On Wednesday, SJW Group got an upgrade for its IBD SmartSelect Composite Rating from 90 to 96.
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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
SJW Group is currently forming a cup without handle, with a 62.18 buy point. See if the stock can break out in heavy trade at least 40% higher than normal.
The stock has a 93 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 39% EPS growth. It has now posted accelerating EPS increases for three consecutive quarters. Top line growth came in at 12%, down from 15% in the prior quarter.
SJW Group holds the No. 3 rank among its peers in the Utility-Water Supply industry group. SABESP ADR is the top-ranked stock within the group.
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