SAP ADR saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 93 to 96.
Discover The 3 Keys To Successful Stock Investing
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
SAP ADR has now climbed above a proper buy zone after clearing the 280.44 buy point in a double bottom.
One weak spot is the company's 78 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.
In Q1, the company reported 79% EPS growth. It has now posted accelerating EPS gains for two consecutive quarters. Revenue growth climbed 12%, up from 4% in the prior report. That marks one quarter of rising revenue gains. The company's next quarterly report is expected on or around Jul. 22.
SAP ADR holds the No. 4 rank among its peers in the Computer Software-Enterprise industry group. is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
