The IBD SmartSelect Composite Rating for Ryan Specialty Holdings increased from 94 to 96 Friday.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Ryan Specialty Holdings is currently forming a cup without handle, with a 75.97 buy point. See if the stock can break out in heavy trade at least 40% higher than normal.
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The stock sports a 97 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 28% EPS growth. Top line growth climbed 20%, up from 19% in the prior report. That marks one quarter of rising revenue gains. The company's next quarterly report is expected on or around Feb. 20.
Ryan Specialty Holdings earns the No. 1 rank among its peers in the Insurance-Brokers industry group. Gallagher and Aon are also among the group's highest-rated stocks.
