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Should Value Investors Buy GREENCORE GRP (GNCGY) Stock?
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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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 company value investors might notice is GREENCORE GRP (GNCGY - Free Report) . GNCGY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 11.75. This compares to its industry's average Forward P/E of 17.74. Over the past year, GNCGY's Forward P/E has been as high as 17.90 and as low as 10.98, with a median of 12.14.
Investors will also notice that GNCGY has a PEG ratio of 1.40. 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. GNCGY's industry has an average PEG of 2.58 right now. Over the past 52 weeks, GNCGY's PEG has been as high as 2.27 and as low as 1.32, with a median of 1.51.
These are just a handful of the figures considered in GREENCORE GRP's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that GNCGY is an impressive value stock right now.
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Should Value Investors Buy GREENCORE GRP (GNCGY) Stock?
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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 company value investors might notice is GREENCORE GRP (GNCGY - Free Report) . GNCGY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 11.75. This compares to its industry's average Forward P/E of 17.74. Over the past year, GNCGY's Forward P/E has been as high as 17.90 and as low as 10.98, with a median of 12.14.
Investors will also notice that GNCGY has a PEG ratio of 1.40. 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. GNCGY's industry has an average PEG of 2.58 right now. Over the past 52 weeks, GNCGY's PEG has been as high as 2.27 and as low as 1.32, with a median of 1.51.
These are just a handful of the figures considered in GREENCORE GRP's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that GNCGY is an impressive value stock right now.