Stocks With Rising Composite Ratings: Herc

Herc (HRI) saw its IBD SmartSelect Composite Rating rise to 98 Friday, up from 93 the day before.

The new rating shows the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria.

Herc has now climbed above a proper buy zone after breaking out from a 36.61 entry in a cup without handle.

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The stock sports a 99 EPS Rating, which means its recent quarterly and annual earnings growth tops 99% of all stocks.

Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.

In Q2, the company posted 528% earnings-per-share growth. Revenue growth increased 33%, up from 4% in the prior report. That marks four quarters of rising growth.

Herc earns the No. 3 rank among its peers in the Commercial Services-Leasing industry group. CAI International (CAI) is the No. 1-ranked stock within the group.


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