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Why Matson (MATX) is Such a Great Value Stock Pick Right Now
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Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Matson, Inc. (MATX - Free Report) .
Matson in Focus
MATX may be an interesting play thanks to its forward PE of 15.6, its P/S ratio of 0.7, and its decent dividend yield of 2.3%. These factors suggest that Matson is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that MATX has decent revenue metrics to back up its earnings.
But before you think that Matson is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 5.9% in the past 60 days, thanks to four upward revisions in the past two months compared to none lower.
So really, Matson is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Why Matson (MATX) is Such a Great Value Stock Pick Right Now
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Matson, Inc. (MATX - Free Report) .
Matson in Focus
MATX may be an interesting play thanks to its forward PE of 15.6, its P/S ratio of 0.7, and its decent dividend yield of 2.3%. These factors suggest that Matson is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that MATX has decent revenue metrics to back up its earnings.
Matson, Inc. PE Ratio (TTM)
Matson, Inc. PE Ratio (TTM) | Matson, Inc. Quote
But before you think that Matson is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 5.9% in the past 60 days, thanks to four upward revisions in the past two months compared to none lower.
This estimate strength is actually enough to push MATX to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.
So really, Matson is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>