Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Argo Group International Holdings, Ltd. .
Argo Group in Focus
ARGO may be an interesting play thanks to its forward PE of 14.6, its P/S ratio of 0.8, and its decent dividend yield of 2.5%. These factors suggest that Argo Group is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that ARGO has decent revenue metrics to back up its earnings.
But before you think that Argo Group is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 31.9% in the past 60 days, thanks to two upward revisions in the past two months compared to none lower.
This estimate strength is actually enough to push ARGO to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.
So really, Argo Group is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
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Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Argo Group International Holdings, Ltd. .
Argo Group in Focus
ARGO may be an interesting play thanks to its forward PE of 14.6, its P/S ratio of 0.8, and its decent dividend yield of 2.5%. These factors suggest that Argo Group is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that ARGO has decent revenue metrics to back up its earnings.
But before you think that Argo Group is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 31.9% in the past 60 days, thanks to two upward revisions in the past two months compared to none lower.
This estimate strength is actually enough to push ARGO to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.
So really, Argo Group is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>