Are You a Value 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.
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.
BCE (BCE)
BCE Inc. is Canada’s largest communications service provider and serves as the holding company for Bell Canada. The company provides local and long-distance phone service to approximately 70% of the Canadian population, primarily in Ontario and Quebec.
BCE is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 18.9X for the current fiscal year compared to the Diversified Communication Services industry's P/E of 18.4X. Additionally, BCE has a PEG Ratio of 4.3 and a Price/Cash Flow ratio of 7.4X. Value investors should also note BCE's Price/Sales ratio of 2.4X.
A company's earnings performance is important for value investors as well. For fiscal 2022, four analysts revised their earnings estimate higher in the last 60 days for BCE, while the Zacks Consensus Estimate has increased $0.00 to $2.63 per share. BCE also holds an average earnings surprise of 5.7%.
BCE should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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BCE, Inc. (BCE) : Free Stock Analysis Report
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