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Should Value Investors Buy Wabash National (WNC) Stock?
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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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
Wabash National (WNC - Free Report) is a stock many investors are watching right now. WNC is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.
We should also highlight that WNC has a P/B ratio of 2.66. 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. WNC's current P/B looks attractive when compared to its industry's average P/B of 2.68. Over the past year, WNC's P/B has been as high as 3.61 and as low as 1.84, with a median of 2.68.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by 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. WNC has a P/S ratio of 0.44. This compares to its industry's average P/S of 0.79.
These are just a handful of the figures considered in Wabash National'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 WNC is an impressive value stock right now.
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Should Value Investors Buy Wabash National (WNC) Stock?
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 a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
Wabash National (WNC - Free Report) is a stock many investors are watching right now. WNC is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.
We should also highlight that WNC has a P/B ratio of 2.66. 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. WNC's current P/B looks attractive when compared to its industry's average P/B of 2.68. Over the past year, WNC's P/B has been as high as 3.61 and as low as 1.84, with a median of 2.68.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by 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. WNC has a P/S ratio of 0.44. This compares to its industry's average P/S of 0.79.
These are just a handful of the figures considered in Wabash National'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 WNC is an impressive value stock right now.