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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.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company value investors might notice is Danaos (DAC - Free Report) . DAC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 4.58, while its industry has an average P/E of 6.20. Over the last 12 months, DAC's Forward P/E has been as high as 5.30 and as low as 0.57, with a median of 2.35.
Finally, our model also underscores that DAC has a P/CF ratio of 2.68. 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 company's current P/CF looks solid when compared to its industry's average P/CF of 6.23. Within the past 12 months, DAC's P/CF has been as high as 4.06 and as low as 0.32, with a median of 1.86.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Danaos is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, DAC feels like a great value stock at the moment.
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Should Value Investors Buy Danaos (DAC) Stock?
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.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company value investors might notice is Danaos (DAC - Free Report) . DAC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 4.58, while its industry has an average P/E of 6.20. Over the last 12 months, DAC's Forward P/E has been as high as 5.30 and as low as 0.57, with a median of 2.35.
Finally, our model also underscores that DAC has a P/CF ratio of 2.68. 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 company's current P/CF looks solid when compared to its industry's average P/CF of 6.23. Within the past 12 months, DAC's P/CF has been as high as 4.06 and as low as 0.32, with a median of 1.86.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Danaos is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, DAC feels like a great value stock at the moment.