Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Friday, October 16, 2020 4:02:20 PM
By: Zacks Equity Research | October 12, 2020
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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.
CVS Health (CVS) is a stock many investors are watching right now. CVS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 8.09, while its industry has an average P/E of 8.53. Over the past year, CVS's Forward P/E has been as high as 10.72 and as low as 7.23, with a median of 8.83.
Investors should also note that CVS holds a PEG ratio of 1.45. 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. CVS's industry has an average PEG of 1.69 right now. CVS's PEG has been as high as 1.63 and as low as 1.01, with a median of 1.41, all within the past year.
We should also highlight that CVS has a P/B ratio of 1.16. The P/B is a method of comparing a stock's market value to 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 1.23. CVS's P/B has been as high as 1.58 and as low as 1.06, with a median of 1.27, over the past year.
Finally, we should also recognize that CVS has a P/CF ratio of 6.29. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 6.75. Within the past 12 months, CVS's P/CF has been as high as 9.27 and as low as 5.90, with a median of 7.24.
These figures are just a handful of the metrics value investors tend to look at, but they help show that CVS Health is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CVS feels like a great value stock at the moment.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent CVS News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 09:29:08 PM
- CVS Health announces quarterly dividend • PR Newswire (US) • 09/19/2024 03:02:00 PM
- CVS Pharmacy® launches birth control prescribing in Massachusetts • PR Newswire (US) • 09/12/2024 01:00:00 PM
- CVS Health supporting customers, patients, members and colleagues as Tropical Storm Francine approaches • PR Newswire (US) • 09/10/2024 07:43:00 PM
- Shareholders of CVS Health Corporation Should Contact The Gross Law Firm Before September 10, 2024 to Discuss Your Rights - CVS • PR Newswire (US) • 09/09/2024 02:32:00 PM
- The Gross Law Firm Notifies CVS Health Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - CVS • PR Newswire (US) • 09/05/2024 09:45:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 09:47:27 PM
- CVS Health Corporation Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - CVS • PR Newswire (US) • 08/29/2024 10:05:00 AM
- Updated flu and COVID-19 vaccinations now available at CVS Pharmacy® and MinuteClinic® • PR Newswire (US) • 08/28/2024 12:00:00 PM
- Aetna first major insurer to expand and simplify access to fertility services • PR Newswire (US) • 08/27/2024 12:00:00 PM
- Class Action Filed Against CVS Health Corporation (CVS) Seeking Recovery for Investors - Contact The Gross Law Firm • PR Newswire (US) • 08/26/2024 09:45:00 AM
- Shareholders of CVS Health Corporation Should Contact The Gross Law Firm Before September 10, 2024 to Discuss Your Rights - CVS • PR Newswire (US) • 08/22/2024 09:45:00 AM
- CVS Pharmacy® introduces colleague-designed journals • PR Newswire (US) • 08/21/2024 12:00:00 PM
- CVS Health Corporation Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before September 10, 2024 to Discuss Your Rights - CVS • PR Newswire (US) • 08/19/2024 09:45:00 AM
- Google Mandated to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
- Google Forced to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
- CVS Health Corporation Class Action: The Gross Law Firm Reminds CVS Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 10, 2024 - CVS • PR Newswire (US) • 08/15/2024 09:45:00 AM
- CVS Health Names Heidi Capozzi Executive Vice President, Chief People Officer • PR Newswire (US) • 08/14/2024 08:00:00 PM
- CVS Health Foundation joins forces with organizations at City Center to improve health outcomes in Fresno • PR Newswire (US) • 08/14/2024 05:00:00 PM
- AM Best Revises Issuer Credit Rating Outlooks to Stable for Most of CVS Health Corporation’s Aetna Inc. Subsidiaries • Business Wire • 08/14/2024 02:39:00 PM
- Class Action Filed Against CVS Health Corporation (CVS) - September 10, 2024 Deadline to Join - Contact The Gross Law Firm • PR Newswire (US) • 08/08/2024 09:45:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 10:35:29 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 10:33:48 AM
- CVS HEALTH CORPORATION REPORTS SECOND QUARTER 2024 RESULTS AND REVISES FULL-YEAR 2024 GUIDANCE • PR Newswire (US) • 08/07/2024 10:30:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM