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Is ChoiceOne Financial Services (COFS) a Great Value Stock Right Now?
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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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
ChoiceOne Financial Services (COFS - Free Report) is a stock many investors are watching right now. COFS is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 9, while its industry has an average P/E of 14. COFS's Forward P/E has been as high as 11.04 and as low as 5.66, with a median of 8.81, all within the past year.
Another valuation metric that we should highlight is COFS's P/B ratio of 1.16. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.34. Over the past year, COFS's P/B has been as high as 1.33 and as low as 0.68, with a median of 1.01.
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 prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. COFS has a P/S ratio of 1.88. This compares to its industry's average P/S of 1.89.
Finally, our model also underscores that COFS has a P/CF ratio of 5.91. 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. COFS's P/CF compares to its industry's average P/CF of 13.26. Over the past 52 weeks, COFS's P/CF has been as high as 6.82 and as low as 3.48, with a median of 5.75.
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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Is ChoiceOne Financial Services (COFS) a Great Value Stock Right Now?
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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
ChoiceOne Financial Services (COFS - Free Report) is a stock many investors are watching right now. COFS is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 9, while its industry has an average P/E of 14. COFS's Forward P/E has been as high as 11.04 and as low as 5.66, with a median of 8.81, all within the past year.
Another valuation metric that we should highlight is COFS's P/B ratio of 1.16. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.34. Over the past year, COFS's P/B has been as high as 1.33 and as low as 0.68, with a median of 1.01.
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 prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. COFS has a P/S ratio of 1.88. This compares to its industry's average P/S of 1.89.
Finally, our model also underscores that COFS has a P/CF ratio of 5.91. 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. COFS's P/CF compares to its industry's average P/CF of 13.26. Over the past 52 weeks, COFS's P/CF has been as high as 6.82 and as low as 3.48, with a median of 5.75.
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.