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Are Investors Undervaluing ClevelandCliffs (CLF) Right Now?
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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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is ClevelandCliffs (CLF - Free Report) . CLF is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 7 right now. For comparison, its industry sports an average P/E of 10.04. CLF's Forward P/E has been as high as 15.79 and as low as 3.02, with a median of 5.85, all within the past year.
We should also highlight that CLF has a P/B ratio of 1.02. 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 company's current P/B looks solid when compared to its industry's average P/B of 1.23. CLF's P/B has been as high as 2.43 and as low as 0.84, with a median of 1.23, over the past year.
Finally, we should also recognize that CLF has a P/CF ratio of 3.50. 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. CLF's current P/CF looks attractive when compared to its industry's average P/CF of 12.58. Over the past 52 weeks, CLF's P/CF has been as high as 5.02 and as low as 1.49, with a median of 2.35.
These figures are just a handful of the metrics value investors tend to look at, but they help show that ClevelandCliffs is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CLF feels like a great value stock at the moment.
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Are Investors Undervaluing ClevelandCliffs (CLF) Right Now?
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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is ClevelandCliffs (CLF - Free Report) . CLF is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 7 right now. For comparison, its industry sports an average P/E of 10.04. CLF's Forward P/E has been as high as 15.79 and as low as 3.02, with a median of 5.85, all within the past year.
We should also highlight that CLF has a P/B ratio of 1.02. 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 company's current P/B looks solid when compared to its industry's average P/B of 1.23. CLF's P/B has been as high as 2.43 and as low as 0.84, with a median of 1.23, over the past year.
Finally, we should also recognize that CLF has a P/CF ratio of 3.50. 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. CLF's current P/CF looks attractive when compared to its industry's average P/CF of 12.58. Over the past 52 weeks, CLF's P/CF has been as high as 5.02 and as low as 1.49, with a median of 2.35.
These figures are just a handful of the metrics value investors tend to look at, but they help show that ClevelandCliffs is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CLF feels like a great value stock at the moment.