The IBD SmartSelect Composite Rating for GFL Environmental rose from 94 to 96 Wednesday.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
GFL Environmental is not currently near a proper entry. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
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The stock earns a 95 EPS Rating, which means its recent quarterly and annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q4, the company reported 340% EPS growth. It has now posted accelerating EPS gains for three consecutive quarters. Top line growth came in at 5%, down from 7% in the previous quarter.
GFL Environmental earns the No. 1 rank among its peers in the Pollution-Control industry group. Aris Water Solutions and Republic Services are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
