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Is Coca-Cola HBC (CCHGY) Stock Undervalued 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Coca-Cola HBC (CCHGY - Free Report) is a stock many investors are watching right now. CCHGY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 13.66, while its industry has an average P/E of 20.22. Over the last 12 months, CCHGY's Forward P/E has been as high as 15.02 and as low as 12.17, with a median of 13.82.
Investors should also recognize that CCHGY has a P/B ratio of 3.83. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 8.54. CCHGY's P/B has been as high as 4.07 and as low as 2.97, with a median of 3.68, over the past year.
These are only a few of the key metrics included in Coca-Cola HBC's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, CCHGY looks like an impressive value stock at the moment.
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Is Coca-Cola HBC (CCHGY) Stock Undervalued 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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Coca-Cola HBC (CCHGY - Free Report) is a stock many investors are watching right now. CCHGY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 13.66, while its industry has an average P/E of 20.22. Over the last 12 months, CCHGY's Forward P/E has been as high as 15.02 and as low as 12.17, with a median of 13.82.
Investors should also recognize that CCHGY has a P/B ratio of 3.83. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 8.54. CCHGY's P/B has been as high as 4.07 and as low as 2.97, with a median of 3.68, over the past year.
These are only a few of the key metrics included in Coca-Cola HBC's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, CCHGY looks like an impressive value stock at the moment.