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Are Investors Undervaluing QuidelOrtho (QDEL) 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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 QuidelOrtho (QDEL - Free Report) . QDEL is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 10.75 right now. For comparison, its industry sports an average P/E of 21.17. Over the last 12 months, QDEL's Forward P/E has been as high as 25.36 and as low as 9.36, with a median of 14.18.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. QDEL has a P/S ratio of 0.74. This compares to its industry's average P/S of 1.44.
These figures are just a handful of the metrics value investors tend to look at, but they help show that QuidelOrtho is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, QDEL feels like a great value stock at the moment.
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Are Investors Undervaluing QuidelOrtho (QDEL) 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, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 QuidelOrtho (QDEL - Free Report) . QDEL is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 10.75 right now. For comparison, its industry sports an average P/E of 21.17. Over the last 12 months, QDEL's Forward P/E has been as high as 25.36 and as low as 9.36, with a median of 14.18.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's 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. QDEL has a P/S ratio of 0.74. This compares to its industry's average P/S of 1.44.
These figures are just a handful of the metrics value investors tend to look at, but they help show that QuidelOrtho is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, QDEL feels like a great value stock at the moment.