3 Proposals for Growth-Focused Investors

Expansion-concentrated investors may perhaps want to contemplate the pursuing stocks because their price tag-earnings ratios are less than 20 and their earnings for each share have developed considerably around the earlier yr.

Community Company Enterprise Team

The initially business that qualifies is Community Company Enterprise Team Inc. (NYSE:PEG), a New Jersey-centered energy and fuel utilities company for the Northeastern and Mid-Atlantic areas of the United States.

The firm’s trailing twelve-thirty day period net earnings amplified by approximately 20% to $three.42 for each share as of the 2nd quarte, up from $two.88 for each share in the prior-yr quarter.

The price tag-earnings ratio is 15.25 (compared to the industry median of 16.73) as of Aug. 28.

As a end result of a thirteen.74% drop around the earlier yr, the inventory traded at $fifty two.16 for each share at close on Friday for a current market capitalization of $26.38 billion and a fifty two-week assortment of $34.seventy five to $63.88.

Community Company Enterprise Team pays a quarterly dividend of forty nine cents for each share, with the following payment scheduled for Sept. thirty.

GuruFocus rated the financial power of the business with a score of 4 out of 10 and the profitability with a score of seven out of 10.

Wall Road offer-side analysts advise an obese rating for this inventory and have founded an common goal price tag of $60.eighty one for each share.

Evergy

The 2nd business that meets the criteria is Evergy Inc. (NYSE:EVRG), a Kansas Town, Missouri-centered generator and distributor of energy in Kansas and Missouri.

The firm’s trailing twelve-thirty day period net earnings rose by a lot more than 15% to $two.74 for each share as of the 2nd quarter of 2020, up from $two.35 for each share as of the similar quarter of 2019.

The price tag-earnings ratio is 19.two (compared to the industry median of 16.73) as of Aug. 28.

Just after an 18.5% lessen around the earlier yr, the inventory was investing at $fifty two.ninety eight for each share at close on Friday for a current market capitalization of $twelve.02 billion and a fifty two-week assortment of $42.01 to $76.fifty seven.

Evergy pays a quarterly dividend of fifty.5 cents for each share, with the following payment scheduled for Sept. 21.

GuruFocus assigned a score of three out of 10 to the firm’s financial power and a score of seven out of 10 to its profitability.

Wall Road offer-side analysts issued an obese rating for this inventory and have founded an common goal price tag of $59.83 for each share.

Summit Elements

The 3rd business that will make the reduce is Summit Elements Inc. (NYSE:SUM), a Denver-centered producer and vendor of setting up elements and relevant products and solutions that are made use of for setting up general public infrastructures as properly as household and non-household structures.

The firm’s trailing twelve-thirty day period net earnings of 89 cents for each share as of the 2nd quarter was a lot more than 5 instances larger than the net earnings of 17 cents for each share.

The price tag-earnings ratio is 17.4 (compared to the industry median of 14.63) as of Aug. 28.

Following a 26.15% lessen around the earlier yr, the inventory traded at $15.forty nine for each share at close on Friday for a current market capitalization of $1.seventy seven billion and a fifty two-week assortment of $seven.51 to $25.22.

Summit Elements does not pay dividends.

GuruFocus assigned a score of 4 out of 10 for the firm’s financial power and a score of 5 out of 10 for its profitability.

Wall Road offer-side analysts issued an obese advice rating for this inventory and have founded an common goal price tag of $21.78 for each share.

Disclosure: I have no positions in any securities talked about in this report.

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About the author:

Alberto Abaterusso

I am a contributor at GuruFocus. I largely generate about gold, silver and treasured metals mining industries. My article content have also been broadly linked by well-known web sites, such as MarketWatch, Money Instances, 24hGold, Investopedia, Money.org, CNBS, MSN Income, Zachs, Reuters and some others. I hold a Master’s Diploma in Business Administration from Università degli Studi di Bari (Italy), Aldo Moro. I am centered in The Netherlands.

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

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