![]() Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough January 2, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. ![]() This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. ![]() Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. ![]() This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. These are just a few of the metrics contributing to ELV's Value grade of A and PGNY's Value grade of D.īoth ELV and PGNY are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that ELV is the superior value option right now. 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. PGNY currently has a PEG ratio of 7.01.Īnother notable valuation metric for ELV is its P/B ratio of 3.48. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. We also note that ELV has a PEG ratio of 1.50. Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.ĮLV currently has a forward P/E ratio of 17.99, while PGNY has a forward P/E of 147.69. Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels. But this is only part of the picture for value investors. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that these stocks have improving earnings outlooks. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.Įlevance Health and Progyny are both sporting a Zacks Rank of # 2 (Buy) right now. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. ![]() Investors looking for stocks in the Medical Services sector might want to consider either Elevance Health ( ELV Quick Quote ELV - Free Report) or Progyny ( PGNY Quick Quote PGNY - Free Report). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |