Here's Why Invesco (IVZ) is a Strong Value Stock
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.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
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.
Invesco (IVZ)
Headquartered in Atlanta, GA, Invesco Ltd., – formerly AMVESCAP PLC – operates as an independent investment manager and offers a wide range of investment products and services. The company was incepted in 1935. As of Dec 31, 2023, Invesco had offices in more than 20 countries and AUM worth $1.59 trillion.
IVZ is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 9.1X for the current fiscal year compared to the Financial - Investment Management industry's P/E of 11.1X. Additionally, IVZ has a PEG Ratio of 1.2 and a Price/Cash Flow ratio of 2.9X. Value investors should also note IVZ's Price/Sales ratio of 1.2X.
A company's earnings performance is important for value investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for IVZ, while the Zacks Consensus Estimate has increased $0.03 to $1.71 per share. IVZ also holds an average earnings surprise of 0.2%.
Investors should take the time to consider IVZ for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Invesco Ltd. (IVZ) : Free Stock Analysis Report
