The IBD SmartSelect Composite Rating for Middlesex Water rose from 94 to 96 Thursday.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Middlesex Water is currently forming a cup with handle, with a 65.60 entry. See if the stock can break out in volume at least 40% above average.
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The stock has an 89 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 89% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q4, the company posted 53% earnings-per-share growth. It has now posted accelerating EPS gains for two consecutive quarters. Sales growth climbed 22%, up from 18% in the prior quarter. The company has now posted increasing growth in each of the last five reports.
Middlesex Water earns the No. 1 rank among its peers in the Utility-Water Supply industry group. SABESP ADR and American Water Works are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
