Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
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
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and 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 Jun 30, 2022, the company owned, managed and administered assets worth $1.17 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 11.3X, as well as a PEG Ratio of 0.7, a Price/Cash Flow ratio of 10.8X, and a Price/Sales ratio of 2.1X.
A company's earnings performance is important for value investors as well. For fiscal 2022, one analyst revised their earnings estimate higher in the last 60 days for AMP, while the Zacks Consensus Estimate has increased $0.03 to $24.00 per share. AMP also holds an average earnings surprise of 4.3%.
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
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