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Are Investors Undervaluing Melco Resorts & Entertainment Limited (MLCO) Right Now?
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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.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Melco Resorts & Entertainment Limited (MLCO - Free Report) is a stock many investors are watching right now. MLCO is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 20.27, which compares to its industry's average of 32.48. Over the past 52 weeks, MLCO's Forward P/E has been as high as 38.28 and as low as 12.10, with a median of 17.60.
Investors should also note that MLCO holds a PEG ratio of 0.46. 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. MLCO's PEG compares to its industry's average PEG of 1.21. Within the past year, MLCO's PEG has been as high as 1.11 and as low as 0.26, with a median of 0.47.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. MLCO has a P/S ratio of 0.59. This compares to its industry's average P/S of 1.33.
These are only a few of the key metrics included in Melco Resorts & Entertainment Limited's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, MLCO looks like an impressive value stock at the moment.
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Are Investors Undervaluing Melco Resorts & Entertainment Limited (MLCO) Right Now?
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.
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Melco Resorts & Entertainment Limited (MLCO - Free Report) is a stock many investors are watching right now. MLCO is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 20.27, which compares to its industry's average of 32.48. Over the past 52 weeks, MLCO's Forward P/E has been as high as 38.28 and as low as 12.10, with a median of 17.60.
Investors should also note that MLCO holds a PEG ratio of 0.46. 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. MLCO's PEG compares to its industry's average PEG of 1.21. Within the past year, MLCO's PEG has been as high as 1.11 and as low as 0.26, with a median of 0.47.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. MLCO has a P/S ratio of 0.59. This compares to its industry's average P/S of 1.33.
These are only a few of the key metrics included in Melco Resorts & Entertainment Limited's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, MLCO looks like an impressive value stock at the moment.