Mid Cap Stocks At 52-Week Highs: Monday’s Full List

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As of Monday, October 19, there are 9 Mid Cap US and Canada-listed stocks in the Trefis coverage universe trading at their 52-week highs. Mid Cap here means a market value between $10 billion and $40 billion, the upper figure excluded.

At about $23.2 billion in market value, International Flavors & Fragrances (IFF) is the largest company on the list; its stock is up 9.6% over the past month and up 48.5% over the past year. Energy contributed the most names, 3 of the 9. For context, the S&P 500 is up 0.6% over the past month, including dividends.

Photo by ArtsyBee on Pixabay

 
Every Name On The List

Here are all 9 names, sorted by market capitalization, with returns over four windows:
 

Tickers Market
Cap
1D
Return
1W
Return
1M
Return
1Y
Return
IFF $23.2 Bil 0.3% 7.1% 9.6% 48.5%
PR $20.8 Bil 0.9% 6.0% 9.0% 112.3%
OVV $19.6 Bil 1.0% 7.6% 12.3% 96.6%
APA $17.6 Bil 1.2% 6.2% 10.9% 123.9%
RGA $17.3 Bil 0.0% 2.6% 8.6% 44.4%
RNR $14.5 Bil 0.1% 3.7% 7.5% 40.3%
HALO $14.4 Bil 0.5% 10.3% 8.9% 83.2%
PAYC $11.6 Bil 0.5% 7.7% 11.8% 27.4%
MTCH $10.4 Bil 4.1% 7.7% 4.1% 41.4%

Strong Prices, But How Strong Are The Businesses?

International Flavors & Fragrances (IFF) trades at 80.0 times trailing earnings, saw revenue decline 4.6% over the last twelve months and earned an operating margin of 8.0%.

Permian Resources (PR) trades at 16.8 times trailing earnings, grew revenue 12.8% over the last twelve months and earned an operating margin of 43.5%.

Across the list, one-month moves range from +4.1% for Match (MTCH) to +12.3% for Ovintiv (OVV).

The median stock on the list is up 48.5% over the past year.

2 of the 9 names are also S&P 500 members.

A new high tells you what the market already believes. The harder question is which of these runs management itself is underwriting. Our Guidance Momentum screen tracks exactly that: stocks where the company raised its own forward numbers.

Strength Is A Clue. It Is Not A Plan

A stock at its 52-week high has momentum on its side, and momentum is a real force. It is also the most crowded signal in the market, and what separates a run that lasts from one that tops is usually the business underneath.

Checking that business, across thousands of names, is how the Trefis High Quality (HQ) Portfolio is assembled: roughly 30 companies that pass the quality screens, rebalanced on rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Let the highs point; let the discipline decide.