This week we're tipping a US large cap stock which still looks undervalued, despite a solid run on the shares on Wall Street in the last few months. The PE ratio is standing at just over 12x, which makes it cheap in our book.
The stock has seen its EPS grow at an average of 5.6% per year over the last three years. The shares themselves have gained almost 20% in the last six months and seem to have largely shrugged off much of the volatility we have seen in US stocks.
Over one year investors have seen a solid return of almost 50%. We have a dividend yield of 2.17% and a market cap approaching $7bn, plus a 94/100 ranking on Bridgewise.
These shares may not double your money over 12 months but they look like a pretty good bet to provide solid ongoing returns and a dividend to boot.
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