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Are Investors Undervaluing Diana Shipping (DSX) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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 company value investors might notice is Diana Shipping (DSX - Free Report) . DSX is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 6.57, which compares to its industry's average of 6.93. Over the past 52 weeks, DSX's Forward P/E has been as high as 19.84 and as low as 6.55, with a median of 11.83.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. DSX has a P/S ratio of 1.27. This compares to its industry's average P/S of 1.45.
Finally, investors will want to recognize that DSX has a P/CF ratio of 3.86. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 10.03. DSX's P/CF has been as high as 4.37 and as low as 2.26, with a median of 3.04, all within the past year.
Teekay Tankers (TNK - Free Report) may be another strong Transportation - Shipping stock to add to your shortlist. TNK is a # 2 (Buy) stock with a Value grade of A.
Shares of Teekay Tankers currently holds a Forward P/E ratio of 5.27, and its PEG ratio is 1.76. In comparison, its industry sports average P/E and PEG ratios of 6.93 and 0.30.
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Are Investors Undervaluing Diana Shipping (DSX) 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. 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 company value investors might notice is Diana Shipping (DSX - Free Report) . DSX is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 6.57, which compares to its industry's average of 6.93. Over the past 52 weeks, DSX's Forward P/E has been as high as 19.84 and as low as 6.55, with a median of 11.83.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. DSX has a P/S ratio of 1.27. This compares to its industry's average P/S of 1.45.
Finally, investors will want to recognize that DSX has a P/CF ratio of 3.86. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 10.03. DSX's P/CF has been as high as 4.37 and as low as 2.26, with a median of 3.04, all within the past year.
Teekay Tankers (TNK - Free Report) may be another strong Transportation - Shipping stock to add to your shortlist. TNK is a # 2 (Buy) stock with a Value grade of A.
Shares of Teekay Tankers currently holds a Forward P/E ratio of 5.27, and its PEG ratio is 1.76. In comparison, its industry sports average P/E and PEG ratios of 6.93 and 0.30.