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Should Value Investors Buy Premier Foods (PRRFY) Stock?
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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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Premier Foods (PRRFY - Free Report) . PRRFY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 12.66, while its industry has an average P/E of 15.88. Over the past year, PRRFY's Forward P/E has been as high as 12.73 and as low as 8.52, with a median of 10.38.
Another valuation metric that we should highlight is PRRFY's P/B ratio of 1.15. The P/B is a method of comparing a stock's market value to 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 2.11. Over the past year, PRRFY's P/B has been as high as 1.15 and as low as 0.73, with a median of 0.89.
Value investors will likely look at more than just these metrics, but the above data helps show that Premier Foods is likely undervalued currently. And when considering the strength of its earnings outlook, PRRFY sticks out at as one of the market's strongest value stocks.
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Should Value Investors Buy Premier Foods (PRRFY) Stock?
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Premier Foods (PRRFY - Free Report) . PRRFY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 12.66, while its industry has an average P/E of 15.88. Over the past year, PRRFY's Forward P/E has been as high as 12.73 and as low as 8.52, with a median of 10.38.
Another valuation metric that we should highlight is PRRFY's P/B ratio of 1.15. The P/B is a method of comparing a stock's market value to 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 2.11. Over the past year, PRRFY's P/B has been as high as 1.15 and as low as 0.73, with a median of 0.89.
Value investors will likely look at more than just these metrics, but the above data helps show that Premier Foods is likely undervalued currently. And when considering the strength of its earnings outlook, PRRFY sticks out at as one of the market's strongest value stocks.