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Is Broadridge a good stock to invest in right now?

Is Broadridge a good stock to invest in right now?
Asked by
Craig Nicholas categorie-icon time-icon3 months ago
1 Answer Answer Question

Ilija Rankovic
Answered time-icon3 months ago

Whether a stock is worth investing in can only be decided by the portfolio manager themselves. However, we can take a look at some numbers and check how the stock is doing. Broadridge Financial Solutions has performed extremely well in 2019 and shares have the potential to continue doing great price-wise. There have been quite a few factors that resulted in the performance that the stock has had.

First off, the stock has had an impressive run. Shares of Broadridge stock gained 36.3% on a year-to-year basis. This result outperformed the industry’s gain of 28%.

Analysts also value the stock greatly and forecast good results. Broadridge currently sports a Zacks Rank #2 (Buy) as well as a VGM Score of B. As analysts’ valuation for the stock grew, so did their forecasts. The Zacks Consensus Estimate for fiscal 2019 earnings has increased 0.6% over the past 60 days. Analysts expect Broadridge’s long-term EPS growth rate to be 10%.

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