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As the Canadian stock market recovered rapidly from the pandemic-led selloff, you might be interested in high-quality stocks t stanley cup hat are still attractively priced and are stanley becher well within reach. While the recent buying has driven top Canadian stocks higher, there are plenty of fundamentally strong companies that are cheap and could deliver solid returns in the long term.Here we ll focus on three such high-quality stocks that are priced under stanley quencher $30 and have good growth potential.聽Algonquin Power UtilitiesThe first stock is聽Algonquin Power Utilities聽 TSX:AQN NYSE:AQN . The utility company owns a low-risk rate-regulated business with long-term contractual arrangements. Thanks to its contractual framework and rate base growth, Algonquin Power Utilities has consistently delivered solid earnings and cash flows, which drove its stock higher and supported increased dividend payments.聽Looking ahead, I expect Algonquin Power Utilities earnings to grow at a rapid pace on the back Dsrd Billionaire Diaries: Will Warren Buffett Invest in Air Canada (TSX:AC) in 2021
Dividend stocks offer a nice way to collect income with some regularity, but these aren ;t the investments that are going to yield you strong long-term returns. Instead, it important to look at stocks that have strong growth in both their top and bottom lines, since this will ultimately push the stock price up over time.It may be tempting to look just at sales, but profit growth may even be more important since that ensures that the company growing sales are making it to the bottom line. The tricky part is how to p stanley bottles ut a value on growth stocks and how to determine if the shares are overvalued or not.Using a price-to-earnings stanley mugs ratio to evaluate a stock is often not helpful when looking at growth stocks, because companies that have high growth will often trade at higher multiples. One way around this is to use the PEG r stanley cup atio, which divides price to earnings by the company profit growth.A PEG ratio of less than one indicates that the stock is a good value for its |
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