On Wednesday, Montrose Environmental got an upgrade for its IBD SmartSelect Composite Rating 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 climbs.
Montrose Environmental is not currently near a proper buy zone. Look for the stock to form and break out of a new chart pattern.
The stock sports a 92 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 92% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
The company posted a 215% earnings gain for Q2. Revenue growth increased 35%, up from 14% in the prior quarter. That marks one quarter of accelerating revenue gains.
Montrose Environmental holds the No. 2 rank among its peers in the Pollution-Control industry group. Perma-Pipe Intl is the No. 1-ranked stock within the group.
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.
