Why Avangrid (AGR) is a Top Value Stock for the Long-Term

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through various research services [1] Zacks Style Scores - Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum, helping investors identify securities likely to outperform the market in the short term [2] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [2] Value Score - The Value Score identifies attractive stocks using financial ratios such as P/E, PEG, and Price/Sales, appealing to value investors seeking undervalued opportunities [2] Growth Score - The Growth Score focuses on a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow to find stocks with sustainable growth [3] Momentum Score - The Momentum Score leverages price trends and earnings estimate changes to identify favorable times for investing in high-momentum stocks [3] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investing strategies [4] Zacks Rank - The Zacks Rank is a proprietary model based on earnings estimate revisions, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - There are over 800 top-rated stocks available, making it essential for investors to select those with high Zacks Ranks and favorable Style Scores [6] Stock to Watch: Avangrid (AGR) - Avangrid, formed from the merger of Iberdrola U.S.A and UIL Holdings, operates in 24 U.S. states and is a leading solar and wind generator with $45 billion in assets [8] - AGR holds a 3 (Hold) Zacks Rank and a VGM Score of B, with a Value Style Score of B due to a forward P/E ratio of 15.98 [8] - Recent earnings estimates for fiscal 2024 have been revised upward, with the Zacks Consensus Estimate increasing to $2.24 per share and an average earnings surprise of 18.2% [8][9]