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Should Value Investors Buy Molson Coors (TAP) 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.
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.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Molson Coors (TAP - Free Report) . TAP is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 11.75, which compares to its industry's average of 18.47. Over the last 12 months, TAP's Forward P/E has been as high as 15.57 and as low as 10.82, with a median of 12.29.
Investors will also notice that TAP has a PEG ratio of 2.32. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. TAP's PEG compares to its industry's average PEG of 3.14. TAP's PEG has been as high as 4.01 and as low as 1.05, with a median of 1.75, all within the past year.
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. TAP has a P/S ratio of 1.04. This compares to its industry's average P/S of 1.71.
These are just a handful of the figures considered in Molson Coors'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 TAP is an impressive value stock right now.
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Should Value Investors Buy Molson Coors (TAP) 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.
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.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Molson Coors (TAP - Free Report) . TAP is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 11.75, which compares to its industry's average of 18.47. Over the last 12 months, TAP's Forward P/E has been as high as 15.57 and as low as 10.82, with a median of 12.29.
Investors will also notice that TAP has a PEG ratio of 2.32. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. TAP's PEG compares to its industry's average PEG of 3.14. TAP's PEG has been as high as 4.01 and as low as 1.05, with a median of 1.75, all within the past year.
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. TAP has a P/S ratio of 1.04. This compares to its industry's average P/S of 1.71.
These are just a handful of the figures considered in Molson Coors'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 TAP is an impressive value stock right now.