Morningstar has a “buy” rating and a $7.30 fair value estimate for BBVA stock, which closed at $5.91 on March 16.Įricsson is a leading supplier of network infrastructure and services to the telecommunication industry. Citibanamex, which is Citibank’s operation in Mexico, is also up for sale, and BBVA hasn’t ruled out an acquisition deal. Scholtz says BBVA has more profitability potential than peers, thanks to exposure to attractive banking markets. Scholtz says investors were concerned about additional exposure to Turkey, but Garanti’s 28% fiscal 2021 profit growth demonstrates the high quality of its business. BBVA shares took a hit in November 2021 when it announced plans to purchase the remaining interest in its 50%-owned Turkish subsidiary Garanti BBVA. Morningstar has a “buy” rating and a $3.70 price target for LYG stock, which closed at $2.53 on March 16.īBVA is the third-largest bank in Spain and has international operations in Mexico and Latin America. In response to mortgage market pressures, Kammer says Lloyds has now moved its focus to financial planning, credit card loans, and small and medium-size business loans. in a fiercely competitive environment, and mortgage loans represent about two-thirds of the company’s customer lending. Unfortunately, mortgage pricing is under pressure in the U.K. Lloyds underwent a major restructuring in 2011, and analyst Niklas Kammer says the new company is now a low-risk play on British retail and commercial banking. Lloyds Banking Group is a diversified bank and insurance provider based in the U.K. Morningstar has a “buy” rating and a $4.50 fair value estimate for SAN stock, which closed at $3.43 on March 16.
He says Santander’s earnings have been stable compared to peers, however, thanks in part to its relatively low exposure to investment banking and home loans. Scholtz says concerns over Santander’s capitalization are the primary reason why it has lagged behind its European banking peers. Analyst Johann Scholtz says Santander reported fiscal 2021 earnings that were 23% higher than its 2019 earnings, yet the stock is still trading for much less than its 2019 levels. Here are eight stocks for less than $10 per share that have room to run, according to Morningstar.īanco Santander is a large Spanish bank with a sizable international presence. Fortunately, the Morningstar analyst team has identified eight cheap, high-quality stocks that could be excellent buying opportunities for frugal investors. Many of these companies have challenged business models or difficult near-term outlooks. Stocks priced in that range can be red flags for investors that something is seriously wrong. Quality stocks trading for less than $10 are few and far between.
The S&P 500 is off to a shaky start to 2022, but the stock market pullback has created some potential buying opportunities for long-term investors. Business & Finance Click to expand menu.Īt less than $10 per share, these stocks won’t break the bank.
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