Yahoo Finance Here's Why Affiliated Managers Group (AMG) is a Strong Value Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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
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.
Affiliated Managers Group (AMG)
Headquartered in Massachusetts, Affiliated Managers Group is a global asset manager with equity investments in a large group of investment management firms or affiliates.
AMG is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 7.4X for the current fiscal year compared to the Financial - Investment Management industry's P/E of 10.2X. Additionally, AMG has a PEG Ratio of 0.5 and a Price/Cash Flow ratio of 7X. Value investors should also note AMG's Price/Sales ratio of 2.5X.
A company's earnings performance is important for value investors as well. For fiscal 2024, three analysts revised their earnings estimate higher in the last 60 days for AMG, while the Zacks Consensus Estimate has increased $0.21 to $21.63 per share. AMG also holds an average earnings surprise of 7.6%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding AMG to their portfolios.
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Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report
