The IBD SmartSelect Composite Rating for Matson rose from 86 to 97 Friday.
The new rating is a sign 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 launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Matson is currently extended beyond a proper buy zone after clearing the 122.99 entry in a consolidation.
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The stock has a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 98% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 73% increase in earnings for Q3. That marks six straight quarters of rising EPS performance. Revenue growth increased 16%, up from 10% in the prior report. That marks six quarters of rising growth.
Matson holds the No. 1 rank among its peers in the Transportation-Ship industry group. Costamare and Euroseas are also among the group's highest-rated stocks.
