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Are Investors Undervaluing Halfords Group Plc (HLFDY) Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Halfords Group Plc (HLFDY - Free Report) . HLFDY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 17.46 right now. For comparison, its industry sports an average P/E of 18.68. Over the past year, HLFDY's Forward P/E has been as high as 78.15 and as low as 4.85, with a median of 8.11.
We should also highlight that HLFDY has a P/B ratio of 1.31. 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 company's current P/B looks solid when compared to its industry's average P/B of 2.41. Over the past year, HLFDY's P/B has been as high as 1.33 and as low as 0.44, with a median of 0.91.
These are just a handful of the figures considered in Halfords Group Plc'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 HLFDY is an impressive value stock right now.
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Are Investors Undervaluing Halfords Group Plc (HLFDY) Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Halfords Group Plc (HLFDY - Free Report) . HLFDY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 17.46 right now. For comparison, its industry sports an average P/E of 18.68. Over the past year, HLFDY's Forward P/E has been as high as 78.15 and as low as 4.85, with a median of 8.11.
We should also highlight that HLFDY has a P/B ratio of 1.31. 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 company's current P/B looks solid when compared to its industry's average P/B of 2.41. Over the past year, HLFDY's P/B has been as high as 1.33 and as low as 0.44, with a median of 0.91.
These are just a handful of the figures considered in Halfords Group Plc'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 HLFDY is an impressive value stock right now.