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Zacks.com featured highlights include ResMed, Booz Allen Hamilton, CrediCorp and American Express

For Immediate Release

Chicago, IL – June 11, 2024 – Stocks in this week’s article are ResMed RMD, Booz Allen Hamilton BAH, CrediCorp BAP and American Express AXP

4 GARP Stocks to Scoop Up for Maximum Returns

Growth at a reasonable price, or GARP, is an excellent strategy to earn quick investment profits. The GARP approach helps identify stocks priced below the market or any suitable target determined by a fundamental analysis.

The strategy helps investors gain exposure to stocks with impressive prospects and trading at a discount. GARP stocks have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and other metrics.

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A portfolio based on the GARP strategy comprises stocks that offer the best value and growth investment. ResMed, Booz Allen Hamilton, CrediCorp and American Express are some GARP stocks that hold promise.

GARP Metrics - Mix of Growth & Value Metrics

The GARP strategy offers ideal investment options utilizing the best value and growth investing features. Investors adopting the GARP approach prefer stocks priced below the market or any reasonable target determined by fundamental analysis. The stocks have solid prospects based on cash flow, revenues, EPS, etc.

Growth Metrics

A strong earnings growth history and impressive earnings prospects are the primary concepts that GARP investors borrow from the growth investing strategy. However, instead of super-normal rates, pursuing stocks with a more stable and reasonable growth rate is a tactic of GARP investors. The GARP strategy considers growth rates between 10% and 20% ideal.

Another metric considered by growth and GARP investors is the return on equity (ROE). GARP investors look for strong and higher ROE than the industry average to identify superior stocks. Moreover, stocks with a positive cash flow find precedence under the GARP plan.

Value Metrics

GARP investing prioritizes one of the popular value metrics — the price-to-earnings (P/E) ratio. The investing style picks stocks with higher P/E ratios than value investors but it avoids companies with extremely high P/E ratios. The price-to-book value (P/B) ratio is also taken into consideration.

Using the GARP principle, we have run a screen to identify stocks that should offer solid returns in the near term.

Here are four stocks that made it through the screen:

ResMed is a designer, manufacturer and distributor in the worldwide market for generators, masks and related accessories for the treatment of sleep-disordered breathing and other respiratory disorders. The company currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.

ResMed has gained 23.2% on a year-to-date basis. It has a trailing four-quarter earnings surprise of 2.8% on average. The Zacks Consensus Estimate for RMD’s fiscal 2024 earnings has moved 0.8% north to $7.70 per share over the past 30 days.

Booz Allen Hamilton is a provider of management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber expertise to the United States and international governments, corporations, and not-for-profit organizations. The company currently carries a Zacks Rank #2.

Booz Allen Hamilton has gained 19% year to date. It has a trailing four-quarter earnings surprise of 12.5%, on average. The Zacks Consensus Estimate for fiscal 2025 earnings has moved 3.1% north to $6.05 per share over the past 30 days.

CrediCorp is a limited liability company that acts as a holding company, coordinates the policy and administration of its subsidiaries, and engages in investing activities. BAP currently carries a Zacks Rank #2.

CrediCorp has gained 29.7% year to date. It delivered a trailing four-quarter earnings surprise of 0.99%, on average. The Zacks Consensus Estimate for BAP’s 2024 earnings has moved 0.3% north to $18.64 per share over the past 30 days.

American Express is a diversified financial services company offering charge and credit payment card products, and travel-related services worldwide. The company currently carries a Zacks Rank #2.

American Express has gained 25% year to date. It delivered a trailing four-quarter earnings surprise of 6.4%, on average. The Zacks Consensus Estimate for AXP’s 2024 earnings has been stable at $13.01 per share in the past 30 days.

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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2286096/4-garp-stocks-to-scoop-up-for-maximum-returns

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Contact: Jim Giaquinto

Company: Zacks.com

Phone: 312-265-9268

Email: pr@zacks.com

Visit: https://www.zacks.com/

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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American Express Company (AXP) : Free Stock Analysis Report

ResMed Inc. (RMD) : Free Stock Analysis Report

Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report

Credicorp Ltd. (BAP) : Free Stock Analysis Report

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