For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. CSX (CSX - 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? 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.
CSX is a member of our Transportation group, which includes 153 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. CSX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CSX's full-year earnings has moved 2.86% 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, CSX has gained about 28.88% so far this year. In comparison, Transportation companies have returned an average of 17.63%. This means that CSX is outperforming the sector as a whole this year.
Breaking things down more, CSX is a member of the Transportation - Rail industry, which includes 10 individual companies and currently sits at #57 in the Zacks Industry Rank. On average, this group has gained an average of 28.33% so far this year, meaning that CSX is performing better in terms of year-to-date returns.
Investors with an interest in Transportation stocks should continue to track CSX. The stock will be looking to continue its solid performance.