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Are Investors Undervaluing Monarch Casino & Resort (MCRI) 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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
One company value investors might notice is Monarch Casino & Resort (MCRI - Free Report) . MCRI is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 15.46. This compares to its industry's average Forward P/E of 28.69. MCRI's Forward P/E has been as high as 16.71 and as low as 11.78, with a median of 14.81, all within the past year.
Finally, we should also recognize that MCRI has a P/CF ratio of 10.73. 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. This stock's P/CF looks attractive against its industry's average P/CF of 26.37. Over the past 52 weeks, MCRI's P/CF has been as high as 11.32 and as low as 8.50, with a median of 10.04.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Monarch Casino & Resort is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MCRI feels like a great value stock at the moment.
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Are Investors Undervaluing Monarch Casino & Resort (MCRI) 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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
One company value investors might notice is Monarch Casino & Resort (MCRI - Free Report) . MCRI is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 15.46. This compares to its industry's average Forward P/E of 28.69. MCRI's Forward P/E has been as high as 16.71 and as low as 11.78, with a median of 14.81, all within the past year.
Finally, we should also recognize that MCRI has a P/CF ratio of 10.73. 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. This stock's P/CF looks attractive against its industry's average P/CF of 26.37. Over the past 52 weeks, MCRI's P/CF has been as high as 11.32 and as low as 8.50, with a median of 10.04.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Monarch Casino & Resort is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MCRI feels like a great value stock at the moment.