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Are Investors Undervaluing Molson Coors (TAP) 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 use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 value investors might notice is Molson Coors (TAP - Free Report) . TAP 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 12.29 right now. For comparison, its industry sports an average P/E of 17.62. Over the last 12 months, TAP's Forward P/E has been as high as 15.57 and as low as 11.39, with a median of 12.77.
TAP is also sporting a PEG ratio of 1.69. 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. TAP's industry currently sports an average PEG of 2.31. TAP's PEG has been as high as 5.47 and as low as 1.67, with a median of 3.30, all within the past year.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. TAP has a P/S ratio of 1.01. This compares to its industry's average P/S of 1.56.
Value investors will likely look at more than just these metrics, but the above data helps show that Molson Coors is likely undervalued currently. And when considering the strength of its earnings outlook, TAP sticks out at as one of the market's strongest value stocks.
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Are Investors Undervaluing Molson Coors (TAP) 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 use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 value investors might notice is Molson Coors (TAP - Free Report) . TAP 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 12.29 right now. For comparison, its industry sports an average P/E of 17.62. Over the last 12 months, TAP's Forward P/E has been as high as 15.57 and as low as 11.39, with a median of 12.77.
TAP is also sporting a PEG ratio of 1.69. 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. TAP's industry currently sports an average PEG of 2.31. TAP's PEG has been as high as 5.47 and as low as 1.67, with a median of 3.30, all within the past year.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. TAP has a P/S ratio of 1.01. This compares to its industry's average P/S of 1.56.
Value investors will likely look at more than just these metrics, but the above data helps show that Molson Coors is likely undervalued currently. And when considering the strength of its earnings outlook, TAP sticks out at as one of the market's strongest value stocks.