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Are Investors Undervaluing China Cosco (CICOY) Right Now?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is China Cosco (CICOY - Free Report) . CICOY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 5.07 right now. For comparison, its industry sports an average P/E of 6.19. Over the past year, CICOY's Forward P/E has been as high as 32.82 and as low as 4.18, with a median of 13.07.
Another valuation metric that we should highlight is CICOY's P/B ratio of 0.67. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.39. Over the past year, CICOY's P/B has been as high as 0.85 and as low as 0.46, with a median of 0.67.
Investors could also keep in mind Golden Ocean Group (GOGL - Free Report) , an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Additionally, Golden Ocean Group has a P/B ratio of 0.87 while its industry's price-to-book ratio sits at 1.39. For GOGL, this valuation metric has been as high as 1.63, as low as 0.87, with a median of 1.26 over the past year.
These are just a handful of the figures considered in China Cosco and Golden Ocean Group'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 CICOY and GOGL is an impressive value stock right now.
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Are Investors Undervaluing China Cosco (CICOY) Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is China Cosco (CICOY - Free Report) . CICOY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 5.07 right now. For comparison, its industry sports an average P/E of 6.19. Over the past year, CICOY's Forward P/E has been as high as 32.82 and as low as 4.18, with a median of 13.07.
Another valuation metric that we should highlight is CICOY's P/B ratio of 0.67. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.39. Over the past year, CICOY's P/B has been as high as 0.85 and as low as 0.46, with a median of 0.67.
Investors could also keep in mind Golden Ocean Group (GOGL - Free Report) , an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Additionally, Golden Ocean Group has a P/B ratio of 0.87 while its industry's price-to-book ratio sits at 1.39. For GOGL, this valuation metric has been as high as 1.63, as low as 0.87, with a median of 1.26 over the past year.
These are just a handful of the figures considered in China Cosco and Golden Ocean Group'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 CICOY and GOGL is an impressive value stock right now.