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Wall Street Recommends These Reasonably-Priced Stocks

GuruFocus.com

Benjamin Graham, the pioneer of value investing, suggested looking for securities which have a Graham blended multiplier (price-earnings ratio multiplied by price-book ratio) of less than 22.5, as stocks that meet this criteria are likely trading at a discount to their intrinsic value.

The following stocks have a Graham blended multiplier of less than 22.5 and have been assigned positive ratings from analysts on Wall Street.


Ameris Bancorp

The first company under consideration is Ameris Bancorp (NASDAQ:ABCB).

Shares of the Moultrie, Georgia-based regional bank closed at $43.12 per unit on Thursday for a market capitalization of $3 billion.

The stock has a Graham blended multiplier of 18.56, as the price-earnings ratio is 14.97 and the price-book ratio is 1.24. The banks industry has a median of 12.06 for the price-earnings ratio and of 1.08 for the price-book ratio.

Wall Street issued a buy recommendation rating for Ameris Bancorp and has established an average target price of $47.92.

Over the past year through Dec. 26, the share price has increased 37% to above the 200- and 100-day simple moving average lines. It is still below the 50-day SMA line.

The 52-week share price range is $29.97 to $44.9. The dividend yield is 1.04% versus the industry median of 2.96% as of Dec. 26. The company is currently paying a cash quarterly dividend of 15 cents per common share. Ameris Bancorp has paid dividends for more than 20 years.

The 14-day relative strength index of 46 suggests the stock is neither overbought nor oversold.

Minerals Technologies

The second company under consideration is Minerals Technologies Inc. (NYSE:MTX).

Shares of the New York-based producer and marketer of a broad range of specialty mineral, mineral-based and synthetic mineral products closed at $57.64 each on Thursday for a market capitalization of $2.01 billion.

The stock has a Graham blended multiplier of 19.76, as the price-earnings ratio is 13.82 and the price-book ratio is 1.43. The chemicals industry has a median of 17.01 for the price-earnings ratio and of 1.37 for the price-book ratio.

Minerals Technologies' price-earnings ratio is ranked higher than 59.87% of competitors operating in the chemicals industry and its price-book ratio is ranked higher than 47.3% of competitors.

Wall Street issued an overweight recommendation rating and has set an average target price of $61.00.

Over the past year through Dec. 26, the share price has risen 14% and is above the 200-, 100- and 50-day simple moving average lines.

The 52-week range is $45.26 to $63.75. The company paid a quarterly cash dividend of 5 cents per common share on Dec. 12 this year, generating a 0.35% forward and trailing 12-month dividend yield as of Dec. 26. Minerals Technologies has paid dividends for over 25 years.

The 14-day relative strength index of 63 suggests the stock is neither overbought nor oversold.

FUJIFILM Holdings

The third company to have a look at is FUJIFILM Holdings Corporation (FUJIY).

Shares of the Japanese producer and seller of photo and electronic imaging solutions closed at $47.84 on Thursday for a market capitalization of $19.58 billion.

The stock has a Graham blended multiplier of 16.95, as the price-earnings ratio is 16.14 and the price-book ratio is 1.05. The business equipment and supplies industry has a median of 18.11 for the price-earnings ratio and a median of 1.52 for the price-book ratio.

FUJIFILM beats 54.40% of industry competitors in terms of a better price-earnings ratio. It also beats 65.37% of competitors in terms of a better price-book ratio.

Wall Street issued a buy recommendation rating for FUJIFILM and has established an average target price per share of $54.83.

Over the past year through Dec. 26, the share price has risen 23% to above the 200-, 100- and 50-day simple moving average lines.

The 52-week range is $36.53 to $51.63. The dividend yield is 1.68% versus the industry median of 1.97% as of Dec. 26. The company paid a semi-annual cash dividend of 43.4 cents per common share to its shareholders on Dec. 17 this year. FUJIFILM Holdings has paid dividends for 34 years.

The 14-day relative strength index of 51 indicates the stock is neither overbought nor oversold.

Disclosure: I have no positions in any securities mentioned.

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This article first appeared on GuruFocus.