Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Pangaea Logistics (PANL) 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? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
Pangaea Logistics is a member of our Transportation group, which includes 122 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Pangaea Logistics is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for PANL's full-year earnings has moved 650% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, PANL has gained about 32.3% so far this year. At the same time, Transportation stocks have lost an average of 2.5%. As we can see, Pangaea Logistics is performing better than its sector in the calendar year.
Another stock in the Transportation sector, SkyWest (SKYW), has outperformed the sector so far this year. The stock's year-to-date return is 1.1%.
In SkyWest's case, the consensus EPS estimate for the current year increased 3.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Pangaea Logistics belongs to the Transportation - Shipping industry, a group that includes 39 individual stocks and currently sits at #52 in the Zacks Industry Rank. This group has gained an average of 13.2% so far this year, so PANL is performing better in this area.
In contrast, SkyWest falls under the Transportation - Airline industry. Currently, this industry has 26 stocks and is ranked #163. Since the beginning of the year, the industry has moved +8%.
Pangaea Logistics and SkyWest could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
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Pangaea Logistics Solutions Ltd. (PANL): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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