CVR Partners stock saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 92 to 97. The nitrogen fertilizer firm has a 99 Relative Strength Rating.
The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
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Is CVR Partners Stock A Buy?
CVR Partners stock is currently extended beyond a proper buy zone after breaking out from an 87.30 entry in a flat base. Watch for the stock to pull back and form a new base or pattern for a buying opportunity. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
One weak spot is the company's 71 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
Earnings Growth Keeps On Trekking
In Q4, the fertilizer company posted 476% EPS growth. That marks three straight reports with rising EPS growth. Revenue growth climbed 109%, up from 82% in the prior quarter. That marks three quarters of rising growth.
CVR Partners stock holds the No. 7 rank among its peers in the Chemicals-Agriculture industry group. CF Industries, FMC and ICL Group are among the top 5 highly-rated stocks within the group.
