What is the definition of a value stock?
When compared to the stock prices of companies in the same industry, a value stock typically has a lower price. This could imply that the company is undervalued, as investors aren’t as interested in such businesses. The price-to-earnings multiple, or P/E, is the most prevalent method for determining value. A low price-to-earnings ratio indicates that the company is cheap.
Benzinga Insights has developed a list of utilities-related value stocks to keep an eye on:
Puerto Rico’s Central District (NYSE:CEPU) – P/E ratio: 5.23
Power of the Algonquins (NYSE:AQN) – P/E ratio: 9.87
Partners in Suburban Propane (NYSE:SPH) – Price/Earnings Ratio: 9.01 China Recycling Energy (NASDAQ:CREG) – Price/Earnings Ratio (P/E): 5.31
Energia Pampa (NYSE:PAM) – P/E ratio: 0.18
Central Puerto recently reported earnings per share of 0.05, up from 0.01 in the previous quarter. Central Puerto does not pay a dividend, which is something to keep in mind if you’re thinking about holding on to a company like this.
Algonquin Power’s earnings per share fell from 0.21 in the previous quarter to 0.2 this quarter. The company just announced a dividend yield of 4.33 percent, up 0.35 percent from the previous quarter’s yield of 3.98 percent.
Suburban Propane Partners just posted earnings per share of 2.02, up from 0.61 in the first quarter. The company’s most recent dividend yield is 8.12 percent, up 0.23 percent from 7.89 percent the previous quarter.
China Recycling Energy’s earnings per share fell from 1.7 in the fourth quarter to -0.09 presently. China Recycling Energy does not pay a dividend, which is something to keep in mind if you’re thinking about holding on to a company like this.
Pampa Energia recently reported earnings per share of 0.58, up from 0.41 in the previous quarter. Pampa Energia does not pay a dividend, which is something to keep in mind if you’re thinking about holding on to a company like this.
Benzinga Insights chose these five value stocks based on quantitative analysis. While this thorough judgment procedure is not intended to make final choices, it can provide investors with extra insight into the sector./n
