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Are Investors Undervaluing Fulton Financial (FULT) 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.
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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 Fulton Financial (FULT - Free Report) . FULT is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
Another notable valuation metric for FULT is its P/B ratio of 0.92. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. FULT's current P/B looks attractive when compared to its industry's average P/B of 1.29. Over the past 12 months, FULT's P/B has been as high as 1.23 and as low as 0.66, with a median of 0.92.
Finally, our model also underscores that FULT has a P/CF ratio of 7.85. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 11.72. Within the past 12 months, FULT's P/CF has been as high as 8.93 and as low as 4.86, with a median of 6.67.
These are just a handful of the figures considered in Fulton Financial'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 FULT is an impressive value stock right now.
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Are Investors Undervaluing Fulton Financial (FULT) 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.
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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 Fulton Financial (FULT - Free Report) . FULT is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
Another notable valuation metric for FULT is its P/B ratio of 0.92. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. FULT's current P/B looks attractive when compared to its industry's average P/B of 1.29. Over the past 12 months, FULT's P/B has been as high as 1.23 and as low as 0.66, with a median of 0.92.
Finally, our model also underscores that FULT has a P/CF ratio of 7.85. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 11.72. Within the past 12 months, FULT's P/CF has been as high as 8.93 and as low as 4.86, with a median of 6.67.
These are just a handful of the figures considered in Fulton Financial'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 FULT is an impressive value stock right now.