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.
Has Navios Maritime Partners (NMM) Outpaced Other Transportation Stocks 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. Has Navios Maritime Partners (NMM - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Navios Maritime Partners is a member of our Transportation group, which includes 150 different companies and currently sits at #8 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 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. NMM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for NMM's full-year earnings has moved 34.98% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, NMM has gained about 38.92% so far this year. In comparison, Transportation companies have returned an average of 1.98%. This means that Navios Maritime Partners is performing better than its sector in terms of year-to-date returns.
Breaking things down more, NMM is a member of the Transportation - Shipping industry, which includes 47 individual companies and currently sits at #106 in the Zacks Industry Rank. This group has gained an average of 9.64% so far this year, so NMM is performing better in this area.
Investors in the Transportation sector will want to keep a close eye on NMM 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
Has Navios Maritime Partners (NMM) Outpaced Other Transportation Stocks This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Navios Maritime Partners (NMM - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Navios Maritime Partners is a member of our Transportation group, which includes 150 different companies and currently sits at #8 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 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. NMM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for NMM's full-year earnings has moved 34.98% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, NMM has gained about 38.92% so far this year. In comparison, Transportation companies have returned an average of 1.98%. This means that Navios Maritime Partners is performing better than its sector in terms of year-to-date returns.
Breaking things down more, NMM is a member of the Transportation - Shipping industry, which includes 47 individual companies and currently sits at #106 in the Zacks Industry Rank. This group has gained an average of 9.64% so far this year, so NMM is performing better in this area.
Investors in the Transportation sector will want to keep a close eye on NMM as it attempts to continue its solid performance.