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Alberto Abaterusso
Alberto Abaterusso
Articles (2271) 

A Trio of Low Price-Book Stocks

They could represent good value opportunities for investors

July 01, 2020 | About:

Searching for stocks whose market capitalization exceeds $2 billion and whose price-book ratio is 1.5 or less could give investors a higher likelihood of uncovering value stocks.

Thus, value investors may want to consider the following stocks, as they meet the above-listed criteria.

Black Hills

The first company to consider is Black Hills Corp. (NYSE:BKH).

Shares of the Rapid City, South Dakota-based electric and natural gas distributor traded at a price of $56.66 each at close on June 30 for a market capitalization of $3.56 billion and a price-book ratio of 1.39.

The stock has declined by 28.5% so far this year, determining a 52-week range of $48.07 to $87.12.

GuruFocus assigned a low rating of 3 out of 10 for the company’s financial strength, but a positive rating of 6 out of 10 for its profitability.

The stock has an overweight recommendation rating and an average target price of $71.43 per share on Wall Street.

The company's top fund holder is BlackRock Inc. with 13.35% of shares outstanding, followed by Vanguard Group Inc. with 11.08% and State Street Corp. with 7.80%.

Portland General Electric

The second company to consider is Portland General Electric Co. (NYSE:POR).

The Portland, Oregon-based regulated distributor of electricity closed at a price of $41.81 per share on June 30 for a market capitalization of $3.74 billion and a price-book ratio of 1.42.

The stock has fallen by 23.3% over the past year, determining a 52-week range of $37.83 to $63.08.

GuruFocus assigned a low rating of 3 out of 10 for the company’s financial strength, but a positive rating of 6 out of 10 for its profitability.

The stock has a hold recommendation rating and an average target price of $47.89 per share on Wall Street.

With 11.37% of shares outstanding, Vanguard is the company's top fund holder, followed by BlackRock with 8.07% and JPMorgan Chase with 4.29%.

Southwest Gas Holdings

The third company to consider is Southwest Gas Holdings Inc. (NYSE:SWX).

The Las Vegas-based regulated distributor of natural gas in Nevada, Arizona and California closed trading at $69.05 per share on June 30 for a market capitalization of $3.81 billion and a price-book ratio of 1.5.

The stock has declined 23.6% over the past year for a 52-week range of $45.68 to $92.94.

GuruFocus assigned a moderate rating of 4 out of 10 for the company’s financial strength and a positive rating of 6 out of 10 for its profitability.

The stock has a hold recommendation rating and an average target price of $79.60 per share on Wall Street.

The company's top fund holder is BlackRock with 13.79% of shares outstanding, followed by Vanguard with 10.55% and T Rowe Price Associates with 7.16%.

Disclosure: I have no positions in any securities mentioned in this article.

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About the author:

Alberto Abaterusso
I am a contributor at GuruFocus. I primarily write about gold, silver and precious metals mining industries. My articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. I hold a Master's Degree in Business Administration from Università degli Studi di Bari (Italy), Aldo Moro. I am based in The Netherlands.

You can follow me on Twitter at https://twitter.com/AAbaterusso

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