Why This 1 Value Stock Could Be a Great Addition to Your Portfolio
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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.
GE HealthCare Technologies (GEHC)
Chicago, IL-based GE HealthCare Technologies Inc. or GE HealthCare is one of the leading providers of medical technology, pharmaceutical diagnostics, and digital solutions with focus on precision care. The company was formed on Jan 3, 2023, following a spin-off by its parent company — the General Electric Company.
GEHC sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of A. Compared to the Medical - Products industry's P/E of 26.3X, shares of GE HealthCare Technologies are trading at a forward P/E of 19.1X. GEHC also has a PEG Ratio of 2.9, a Price/Cash Flow ratio of 15.5X, and a Price/Sales ratio of 1.9X.
Many value investors pay close attention to a company's earnings as well. For GEHC, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $4.29 per share for 2024. Per share GEHC boasts an average earnings surprise of 5%.
Investors should take the time to consider GEHC for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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GE HealthCare Technologies Inc. (GEHC) : Free Stock Analysis Report