Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
Pilgrim's Pride (PPC) is a stock many investors are watching right now. PPC is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock holds a P/E ratio of 10.87, while its industry has an average P/E of 13.27. Over the past 52 weeks, PPC's Forward P/E has been as high as 12.05 and as low as 8.43, with a median of 10.01.
Finally, our model also underscores that PPC has a P/CF ratio of 8.73. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 10.58. Over the past year, PPC's P/CF has been as high as 10.94 and as low as 6.95, with a median of 8.55.
These are just a handful of the figures considered in Pilgrim's Pride's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that PPC is an impressive value stock right now.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
%20Stock%20Undervalued%20Right%20Now%3F%20%7C%20Nasdaq&_biz_n=0&rnd=74191&cdn_o=a&_biz_z=1742006985597)
%20Stock%20Undervalued%20Right%20Now%3F%20%7C%20Nasdaq&rnd=365718&cdn_o=a&_biz_z=1742006985601)