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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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Blue Bird (BLBD - Free Report) is a stock many investors are watching right now. BLBD is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value.
Investors should also note that BLBD holds a PEG ratio of 1.57. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BLBD's industry currently sports an average PEG of 3.07. Over the last 12 months, BLBD's PEG has been as high as 1.58 and as low as 0.17, with a median of 0.83.
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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Blue Bird (BLBD - Free Report) is a stock many investors are watching right now. BLBD is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value.
Investors should also note that BLBD holds a PEG ratio of 1.57. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BLBD's industry currently sports an average PEG of 3.07. Over the last 12 months, BLBD's PEG has been as high as 1.58 and as low as 0.17, with a median of 0.83.
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.