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Is Matson (MATX) Stock Outpacing Its Transportation Peers This Year?
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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Matson (MATX - 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.
Matson is a member of the Transportation sector. This group includes 110 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Matson is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for MATX's full-year earnings has moved 14.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that MATX has returned about 73.6% since the start of the calendar year. Meanwhile, stocks in the Transportation group have gained about 14.9% on average. This means that Matson is outperforming the sector as a whole this year.
Another Transportation stock, which has outperformed the sector so far this year, is Seanergy Maritime Holdings Corp (SHIP - Free Report) . The stock has returned 74.2% year-to-date.
For Seanergy Maritime Holdings Corp, the consensus EPS estimate for the current year has increased 67.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Matson is a member of the Transportation - Services industry, which includes 20 individual companies and currently sits at #181 in the Zacks Industry Rank. On average, this group has gained an average of 5.7% so far this year, meaning that MATX is performing better in terms of year-to-date returns.
Seanergy Maritime Holdings Corp, however, belongs to the Transportation - Shipping industry. Currently, this 28-stock industry is ranked #41. The industry has moved +45.7% so far this year.
Investors interested in the Transportation sector may want to keep a close eye on Matson and Seanergy Maritime Holdings Corp as they attempt to continue their solid performance.
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Is Matson (MATX) 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. Is Matson (MATX - 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.
Matson is a member of the Transportation sector. This group includes 110 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Matson is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for MATX's full-year earnings has moved 14.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that MATX has returned about 73.6% since the start of the calendar year. Meanwhile, stocks in the Transportation group have gained about 14.9% on average. This means that Matson is outperforming the sector as a whole this year.
Another Transportation stock, which has outperformed the sector so far this year, is Seanergy Maritime Holdings Corp (SHIP - Free Report) . The stock has returned 74.2% year-to-date.
For Seanergy Maritime Holdings Corp, the consensus EPS estimate for the current year has increased 67.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Matson is a member of the Transportation - Services industry, which includes 20 individual companies and currently sits at #181 in the Zacks Industry Rank. On average, this group has gained an average of 5.7% so far this year, meaning that MATX is performing better in terms of year-to-date returns.
Seanergy Maritime Holdings Corp, however, belongs to the Transportation - Shipping industry. Currently, this 28-stock industry is ranked #41. The industry has moved +45.7% so far this year.
Investors interested in the Transportation sector may want to keep a close eye on Matson and Seanergy Maritime Holdings Corp as they attempt to continue their solid performance.