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Should Value Investors Buy Cathay Pacific Airways (CPCAY) Stock?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Cathay Pacific Airways (CPCAY - Free Report) . CPCAY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 8.04. This compares to its industry's average Forward P/E of 12.02. CPCAY's Forward P/E has been as high as 9.84 and as low as 5.56, with a median of 7.89, all within the past year.
Another notable valuation metric for CPCAY is its P/B ratio of 1.34. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.75. Within the past 52 weeks, CPCAY's P/B has been as high as 1.51 and as low as 0.82, with a median of 1.26.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Cathay Pacific Airways is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CPCAY feels like a great value stock at the moment.
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Should Value Investors Buy Cathay Pacific Airways (CPCAY) Stock?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Cathay Pacific Airways (CPCAY - Free Report) . CPCAY is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 8.04. This compares to its industry's average Forward P/E of 12.02. CPCAY's Forward P/E has been as high as 9.84 and as low as 5.56, with a median of 7.89, all within the past year.
Another notable valuation metric for CPCAY is its P/B ratio of 1.34. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.75. Within the past 52 weeks, CPCAY's P/B has been as high as 1.51 and as low as 0.82, with a median of 1.26.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Cathay Pacific Airways is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CPCAY feels like a great value stock at the moment.