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Penford Corp. (PENX) Worth a Look: Stock Rises 7.9%

Zacks Equity Research

Penford Corporation (PENX) was a big mover last session with shares rising nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down over 19% in the last one-month time frame.
 
This basic materials manufacturer saw one negative estimate revision in the past 7 days. Its Zacks Consensus Estimate also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can last.

Penford currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

However, some better-performing stocks in the same sector include The Andersons, Inc. (ANDE), KapStone Paper and Packaging Corp. (KS) and Methanex Corp. (MEOH). All these stocks carry a Zacks Rank #1 (Strong Buy).

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PENFORD CP (PENX): Free Stock Analysis Report

THE ANDERSONS INC (ANDE): Free Stock Analysis Report

KAPSTONE PAPER AND PACKAGING COR (KS): Free Stock Analysis Report

METHANEX CP (MEOH): Free Stock Analysis Report


Zacks Investment Research