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Are Investors Undervaluing Hawaiian Holdings (HA) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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.
One stock to keep an eye on is Hawaiian Holdings (HA - Free Report) . HA is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 7.12. This compares to its industry's average Forward P/E of 8.67. Over the last 12 months, HA's Forward P/E has been as high as 8.36 and as low as 4.77, with a median of 6.98.
Investors should also recognize that HA has a P/B ratio of 1.34. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.39. HA's P/B has been as high as 2.02 and as low as 1.09, with a median of 1.34, over the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by 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. HA has a P/S ratio of 0.49. This compares to its industry's average P/S of 0.64.
Finally, investors should note that HA has a P/CF ratio of 3.75. 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. HA's current P/CF looks attractive when compared to its industry's average P/CF of 5.57. HA's P/CF has been as high as 4.36 and as low as 2.71, with a median of 3.53, all within the past year.
These are just a handful of the figures considered in Hawaiian Holdings'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 HA is an impressive value stock right now.
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Are Investors Undervaluing Hawaiian Holdings (HA) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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.
One stock to keep an eye on is Hawaiian Holdings (HA - Free Report) . HA is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 7.12. This compares to its industry's average Forward P/E of 8.67. Over the last 12 months, HA's Forward P/E has been as high as 8.36 and as low as 4.77, with a median of 6.98.
Investors should also recognize that HA has a P/B ratio of 1.34. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.39. HA's P/B has been as high as 2.02 and as low as 1.09, with a median of 1.34, over the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by 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. HA has a P/S ratio of 0.49. This compares to its industry's average P/S of 0.64.
Finally, investors should note that HA has a P/CF ratio of 3.75. 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. HA's current P/CF looks attractive when compared to its industry's average P/CF of 5.57. HA's P/CF has been as high as 4.36 and as low as 2.71, with a median of 3.53, all within the past year.
These are just a handful of the figures considered in Hawaiian Holdings'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 HA is an impressive value stock right now.