There are some good deals on the markets today, and below are three stocks that, if I had the room, I would consider adding to my portfolio today.
Bank of Montreal (TSX: BMO)(NYSE: BMO) is a stock that hasn’t gotten a lot of love this year, with its year-to-date returns being very minimal thus far. With bank stocks falling in recent months, it’s a very attractive time to load up on them, and BMO is a great option to add.
The stock is currently trading at less than 10 times its earnings and around 1.3 times its book value. Those are terrific multiples that should attract many value-oriented investors. The stock is also not far from its 52-week low, further highlighting just how far the share price has fallen recently.
The bank is coming off an earnings result that again showed profit growth, but it was not enough to meet analyst expectations. However, the good news is that the bank stock is a safe bet to recover and buying in at such a low price will help investors lock in a terrific 4.5% yield from the stock.
Regardless of how it did in one quarter, BMO’s stock is going to be a great one to hold for the long term.
Seven Generations Energy (TSX:VII) is another bargain buy for investors willing to take on a chance on a growing oil and gas stock. Down more than 30% since the start of the year, things have started to stabilize recently for Seven Generations, with the stock climbing this past month.
However, even with its recent rally, the stock is still a very cheap option for investors. Trading at half its book value and less than four times its earnings, investors can own the stock at a pretty good discount. Seven Generations has shown great growth over the years, and what makes the stock an attractive one in the industry is that it makes social responsibility a key priority for its business, which is more important than ever before, especially in the oil and gas industry.
This is a stock that I could easily see doubling if conditions in the industry improve.
Rogers Sugar (TSX: RSI) is another stock that hasn’t been doing too well of late that could be a good one to scoop up while it’s low. Down around 8% in the past three months, this is not a stock I’d expect to see fall much further than where it is now. Typically, it operates within a narrow range, and with it being at the lower end of that today, it could be an ideal time to buy.
At around 14 times its earnings and 1.6 times its book value, Rogers Sugar is the most expensive stock on this list, and yet, it’s still a good value buy. The company’s financials remain strong and consistent, and that makes it a great option, particularly for those investors looking to take advantage of its high dividend. Rogers Sugar can give investors a good yield while also adding some diversification as well.
