McGrath RentCorp saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
McGrath RentCorp is currently forming a cup with handle, with a 127.68 buy point. Look for the stock to break out in volume at least 40% above average.
The stock sports a 96 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q2, the company reported 74% earnings-per-share growth. That means it's now posted two straight quarters of rising EPS growth. Revenue growth climbed 11%, up from 4% in the prior quarter. That marks one quarter of rising revenue growth.
McGrath RentCorp holds the No. 1 rank among its peers in the Commercial Services-Leasing industry group. Air Lease and United Rentals are also among the group's highest-rated stocks.
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