We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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 Norfolk Southern (NSC) Stock Outpacing Its Transportation Peers This Year?
Read MoreHide Full Article
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Norfolk Southern (NSC - 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? One simple way to answer this question is to take a look at the year-to-date performance of NSC and the rest of the Transportation group's stocks.
Norfolk Southern is a member of the Transportation sector. This group includes 152 individual stocks and currently holds a Zacks Sector Rank of #3. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. NSC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NSC's full-year earnings has moved 1.39% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, NSC has gained about 12.35% so far this year. At the same time, Transportation stocks have lost an average of 4.26%. This means that Norfolk Southern is outperforming the sector as a whole this year.
Breaking things down more, NSC is a member of the Transportation - Rail industry, which includes 10 individual companies and currently sits at #49 in the Zacks Industry Rank. Stocks in this group have gained about 11.16% so far this year, so NSC is performing better this group in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on NSC as it attempts to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Norfolk Southern (NSC) Stock Outpacing Its Transportation Peers This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Norfolk Southern (NSC - 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? One simple way to answer this question is to take a look at the year-to-date performance of NSC and the rest of the Transportation group's stocks.
Norfolk Southern is a member of the Transportation sector. This group includes 152 individual stocks and currently holds a Zacks Sector Rank of #3. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. NSC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NSC's full-year earnings has moved 1.39% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, NSC has gained about 12.35% so far this year. At the same time, Transportation stocks have lost an average of 4.26%. This means that Norfolk Southern is outperforming the sector as a whole this year.
Breaking things down more, NSC is a member of the Transportation - Rail industry, which includes 10 individual companies and currently sits at #49 in the Zacks Industry Rank. Stocks in this group have gained about 11.16% so far this year, so NSC is performing better this group in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on NSC as it attempts to continue its solid performance.