Packaging as a growth industry? It seems so. One of the hottest stocks lately has been Graphic Packaging. And on Tuesday the Relative Strength Rating. for Graphic Packaging stock climbed to 85, placing it among the top 15% of all stocks.
The upwardly revised rating points to unusual growth. Market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest price moves.
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Graphic Packaging Stock's Other Ratings Rock
Beyond the RS Rating, Atlanta-based Graphic Packaging boasts a near-perfect 98 EPS Rating of a best-possible 99. Similarly, it hosts a near-unassailable 97 Composite Rating.
The IBD Composite Rating helps investors easily measure the quality of a stock's fundamental and technical metrics. The best growth stocks have a Composite Rating of 90 or better.
In terms of fundamentals, Graphic Packaging reported a 108% leap in year-over-year earnings growth last quarter, to 54 cents per share. Sales climbed 36% to $2.36 billion. Its sales growth rate rose every quarter for the past year, from 5% to 20% to 36% before the 108% increase last quarter.
Graphic Packaging stock dipped 0.5% Tuesday. It's not currently near a potential buy zone. See if the stock goes on to build a base that could launch a new move.
The company showed 108% EPS growth last quarter. Sales rose 36%. The next quarterly results are expected on or around Oct. 26.
Top-Ranked In Its Group
The company earns the No. 1 rank among it peers in the Paper & Paper Production industry group.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against that of all other stocks.
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