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Are Investors Undervaluing Uniti Group (UNIT) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 company to watch right now is Uniti Group (UNIT - Free Report) . UNIT is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 6.62, which compares to its industry's average of 19.73. Over the past year, UNIT's Forward P/E has been as high as 12.74 and as low as 2.48, with a median of 5.86.
Investors will also notice that UNIT has a PEG ratio of 1.58. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. UNIT's PEG compares to its industry's average PEG of 3.15. Within the past year, UNIT's PEG has been as high as 1.73 and as low as 1, with a median of 1.26.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. UNIT has a P/S ratio of 2.62. This compares to its industry's average P/S of 5.25.
These are just a handful of the figures considered in Uniti 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 UNIT is an impressive value stock right now.
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Are Investors Undervaluing Uniti Group (UNIT) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 company to watch right now is Uniti Group (UNIT - Free Report) . UNIT is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 6.62, which compares to its industry's average of 19.73. Over the past year, UNIT's Forward P/E has been as high as 12.74 and as low as 2.48, with a median of 5.86.
Investors will also notice that UNIT has a PEG ratio of 1.58. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. UNIT's PEG compares to its industry's average PEG of 3.15. Within the past year, UNIT's PEG has been as high as 1.73 and as low as 1, with a median of 1.26.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. UNIT has a P/S ratio of 2.62. This compares to its industry's average P/S of 5.25.
These are just a handful of the figures considered in Uniti 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 UNIT is an impressive value stock right now.