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Are Investors Undervaluing Danaos (DAC) Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 stock to keep an eye on is Danaos (DAC - Free Report) . DAC is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 2.33, which compares to its industry's average of 4.81. DAC's Forward P/E has been as high as 3.15 and as low as 1.88, with a median of 2.20, all within the past year.
Another valuation metric that we should highlight is DAC's P/B ratio of 0.51. 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. This company's current P/B looks solid when compared to its industry's average P/B of 0.98. Within the past 52 weeks, DAC's P/B has been as high as 0.68 and as low as 0.41, with a median of 0.47.
If you're looking for another solid Transportation - Shipping value stock, take a look at Tsakos Energy Navigation (TNP - Free Report) . TNP is a # 2 (Buy) stock with a Value score of A.
Furthermore, Tsakos Energy Navigation holds a P/B ratio of 0.33 and its industry's price-to-book ratio is 0.98. TNP's P/B has been as high as 0.48, as low as 0.12, with a median of 0.34 over the past 12 months.
These are just a handful of the figures considered in Danaos and Tsakos Energy Navigation'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 DAC and TNP is an impressive value stock right now.
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Are Investors Undervaluing Danaos (DAC) Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 stock to keep an eye on is Danaos (DAC - Free Report) . DAC is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 2.33, which compares to its industry's average of 4.81. DAC's Forward P/E has been as high as 3.15 and as low as 1.88, with a median of 2.20, all within the past year.
Another valuation metric that we should highlight is DAC's P/B ratio of 0.51. 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. This company's current P/B looks solid when compared to its industry's average P/B of 0.98. Within the past 52 weeks, DAC's P/B has been as high as 0.68 and as low as 0.41, with a median of 0.47.
If you're looking for another solid Transportation - Shipping value stock, take a look at Tsakos Energy Navigation (TNP - Free Report) . TNP is a # 2 (Buy) stock with a Value score of A.
Furthermore, Tsakos Energy Navigation holds a P/B ratio of 0.33 and its industry's price-to-book ratio is 0.98. TNP's P/B has been as high as 0.48, as low as 0.12, with a median of 0.34 over the past 12 months.
These are just a handful of the figures considered in Danaos and Tsakos Energy Navigation'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 DAC and TNP is an impressive value stock right now.