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 TEEKAY TANK LTD (TNK) Stock Outpacing Its Transportation Peers 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 Teekay Tankers (TNK - 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.
Teekay Tankers is a member of our Transportation group, which includes 99 different companies and currently sits at #4 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. Teekay Tankers is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TNK's full-year earnings has moved 88.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, TNK has moved about 48.3% on a year-to-date basis. In comparison, Transportation companies have returned an average of 13%. This shows that Teekay Tankers is outperforming its peers so far this year.
One other Transportation stock that has outperformed the sector so far this year is Knight-Swift Transportation Holdings (KNX - Free Report) . The stock is up 41.6% year-to-date.
The consensus estimate for Knight-Swift Transportation Holdings' current year EPS has increased 10.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Teekay Tankers is a member of the Transportation - Shipping industry, which includes 22 individual companies and currently sits at #61 in the Zacks Industry Rank. On average, stocks in this group have gained 45% this year, meaning that TNK is performing better in terms of year-to-date returns.
Knight-Swift Transportation Holdings, however, belongs to the Transportation - Truck industry. Currently, this 12-stock industry is ranked #44. The industry has moved +40.5% so far this year.
Teekay Tankers and Knight-Swift Transportation Holdings could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Is TEEKAY TANK LTD (TNK) Stock Outpacing Its Transportation Peers This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has Teekay Tankers (TNK - 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.
Teekay Tankers is a member of our Transportation group, which includes 99 different companies and currently sits at #4 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. Teekay Tankers is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TNK's full-year earnings has moved 88.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, TNK has moved about 48.3% on a year-to-date basis. In comparison, Transportation companies have returned an average of 13%. This shows that Teekay Tankers is outperforming its peers so far this year.
One other Transportation stock that has outperformed the sector so far this year is Knight-Swift Transportation Holdings (KNX - Free Report) . The stock is up 41.6% year-to-date.
The consensus estimate for Knight-Swift Transportation Holdings' current year EPS has increased 10.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Teekay Tankers is a member of the Transportation - Shipping industry, which includes 22 individual companies and currently sits at #61 in the Zacks Industry Rank. On average, stocks in this group have gained 45% this year, meaning that TNK is performing better in terms of year-to-date returns.
Knight-Swift Transportation Holdings, however, belongs to the Transportation - Truck industry. Currently, this 12-stock industry is ranked #44. The industry has moved +40.5% so far this year.
Teekay Tankers and Knight-Swift Transportation Holdings could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.