Yahoo Finance Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Ameriprise Financial Services (AMP)
Headquartered in Minneapolis, MN, Ameriprise Financial, Inc. was founded in 1894 under the name Investors Syndicate. Notably, since 2005-end, Ameriprise has been operating independently of American Express Company. As of Dec 31, 2022, the company owned, managed and administered assets worth $1.18 trillion.
AMP boasts a Value Style Score of A and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Shares of Ameriprise Financial Services are trading at a forward earnings multiple of 9.8X, as well as a PEG Ratio of 0.5, a Price/Cash Flow ratio of 11.4X, and a Price/Sales ratio of 2.2X.
A company's earnings performance is important for value investors as well. For fiscal 2023, two analysts revised their earnings estimate higher in the last 60 days for AMP, while the Zacks Consensus Estimate has increased $0.11 to $30.69 per share. AMP also holds an average earnings surprise of 5.5%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding AMP to their portfolios.
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Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report
