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Are Investors Undervaluing Carrefour (CRRFY) Right Now?
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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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Carrefour (CRRFY - Free Report) is a stock many investors are watching right now. CRRFY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 14.12, which compares to its industry's average of 21.30. Over the past 52 weeks, CRRFY's Forward P/E has been as high as 16.37 and as low as 11.25, with a median of 14.69.
Another notable valuation metric for CRRFY is its P/B ratio of 1.20. 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. CRRFY's current P/B looks attractive when compared to its industry's average P/B of 3.33. Within the past 52 weeks, CRRFY's P/B has been as high as 1.26 and as low as 0.92, with a median of 1.16.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Carrefour is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CRRFY feels like a great value stock at the moment.
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Are Investors Undervaluing Carrefour (CRRFY) Right Now?
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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Carrefour (CRRFY - Free Report) is a stock many investors are watching right now. CRRFY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 14.12, which compares to its industry's average of 21.30. Over the past 52 weeks, CRRFY's Forward P/E has been as high as 16.37 and as low as 11.25, with a median of 14.69.
Another notable valuation metric for CRRFY is its P/B ratio of 1.20. 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. CRRFY's current P/B looks attractive when compared to its industry's average P/B of 3.33. Within the past 52 weeks, CRRFY's P/B has been as high as 1.26 and as low as 0.92, with a median of 1.16.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Carrefour is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CRRFY feels like a great value stock at the moment.