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Are Investors Undervaluing Blue Bird (BLBD) Right Now?
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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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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.
One company to watch right now is Blue Bird (BLBD - Free Report) . BLBD is currently sporting a Zacks Rank #2 (Buy) and an A for Value.
We also note that BLBD holds a PEG ratio of 1.57. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BLBD's PEG compares to its industry's average PEG of 4.18. BLBD's PEG has been as high as 1.58 and as low as 0.17, with a median of 0.83, all within the past year.
These are only a few of the key metrics included in Blue Bird'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, BLBD looks like an impressive value stock at the moment.
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Are Investors Undervaluing Blue Bird (BLBD) Right Now?
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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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.
One company to watch right now is Blue Bird (BLBD - Free Report) . BLBD is currently sporting a Zacks Rank #2 (Buy) and an A for Value.
We also note that BLBD holds a PEG ratio of 1.57. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BLBD's PEG compares to its industry's average PEG of 4.18. BLBD's PEG has been as high as 1.58 and as low as 0.17, with a median of 0.83, all within the past year.
These are only a few of the key metrics included in Blue Bird'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, BLBD looks like an impressive value stock at the moment.