Why Ecolab (ECL) is a Top Momentum Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Ecolab (ECL)
St. Paul, MN-headquartered Ecolab Inc. is a global sustainability provider offering water, hygiene and infection prevention solutions and services that protect people and the resources vital to life.
ECL is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of B. Shares are up 0.8% over the past one week and up 17.8% over the past four weeks. ECL has gained 24.4% in the last one-year period as well. Looking at trading volume, an average of 1,026,433.88 shares exchanged hands over the last 20 trading days.
Momentum investors also pay close attention to a company's earnings. For ECL, 11 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.09 to $5.18 per share for 2023. ECL boasts an average earnings surprise of 1.9%.
ECL should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ecolab Inc. (ECL) : Free Stock Analysis Report
