Air Lease saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
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The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Air Lease is now out of buy range after clearing the 60.41 buy point in a flat base.
The stock earns an 83 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 83% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company posted 311% earnings growth. It has now posted accelerating EPS increases for two consecutive quarters. Top line growth came in at 10%, down from 11% in the previous quarter.
Air Lease holds the No. 1 rank among its peers in the Commercial Services-Leasing industry group. United Rentals and McGrath RentCorp are also among the group's highest-rated stocks.
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