On Friday, Ameren Corp got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.
The new rating shows the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Ameren Corp is trading within the buy zone from a 95.69 entry from a cup without handle.
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The stock earns an 83 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 83% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 28% earnings-per-share gain for Q4. Top line growth increased 20%, up from 5% in the prior report. The company has now posted increasing growth in each of the last four reports.
Ameren Corp holds the No. 1 rank among its peers in the Utility-Diversified industry group. Chesapeake Utilities and Alliant Energy are also among the group's highest-rated stocks.
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