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Tickers in this Article: PAC, ASR, ALEX, CEA, KEX, SAVE, EXPD
The Nasdaq has climbed 0.8%, the S&P 500 has risen 0.3% and the Dow is up 0.3% on a good day for the market so far. The transportation sector is a category of stocks relating to the transportation of goods or customers. It is made up of airlines, railroads and trucking companies. The performance of the transportation sector is sensitive to the price of oil. Because operations revolve around the use of vehicles, fuel prices represent a significant cost to transportation companies. As the price of oil rises, transportation companies will be expected to earn less. Inversely, these companies do well when the cost of fuel decreases.

The Transportation sector (IYT) is up 0.3%, underperforming the market overall. The biggest movers in the sector are currently:
CompanyMarket CapPercentage Change
Grupo Aeroportuario del Pacifico (ADR) (NYSE:PAC)$2.21 billion-4%
Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR)$2.68 billion-3.1%
Alexander & Baldwin, Inc. (NYSE:ALEX)$1.24 billion+2.2%
China Eastern Airlines Corp. Ltd. (ADR) (NYSE:CEA)$3.91 billion-1.8%
Kirby Corporation (NYSE:KEX)$3.03 billion+1.8%
Spirit Airlines Incorporated (Nasdaq:SAVE)$1.47 billion-1.6%
Expeditors Intl (Nasdaq:EXPD)$7.87 billion+1.5%
Forex Broker Summary: UFXMarkets

After a decline of 4%, Grupo Aeroportuario del Pacifico (NYSE:PAC) has hit a share price of $37.90. The company is trading at a volume of 20,821 shares. This is more trading activity than there was yesterday. Volume is an important indicator because it indicates how significant a price shift is. A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. One of the favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. PAC's P/B ratio of 1.13 shows that its share price is higher than its book value. It is important to take the company's debt into account when using the P/B ratio as debt can boost a company's liabilities to the point where they wipe out much of the book value of its hard assets, creating artificially high P/B values. To put things in perspective, should be made among companies in the same industry rather than across industries. SEE: Investment Valuation Ratios: Price/Book Value Ratio

Grupo Aeroportuario del Sureste (NYSE:ASR) has fallen 3.1% and is currently trading at $86.72 per share. The company's volume is currently 21,832 shares for the day, consistent with its current daily average. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is. Valuation ratios include the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. A company's price/earnings ratio (P/E ratio) provides a measure of how expensive or cheap a stock is. The P/E ratio for ASR is 19.6, above the industry average of 6.53. A company with a high P/E ratio will eventually have to live up to the high rating by substantially increasing its earnings, or the price will need to drop. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: Understanding The P/E Ratio

After an increase of 2.2%, Alexander & Baldwin (NYSE:ALEX) has reached a current price of $29.92. So far today, 29,216 shares have changed hands. If a stock price moves on high volume, this means that the change is a significant one. While investment valuation ratios are useful tools in estimating the attractiveness of an investment, remember that it is important to look at a company's historical performance and compare the company ratios with its competitors and industry overall. The debt ratio gives users a quick measure of the amount of debt that the company has on its balance sheets compared to its assets. ALEX's debt ratio of 38.2% is on the low side. This indicates that the company engages in conservative financing with opportunities to borrow in the future at no significant risk. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.

At $17.03, China Eastern Airlines Corp. Ltd (NYSE:CEA) has slipped 1.8%. The company's volume is currently 2,379 shares for the day, 0.2 times the average volume over the last three months. Volume indicates the level of interest that investors have in a company at its current price. A company's investment value can be estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The debt-equity (D/E) ratio is a leverage ratio. The D/E ratio for CEA is 186%. Generally, a high D/E ratio means that the company may have difficulty generating enough cash to pay off its debts. This easy-to-calculate ratio provides a general indication of a company's equity-liability relationship and is helpful to investors looking for a quick take on a company's leverage.

Kirby (NYSE:KEX) is at $55.19 per share after an increase of 1.8%. The company's volume for the day so far is 117,554 shares. This is on pace to reach yesterday's trading volume of 265,543 shares. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. Investment valuation ratios can be very useful in determining the value of a stock, but it is very important to keep in mind that while some financial ratios have general rules (or a broad application), in most instances it is a prudent practice to look at a company's historical performance and use peer company/industry comparisons to put any given company's ratio in perspective. If the price/book value ratio of a stock is high, it may indicate that the stock is expensive, while a lower ratio may indicate that the stock is a bargain. The P/B ratio for KEX is 1.99, indicating that the stock is trading for more than its book value. This implies that investors expect management to create more value from a given set of assets and/or that the market value of the firm's assets is significantly higher than their accounting value. P/B value ratios are particularly useful to value investors, distressed or "vulture" investors, or any other investors purchasing beaten-down securities but are less useful to investors focused on growth stocks, purchasing IPOs, or investing in technology or other "asset-lite" companies. SEE: Using The Price-To-Book Ratio To Evaluate Companies

Spirit Airlines (Nasdaq:SAVE) has decreased to $20 per share, a 1.6% fall. At 72,790 shares, the company's volume so far today is 0.1 times the average daily volume. In technical analysis, trading volume is used to determine the strength of a market indicator. It is important for an investor to estimate the value of any potential or existing investment; valuation ratios make this easier. Price/earnings ratios (P/E ratios) provide a measure of the relative value of a stock. Relative to the industry P/E ratio of 45.09, SAVE's 13.7 is low. A low P/E ratio may indicate that the market expects relatively slower earnings growth. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: Profit With The Power Of Price-To-Earnings

The company is currently trading a volume of 551,225 shares. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. Valuation ratios allow the investor to make a quick determination as to a company's investment value. When used consistently and uniformly, the price/earnings to growth (PEG) ratio is an essential tool that adds dimension to the price/earnings ratio, allows comparisons across diverse industries and is always on the lookout for value. PEG ratio for EXPD is consistent with the industry average at 2.05. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.

The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

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