4 Stocks With Unanimous Wall Street Support

 | Jul 06, 2023 10:17

  • While most stocks receive mixed ratings from Wall Street, a select few enjoy unanimous support
  • These stocks have recently bounced back and currently trade at a better valuation than most S&P 500 companies
  • Airline stocks, for example, have rebounded significantly and feature prominently in the 4 stocks we will discuss below
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    • We often come across different ratings given to company stocks by various investment banks and agencies. It's only natural that there are usually disagreements and varying viewpoints. For instance, a given company might receive 8 buy ratings, 2 hold ratings, and 2 sell ratings.

    However, there are also cases where there is complete unanimity, and the market agrees on the valuation of certain stocks. That's why today, I want to talk about a group of stocks that enjoy the favor and support of Wall Street. To analyze them, we'll use InvestingPro to gather relevant data and information.

    By the way, you can now purchase the subscription at a fraction of the regular price, as our sale has been extended until 07/17/2023!

    Out of the 4 stocks we'll be discussing, 2 belong to the aviation sector, which is performing well due to stable oil prices and strong demand for travel during the summer season. Despite rising inflation and signs of an economic slowdown, the post-pandemic rebound in travel spending has sustained.

    In June, airline stocks in the S&P 500 experienced a significant increase, marking the largest gain since February 2021. Furthermore, the shares of United Airlines and Delta are currently trading at a price-to-earnings ratio of 5.2 and 7, respectively, which is considerably lower than the S&P 500 multiple of 19.

    1. Targa Resources/h2

    Founded on October 27, 2005, with its headquarters in Houston, Texas, Targa Resources (NYSE:TRGP) has established itself as one of the largest natural gas supply infrastructure companies in the United States. Its primary operations are centered around the Gulf Coast. In a significant move last year, the company acquired Southcross Energy Operating for $200 million.

    As part of its shareholder benefits, the company distributes dividends on a semi-annual basis. The current dividend yield stands at a promising +2.60%.