4 Value Stocks I’d Consider Today

Ambrose O'Callaghan
·4 min read
Target. Stand out from the crowd

The S&P/TSX Composite Index was up over 200 points in early afternoon trading on May 14. North American stocks have been hit with major turbulence this week. Today, I want to look at four value stocks that are worth snatching up in the middle of May. Let’s jump in.

Here’s a reliable railway equity to buy on the dip

Canadian National Railway (TSX:CNR)(NYSE:CNI) is a Montreal-based company engaged in the rail and related transportation business. Its shares have dropped 7% in 2021 as of early afternoon trading on May 14. This value stock has climbed 18% from the prior year. Earlier this month, I’d discussed why it was worth targeting.

The company released its first-quarter 2021 results on April 26. Operating income rose 9% from the prior year to $1.32 billion. Meanwhile, revenues were in line with the previous year at $3.53 billion.

Shares of CNR last had a price-to-earnings (P/E) ratio of 26. The stock last had an RSI of 31, putting it just outside technically oversold territory. It offers a quarterly dividend of $0.615 per share, representing a modest 1.9% yield.

This value stock offers exposure to the booming green energy space

In March, I’d looked at some of the top green energy stocks to target this year. Brookfield Renewable Energy (TSX:BEP.UN)(NYSE:BEP) owns a portfolio of renewable power-generation facilities around the world. Its shares have dropped 22% in 2021. However, the stock is still up 24% from the prior year.

Brookfield unveiled its first batch of 2021 results on May 4. Funds from operations (FFO) came in at $242 million or $0.38 per share — up from $217 million, or $0.37 per share, in the previous year.

This qualifies as a value stock with an RSI of 32. It fell to oversold levels in the beginning of May and has struggled to regain momentum. Moreover, Brookfield offers a quarterly dividend of $0.304 per share. That represents a 3.4% yield.

A bank stock that still holds nice potential

Canadian Western Bank (TSX:CWB) is an Edmonton-based regional bank. Its shares have climbed 24% in 2021. Canadian Western Bank is up 80% from the prior year. It still qualifies as a value stock at this stage.

In Q1 2021, the bank reported revenue growth of 11% to $245 million. Meanwhile, adjusted earnings per share increased 12% to $0.93. It delivered loan growth of 6% to $30.6 billion and branch-raised deposits increased 20% to $17.6 billion.

Shares of this bank stock last had a favourable P/E ratio of 12. Canadian Western Bank offers a quarterly dividend of $0.29 per share, representing a 3.2% yield.

One more value stock to snatch up today

Eldorado Gold (TSX:ELD)(NYSE:EGO) is the last value stock I want to zero-in on today. Shares of this gold stock have dropped 26% in 2021 at the time of this writing. The stock is still up 7.4% year over year.

The Vancouver-based gold miner released its first-quarter 2021 results on April 29. It Q1 2021 production was in line with its initial guidance. Revenue came in at $224 million — up from $204 million in Q1 2020. Rising inflation in the United States could be bullish for the yellow metal going forward.

This gold stock possesses a favourable P/E ratio of 16. Investors should consider scooping it up as we reach the halfway point in May.

The post 4 Value Stocks I’d Consider Today appeared first on The Motley Fool Canada.

Speaking of stocks to snatch up right now...

Motley Fool Canada Makes 5G Buy Alert

5G is one of the greatest arrivals in technology since the birth of the internet. We could see plenty of new wealth-building opportunities in 2021 that would potentially dwarf any that came before them.

5G has the potential to radically change our lives and society as we know it, but if you’re an investor, the implications are even greater — and potentially much more lucrative.

To learn more about it and its revolutionary potential to change the industry — and potentially your bank account — click on the link below to get the full scoop.

Learn More Today!

More reading

Fool contributor Ambrose O'Callaghan has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Canadian National Railway. The Motley Fool recommends Canadian National Railway.

5 Years From Now, You’ll Probably Wish You’d Grabbed These Stocks…Click here now for your free subscription to Take Stock, The Motley Fool Canada’s free investing newsletter. You aren’t on the list to receive our newest stock picks — but it’s not too late. 2021

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • BoC officials split on when to start cutting interest rates, summary shows

    OTTAWA — Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month. The central bank released its summary of deliberations detailing the governing council's discussions ahead of its decision to hold interest rates steady on April 10. Some members felt the central bank should take its time before lowering rates, the summary said, given the Canadian economy's strong performance as w

  • Bank of Canada says any rate cuts would probably be gradual

    The Bank of Canada's (BoC) governing council agreed this month that interest rates would most likely only come down gradually, given the risks to the inflation outlook, minutes of the meeting published on Wednesday showed. The central bank kept its key interest rate unchanged at a near 23-year high of 5% on April 10 and minutes of the discussions before the announcement showed the six-member council was split on the timing of a possible cut. "While there was a diversity of views about when conditions would likely warrant cutting the policy rate, they agreed that monetary policy easing would probably be gradual, given risks to the outlook and the slow path for returning inflation to target," said the minutes.

  • Former SAS man who helped ambush IRA terrorists has jail sentence quashed

    A former SAS serviceman who took part in a deadly ambush of IRA terrorists has had his jail sentence quashed.

  • Gov. Gavin Newsom wants to let Arizona doctors provide abortions in California

    Arizona doctors can give their patients abortions in California under a proposal announced Wednesday by Gov. Gavin Newsom to circumvent a ban on nearly all abortions in that state. It would apply only to doctors licensed in good standing in Arizona and their patients, and last only through the end of November. Arizona's 1864 law banning nearly all abortions except if the mother's life is in jeopardy takes effect June 8.

  • Recent College Grad, 23, Dead After Falling 50 Feet from California Cliff: 'Rest Easy'

    "You could not have made the world any better of a place with the time you had on Earth," a loved one wrote of Jacob Parker

  • Chinese swimming row rumbles on as Ukad joins clamour for investigation

    UK Anti-Doping has called for an independent review into events that led to 23 Chinese swimmers competing at the Tokyo Olympics despite recording positive drug tests

  • What is happening with Flamingo Land at Loch Lomond?

    A West Dunbartonshire Council meeting will discuss plans for the controversial resort.

  • Ukraine thanks US on long-awaited aid package, says it will make up for lost time

    President Volodymyr Zelenskiy said Ukraine would do its best to make up for half a year lost to U.S. congressional debate as he thanked President Joe Biden and Americans for approving a major U.S. aid package for Kyiv on Wednesday. The Ukrainian leader expressed gratitude in his nightly video address after Biden signed into law the $61 billion aid package for Kyiv, concluding a political deadlock in Congress that lasted six months. Ukraine has been suffering from acute shortages of artillery shells for months with more-numerous, better-equipped Russian forces slowly advancing in the east.

  • South Carolina sheriff: Stop calling about that 'noise in the air.' It's cicadas.

    South Carolina sees annual cicadas, and this year, will see the 13-year Brood XIX in multiple counties in the state. Beware: they are loud.

  • PBS Retro is a new FAST channel playing just the classics

    PBS just launched a new FAST channel called PBS Retro. It’s available on Roku and shows stuff like Reading Rainbow and Mister Rogers’ Neighborhood.

  • Getting a good night’s rest is vital for neurodiverse children – pediatric sleep experts explain why

    Sleep habits can be improved by making shifts in both daytime and evening routines.

  • Jeffery Self & Gabrielle Ryan Spring For ‘Drop’, Christopher Landon’s Blumhouse Platinum Dunes Universal Thriller

    EXCLUSIVE: Jeffery Self (Search Party, The Horror of Dolores Roach) and Gabrielle Ryan (Power Book IV: Force, Bonding) have boarded Christopher Landon’s upcoming fast-paced thriller, Drop, from Blumhouse, Platinum Dunes and Universal Pictures. The duo join the previously announced cast including Meghann Fahy and Brandon Sklenar. Drop is written by Jillian Jacobs & Chris Roach. Michael Bay, Jason Blum, …

  • IATSE & OSHA Launch Investigations Into Accident On Amazon MGM’s ‘The Pickup’ Set

    Multiple investigations are taking place into the accident on the Atlanta set of Amazon MGM Studios‘ heist pic The Pickup over the weekend, which left several crew members injured. Both the Occupational Safety and Health Administration and the International Alliance of Theatrical Stage Employees are currently looking into the incident, Deadline has confirmed. “IATSE is aware of an accident that …

  • Veteran DEA agent sentenced to 4 years for leaking intelligence in Miami bribery conspiracy

    A federal judge Wednesday sentenced a longtime U.S. Drug Enforcement Administration agent to four years in prison for leaking DEA intelligence to defense lawyers in a $100,000 bribery scheme that prosecutors said jeopardized drug cases and the lives of confidential informants. John Costanzo Jr. was found guilty last year of bribery and honest-services wire fraud, joining a growing list of DEA agents convicted of federal crimes. Another former DEA supervisor, Manny Recio, is scheduled to be sentenced next month in the same case.

  • Caterpillar, Deere inventories in focus as machinery demand plateaus

    Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in what is expected to be a lukewarm year for the sector. Coming off of a strong 2023 where supply chain concerns and soaring demand prompted dealers to bulk up on tractors, combines and construction equipment, U.S. machinery makers are now seeing a moderation in product stocking at dealers, forcing them to tighten their inventories. "I do think inventories are going to be the most important data point ... whether it's construction equipment, mining, or agricultural, just at what level are those inventories at the retail channel?" said Oppenheimer analyst Kristen Owen.

  • For Uniform Homemade Ravioli, Grab An Ice Cube Tray

    Homemade ravioli can tend to be uninspiring as one piece will be enormous while the next one is miniscule. This hack will bring uniformity to your pasta.

  • The New Lamborghini Urus Is the Marque’s Most Powerful SUV Ever

    The new model will replace the Urus S and Performante next month.

  • Sal’s Mexican is a legacy in Fresno, Selma. A teen tired of picking peaches founded it

    The Mexican restaurants have roots that go seven decades deep and are connected to the Bobby Salazar’s line of taquerias.

  • Homelessness is a complex issue in Wetaskiwin says the Ministry of Seniors

    The Alberta Government remains committed to a solution to the homelessness issue in Wetaskiwin. While there has been dissatisfaction in the community over the emergency shelter, Ministry of Seniors, Community and Social Services said that homelessness is a complex issue. Alexandru Cioban, a ministry spokesperson told Pipestone Flyer that the government will continue working hard to support those impacted or are at risk of homelessness. “We will continue to collaborate and work closely with Hope

  • World Snooker Championship 2024: Results, schedule and latest scores

    Seven seeds and counting have been dumped out in the first-round of this year’s Championship at The Crucible