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Invesco (IVZ) is a Top-Ranked Value Stock: Should You Buy?
IVZInvesco(IVZ) ZACKS·2024-08-30 14:46

Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - The service also includes Zacks Style Scores, which are designed to help investors identify stocks with the highest potential to outperform the market in the short term [2] Group 2: Zacks Style Scores - Zacks Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each providing insights based on different investment strategies [2][3][4] - The Value Score focuses on identifying undervalued stocks using various financial ratios, while the Growth Score assesses a company's financial health and future growth potential [2][3] - The Momentum Score capitalizes on price trends and earnings outlook changes, helping investors identify optimal entry points for high-momentum stocks [3] Group 3: Zacks Rank and Style Scores Integration - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5] - To maximize returns, investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 that also have Style Scores of A or B, as this combination indicates a higher probability of success [6] Group 4: Company Spotlight - Invesco Ltd. - Invesco Ltd., headquartered in Atlanta, GA, is an independent investment manager with a history dating back to 1935, managing assets worth 1.72trillionasofJune30,2024[7]Currentlyrated3(Hold)ontheZacksRank,InvescohasaVGMScoreofAandaValueStyleScoreofA,supportedbyaforwardP/Eratioof10.24,makingitattractiveforvalueinvestors[7]RecentanalystrevisionshavepositivelyimpactedInvescosearningsestimatesforfiscal2024,withtheZacksConsensusEstimateincreasingby1.72 trillion as of June 30, 2024 [7] - Currently rated 3 (Hold) on the Zacks Rank, Invesco has a VGM Score of A and a Value Style Score of A, supported by a forward P/E ratio of 10.24, making it attractive for value investors [7] - Recent analyst revisions have positively impacted Invesco's earnings estimates for fiscal 2024, with the Zacks Consensus Estimate increasing by 0.01 to $1.65 per share, alongside an average earnings surprise of 1.9% [7]