The new rating is a sign the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria.
Vedanta is now out of buy range after clearing the 6.95 buy point in a cup without handle.
One weak spot is the company’s 66 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 A- shows heavy buying by institutional investors over the last 13 weeks.
In Q4, the company reported 152% EPS growth. That marks two straight reports with rising EPS growth. Revenue growth climbed 47%, up from 5% in the prior quarter. The company has now posted rising growth in each of the last three quarters.
Vedanta earns the No. 5 rank among its peers in the Mining-Metal Ores industry group. Southern Copper (SCCO) is the top-ranked stock within the group.
YOU MIGHT ALSO LIKE: