RB Global saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96.
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The new score indicates 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.
RB Global has now climbed above a proper buy zone after clearing the 101.50 entry in a double bottom.
The stock sports an 87 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 87% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q1, the company posted -1% EPS growth. Revenue growth came in at 4%, down from 10% in the prior quarter.
RB Global holds the No. 1 rank among its peers in the Retail-Specialty industry group. Regis and Ulta Beauty are also among the group's highest-rated stocks.
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