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Are Investors Undervaluing TEGNA (TGNA) Right Now?
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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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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 to watch right now is TEGNA (TGNA - Free Report) . TGNA is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 8.30 right now. For comparison, its industry sports an average P/E of 18.92. Over the past year, TGNA's Forward P/E has been as high as 16.80 and as low as 7.31, with a median of 8.61.
Finally, our model also underscores that TGNA has a P/CF ratio of 5.02. 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. TGNA's current P/CF looks attractive when compared to its industry's average P/CF of 11.35. TGNA's P/CF has been as high as 8.01 and as low as 4.55, with a median of 6.94, all within the past year.
These are just a handful of the figures considered in TEGNA'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 TGNA is an impressive value stock right now.
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Are Investors Undervaluing TEGNA (TGNA) Right Now?
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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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 to watch right now is TEGNA (TGNA - Free Report) . TGNA is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 8.30 right now. For comparison, its industry sports an average P/E of 18.92. Over the past year, TGNA's Forward P/E has been as high as 16.80 and as low as 7.31, with a median of 8.61.
Finally, our model also underscores that TGNA has a P/CF ratio of 5.02. 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. TGNA's current P/CF looks attractive when compared to its industry's average P/CF of 11.35. TGNA's P/CF has been as high as 8.01 and as low as 4.55, with a median of 6.94, all within the past year.
These are just a handful of the figures considered in TEGNA'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 TGNA is an impressive value stock right now.