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Is Covenant Logistics (CVLG) a Great Value Stock 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.
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.
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.
Covenant Logistics (CVLG - Free Report) is a stock many investors are watching right now. CVLG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 9.65, while its industry has an average P/E of 24.08. CVLG's Forward P/E has been as high as 31.02 and as low as 5.66, with a median of 12.72, all within the past year.
Finally, our model also underscores that CVLG has a P/CF ratio of 5.50. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 14.67. Within the past 12 months, CVLG's P/CF has been as high as 6.78 and as low as 1.48, with a median of 2.89.
Value investors will likely look at more than just these metrics, but the above data helps show that Covenant Logistics is likely undervalued currently. And when considering the strength of its earnings outlook, CVLG sticks out at as one of the market's strongest value stocks.
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Is Covenant Logistics (CVLG) a Great Value Stock 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.
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.
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.
Covenant Logistics (CVLG - Free Report) is a stock many investors are watching right now. CVLG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 9.65, while its industry has an average P/E of 24.08. CVLG's Forward P/E has been as high as 31.02 and as low as 5.66, with a median of 12.72, all within the past year.
Finally, our model also underscores that CVLG has a P/CF ratio of 5.50. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 14.67. Within the past 12 months, CVLG's P/CF has been as high as 6.78 and as low as 1.48, with a median of 2.89.
Value investors will likely look at more than just these metrics, but the above data helps show that Covenant Logistics is likely undervalued currently. And when considering the strength of its earnings outlook, CVLG sticks out at as one of the market's strongest value stocks.