Is More Good News Ahead for Recent Winner Vulcan Materials (VMC)? - Tale of the Tape
21 February 2014 - 12:54AM
Zacks
One company that should be on your
radar is Vulcan Materials Company (VMC). The stock
of this Building Materials provider has seen its Zacks Rank surge
over the past four weeks, moving from Buy to its current position
as a Strong Buy.
A key reason for this move has been the positive trend in the
earnings estimate revisions picture. For VMC’s full year estimate,
we have seen 6 estimates go higher in the past 30 days, and there
has been no downward revision over the same time frame. This trend
has helped the consensus estimate to trend higher, going from 55
cents a share a month ago to its current level at 71 cents.
This positive shift in estimates has made some investors take
notice and buy the stock. In fact, VMC has seen some pretty solid
trading lately, as the company has moved higher by 10.8% in the
past month.
If Vulcan Materials can keep up this great momentum on the earnings
estimate front and continue to impress analysts, we could see more
gains ahead for this company, suggesting that you might want to put
VMC on your watch list for the future.
Other top-ranked stocks worth considering in this space include
Anhui Conch Cement Co. Ltd. (AHCHY),
CaesarStone Sdot-Yam Ltd. (CSTE) and USG
Corporation (USG). While, Anhui Conch Cement and
CaesarStone carry a Zacks Rank #1 (Strong Buy), USG Corporation
holds a Zacks Rank #2 (Buy).
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