.
COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR and Central Japan Railway Co. 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 China Cosco (CICOY) Outperforming Other Transportation Stocks This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (CICOY - Free Report) been one of those stocks this year? 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.
COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR is a member of our Transportation group, which includes 122 different companies and currently sits at #4 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 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. COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CICOY's full-year earnings has moved 17.6% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CICOY has returned 7.7% so far this year. Meanwhile, stocks in the Transportation group have lost about 3.7% on average. This means that COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR is performing better than its sector in terms of year-to-date returns.
One other Transportation stock that has outperformed the sector so far this year is Central Japan Railway Co. (CJPRY - Free Report) . The stock is up 19.7% year-to-date.
The consensus estimate for Central Japan Railway Co.'s current year EPS has increased 9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR belongs to the Transportation - Shipping industry, a group that includes 38 individual companies and currently sits at #31 in the Zacks Industry Rank. Stocks in this group have lost about 5.6% so far this year, so CICOY is performing better this group in terms of year-to-date returns.
In contrast, Central Japan Railway Co. falls under the Transportation - Rail industry. Currently, this industry has 9 stocks and is ranked #51. Since the beginning of the year, the industry has moved +5.6%.
COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR and Central Japan Railway Co. could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.