Why has Verizon stock gone down?
Verizon stock fell after the telecom giant reported first quarter earnings and lowered expectations for this year.
Is VZ a good stock to buy right now?
We are bullish on VZ and rate shares as a buy with a price target for the year ahead at $57.50 representing an 11x multiple on the current consensus 2022 EPS. With the dividend yield, our price target implies a total return potential of nearly 30% which is a good reward to risk setup.
Is VZ stock a buy or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is VZ a good dividend stock?
Morningstar's analyst expects the company to deliver consistent results over time—and the stock is undervalued, too.
Does Warren Buffett own Verizon stock?
Berkshire held a stake of nearly 159 million shares of Verizon at year-end 2021, worth $8.3 billion. The stake had a cost basis of $9.4 billion, or about $59 a share.
Is Verizon a Buy 2022?
Currently, analysts expect that Verizon will report earnings of $5.45 per share in 2022 and earnings of $5.62 per share in 2023, so the stock is trading at 9 forward P/E. However, analyst estimates will likely move lower after the company said that its 2022 earnings would be close to the $5.40 level.
What is Zacks rating of VZ?
Price and Volume InformationZacks Rank52 Week High57.6152 Week Low45.55Beta0.4120 Day Moving Average19,799,194.002 more rows
What is the price target for VZ?
Stock Price TargetsHigh$71.00Median$57.00Low$49.30Average$58.01Current Price$51.29
Is Verizon a good company?
Verizon is a good company to work for. They are very focused on the customer and they are supportive of family, Verizon wants to help you balance you work n personal life.
What is the future of Verizon stock?
Stock Price Forecast The 22 analysts offering 12-month price forecasts for Verizon Communications Inc have a median target of 57.00, with a high estimate of 71.00 and a low estimate of 49.30. The median estimate represents a +12.20% increase from the last price of 50.80.
Will Verizon grow?
Verizon Communications Inc. expects revenue growth of about 4% annually in 2024 and beyond, driven by gains from its new 5G mobile phone services. Service and other revenue is expected to grow about 3% in 2022 and 2023 and 4% in 2024, Matt Ellis, chief financial officer, told investors at a conference Thursday.
Is Verizon stock undervalued?
We don't believe Verizon's 2022 outlook has much bearing on its longer-term future. Our fair value estimate remains $59, leaving the shares modestly undervalued.