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Should Value Investors Buy SpartanNash (SPTN) Stock?
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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.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
SpartanNash (SPTN - Free Report) is a stock many investors are watching right now. SPTN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 8.90, which compares to its industry's average of 13.80. Over the last 12 months, SPTN's Forward P/E has been as high as 14.38 and as low as 8.76, with a median of 10.89.
Another notable valuation metric for SPTN is its P/B ratio of 0.95. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. SPTN's current P/B looks attractive when compared to its industry's average P/B of 2.17. Over the past 12 months, SPTN's P/B has been as high as 1.69 and as low as 0.94, with a median of 1.17.
Finally, we should also recognize that SPTN has a P/CF ratio of 5.34. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. SPTN's P/CF compares to its industry's average P/CF of 9.37. Over the past year, SPTN's P/CF has been as high as 8.94 and as low as 5.25, with a median of 7.15.
These figures are just a handful of the metrics value investors tend to look at, but they help show that SpartanNash is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SPTN feels like a great value stock at the moment.
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Should Value Investors Buy SpartanNash (SPTN) Stock?
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.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
SpartanNash (SPTN - Free Report) is a stock many investors are watching right now. SPTN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 8.90, which compares to its industry's average of 13.80. Over the last 12 months, SPTN's Forward P/E has been as high as 14.38 and as low as 8.76, with a median of 10.89.
Another notable valuation metric for SPTN is its P/B ratio of 0.95. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. SPTN's current P/B looks attractive when compared to its industry's average P/B of 2.17. Over the past 12 months, SPTN's P/B has been as high as 1.69 and as low as 0.94, with a median of 1.17.
Finally, we should also recognize that SPTN has a P/CF ratio of 5.34. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. SPTN's P/CF compares to its industry's average P/CF of 9.37. Over the past year, SPTN's P/CF has been as high as 8.94 and as low as 5.25, with a median of 7.15.
These figures are just a handful of the metrics value investors tend to look at, but they help show that SpartanNash is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SPTN feels like a great value stock at the moment.