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Is Genco Shipping & Trading (GNK) a Great Value Stock Right Now?
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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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 Genco Shipping & Trading (GNK - Free Report) . GNK is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Another notable valuation metric for GNK is its P/B ratio of 0.42. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 0.44. Within the past 52 weeks, GNK's P/B has been as high as 0.46 and as low as 0.19, with a median of 0.34.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. GNK has a P/S ratio of 0.92. This compares to its industry's average P/S of 0.98.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Genco Shipping & Trading is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, GNK feels like a great value stock at the moment.
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Is Genco Shipping & Trading (GNK) a Great Value Stock Right Now?
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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 Genco Shipping & Trading (GNK - Free Report) . GNK is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Another notable valuation metric for GNK is its P/B ratio of 0.42. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 0.44. Within the past 52 weeks, GNK's P/B has been as high as 0.46 and as low as 0.19, with a median of 0.34.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. GNK has a P/S ratio of 0.92. This compares to its industry's average P/S of 0.98.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Genco Shipping & Trading is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, GNK feels like a great value stock at the moment.