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Is Campbell Soup (CPB) a Great Value Stock 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.
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 Campbell Soup (CPB - Free Report) . CPB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 17.15, while its industry has an average P/E of 19.13. Over the past year, CPB's Forward P/E has been as high as 20.32 and as low as 14.15, with a median of 18.21.
Investors should also note that CPB holds a PEG ratio of 2.40. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. CPB's industry has an average PEG of 2.60 right now. Over the last 12 months, CPB's PEG has been as high as 3.53 and as low as 2.36, with a median of 3.09.
These are just a handful of the figures considered in Campbell Soup'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 CPB is an impressive value stock right now.
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Is Campbell Soup (CPB) a Great Value Stock 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.
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 Campbell Soup (CPB - Free Report) . CPB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 17.15, while its industry has an average P/E of 19.13. Over the past year, CPB's Forward P/E has been as high as 20.32 and as low as 14.15, with a median of 18.21.
Investors should also note that CPB holds a PEG ratio of 2.40. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. CPB's industry has an average PEG of 2.60 right now. Over the last 12 months, CPB's PEG has been as high as 3.53 and as low as 2.36, with a median of 3.09.
These are just a handful of the figures considered in Campbell Soup'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 CPB is an impressive value stock right now.