Agriculture stock Andersons isn't the only good stock that just had a bad quarter amid the market plunge. But not many companies can claim that their stock is outperforming nearly 90% of all stocks out there. Andersons can. On Wednesday Andersons stock Relative Strength (RS) Rating shot up to 89 from 80 the day before.
Andersons Stock Moves Into Exclusive Group
The 89 RS Rating shows that Andersons stock outperformed 89% of all stocks in terms of price performance over the past year. Market history shows that the best stocks typically have an 80 or higher RS Rating as they launch their biggest price moves.
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Among its other primary ratings, Andersons has a 74 Composite Rating, putting it in the top 26% of all stocks on a group of five key metrics. The Group RS rating is a best-possible A. Its C Accumulation/Distribution Rating shows about as many investors are buying its stock as selling.
Andersons, whose headquarters is near Toledo, Ohio, had a good run starting last July and its stock more than doubled by April this year. It rose from an intraday low 25.20 on July 23 to a more-than 10-year high at 59 on April 21. It's consolidated in sync with the market pullback recently. On Wednesday Andersons stock rose 0.7% to 36.62.
Andersons distributes grains including corn, wheat and soybeans. It sells mainly to processors and feeders in the U.S. and Canada.
Last quarter the grain distributor reported a 50% drop in EPS to 18 cents amid the market slump. To put that in perspective though, Andersons the prior three quarters reported EPS growth of 408%, 288% and 104%. Revenue grew 53% last quarter to $3.98 billion. That came on the heels of 73%, 59% and 51% year-over-year revenue gains.
Peers In Food Distribution Group
Andersons stock is ranked No. 3 among its peers in the Food-Grain & Related industry group. Ingredion and Archer Daniels Midland are also among the group's highest-rated stocks.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
