TMCnet News
Shares of American Vanguard Rank the Highest in Terms of P/E Ratio in the Fertilizers & Agricultural Chemicals Industry (AVD, MON, SMG, IPI, POT)Feb 12, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Fertilizers & Agricultural Chemicals industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.American Vanguard ranks highest with a a P/E ratio of 28.88. Monsanto is next with a a P/E ratio of 23.92. Scotts Miracle-Gro ranks third highest with a a P/E ratio of 22.00. Intrepid Potash follows with a a P/E ratio of 18.65, and Potash rounds out the top five with a a P/E ratio of 15.76. SmarTrend recommended that subscribers consider buying shares of Potash on December 11th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $40.64. Since that recommendation, shares of Potash have risen 4.3%. We continue to monitor Potash for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |