Is Air Canada (ACDVF) Stock Outpacing Its Transportation Peers This Year?
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For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Air Canada (ACDVF) 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? Let's take a closer look at the stock's year-to-date performance to find out.Air Canada is one of 122 companies in the Transportation group. The Transportation group currently sits at #5 within 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. Air Canada is currently sporting a Zacks Rank of #1 (Strong Buy).The Zacks Consensus Estimate for ACDVF's full-year earnings has moved 8.6% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the most recent data, ACDVF has returned 5.7% so far this year. In comparison, Transportation companies have returned an average of -3%. This means that Air Canada is outperforming the sector as a whole this year.Another Transportation stock, which has outperformed the sector so far this year, is A.P. Moller-Maersk (AMKBY). The stock has returned 18% year-to-date.Over the past three months, A.P. Moller-Maersk's consensus EPS estimate for the current year has increased 145.7%. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Air Canada belongs to the Transportation - Airline industry, a group that includes 25 individual stocks and currently sits at #77 in the Zacks Industry Rank. On average, this group has gained an average of 3.8% so far this year, meaning that ACDVF is performing better in terms of year-to-date returns. In contrast, A.P. Moller-Maersk falls under the Transportation - Shipping industry. Currently, this industry has 38 stocks and is ranked #29. Since the beginning of the year, the industry has moved -0.8%.Air Canada and A.P. Moller-Maersk could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Air Canada (ACDVF): Free Stock Analysis Report A.P. Moller-Maersk (AMKBY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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