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Are Investors Undervaluing Covenant Logistics Group (CVLG) 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, value investing is easily one of the most popular ways to find great stocks in any market environment. 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.
One company to watch right now is Covenant Logistics Group (CVLG - Free Report) . CVLG is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 10.85, which compares to its industry's average of 25.61. CVLG's Forward P/E has been as high as 13.69 and as low as 7.81, with a median of 10.92, all within the past year.
Investors should also recognize that CVLG has a P/B ratio of 1.44. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 3.19. Over the past year, CVLG's P/B has been as high as 1.85 and as low as 1.06, with a median of 1.57.
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 popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. CVLG has a P/S ratio of 0.58. This compares to its industry's average P/S of 0.96.
Finally, our model also underscores that CVLG has a P/CF ratio of 5.31. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. CVLG's current P/CF looks attractive when compared to its industry's average P/CF of 13.27. Over the past year, CVLG's P/CF has been as high as 6.76 and as low as 3.93, with a median of 5.73.
These are only a few of the key metrics included in Covenant Logistics Group'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, CVLG looks like an impressive value stock at the moment.
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Are Investors Undervaluing Covenant Logistics Group (CVLG) 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, value investing is easily one of the most popular ways to find great stocks in any market environment. 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.
One company to watch right now is Covenant Logistics Group (CVLG - Free Report) . CVLG is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 10.85, which compares to its industry's average of 25.61. CVLG's Forward P/E has been as high as 13.69 and as low as 7.81, with a median of 10.92, all within the past year.
Investors should also recognize that CVLG has a P/B ratio of 1.44. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 3.19. Over the past year, CVLG's P/B has been as high as 1.85 and as low as 1.06, with a median of 1.57.
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 popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. CVLG has a P/S ratio of 0.58. This compares to its industry's average P/S of 0.96.
Finally, our model also underscores that CVLG has a P/CF ratio of 5.31. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. CVLG's current P/CF looks attractive when compared to its industry's average P/CF of 13.27. Over the past year, CVLG's P/CF has been as high as 6.76 and as low as 3.93, with a median of 5.73.
These are only a few of the key metrics included in Covenant Logistics Group'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, CVLG looks like an impressive value stock at the moment.