On Tuesday, Allegiant Travel got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Allegiant Travel is not currently near a proper buy point. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
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The stock sports an 83 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 83% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 1,809% increase in earnings for Q4. Sales growth increased 3%, up from -1% in the prior quarter. That marks two quarters of increasing revenue gains.
Allegiant Travel earns the No. 3 rank among its peers in the Transportation-Airline industry group. Alaska Air Group is the top-ranked stock within the group.
