On Monday, Air Transport Services got an upgrade for its IBD SmartSelect Composite Rating from 92 to 96.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Air Transport Services stock, currently forming a cup without handle, with a 29.92 buy point, broke through today. This is the third up day in a row. Extended now, so look for a pullback buying opportunity. Not the time to be chasing stocks.
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The stock earns a 94 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 94% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
The company posted 44% earnings growth for Q4. It has now posted accelerating EPS growth for three consecutive quarters. Top line growth increased 21%, up from 15% in the prior quarter. That marks three quarters of rising growth.
Air Transport Services stock holds the No. 1 rank among its peers in the Transportation-Air Freight industry group. United Parcel Service and Atlas Air Worldwide are also among the group's highest-rated stocks.
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