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Should Value Investors Buy ChoiceOne Financial Services (COFS) Stock?
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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.
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.
ChoiceOne Financial Services (COFS - Free Report) is a stock many investors are watching right now. COFS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 8.56 right now. For comparison, its industry sports an average P/E of 12.69. Over the past 52 weeks, COFS's Forward P/E has been as high as 11.04 and as low as 5.66, with a median of 8.77.
We should also highlight that COFS has a P/B ratio of 0.95. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. COFS's current P/B looks attractive when compared to its industry's average P/B of 2.09. Over the past 12 months, COFS's P/B has been as high as 1.32 and as low as 0.68, with a median of 1.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. COFS has a P/S ratio of 1.62. This compares to its industry's average P/S of 1.65.
Finally, our model also underscores that COFS has a P/CF ratio of 5.88. 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. COFS's current P/CF looks attractive when compared to its industry's average P/CF of 12.70. Within the past 12 months, COFS's P/CF has been as high as 6.82 and as low as 3.48, with a median of 5.47.
These are just a handful of the figures considered in ChoiceOne Financial Services'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 COFS is an impressive value stock right now.
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Should Value Investors Buy ChoiceOne Financial Services (COFS) Stock?
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.
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.
ChoiceOne Financial Services (COFS - Free Report) is a stock many investors are watching right now. COFS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 8.56 right now. For comparison, its industry sports an average P/E of 12.69. Over the past 52 weeks, COFS's Forward P/E has been as high as 11.04 and as low as 5.66, with a median of 8.77.
We should also highlight that COFS has a P/B ratio of 0.95. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. COFS's current P/B looks attractive when compared to its industry's average P/B of 2.09. Over the past 12 months, COFS's P/B has been as high as 1.32 and as low as 0.68, with a median of 1.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. COFS has a P/S ratio of 1.62. This compares to its industry's average P/S of 1.65.
Finally, our model also underscores that COFS has a P/CF ratio of 5.88. 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. COFS's current P/CF looks attractive when compared to its industry's average P/CF of 12.70. Within the past 12 months, COFS's P/CF has been as high as 6.82 and as low as 3.48, with a median of 5.47.
These are just a handful of the figures considered in ChoiceOne Financial Services'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 COFS is an impressive value stock right now.