Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Allegheny Technologies (ATI)
Pittsburgh, PA-based ATI Inc. is a diversified specialty materials producer. The company was created in November 1999 when Allegheny Teledyne spun out Teledyne Technologies and Water Pik Technologies into standalone companies.
ATI is a Zacks Rank #1 (Strong Buy) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 10.1% year-over-year for the current fiscal year, with sales growth of 5.9%.
Two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $2.19 per share for 2023. ATI boasts an average earnings surprise of 32.4%.
On a historic basis, Allegheny Technologies has generated cash flow growth of 14.9%, and is expected to report cash flow expansion of 168% this year.
ATI should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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ATI Inc. (ATI) : Free Stock Analysis Report