Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Baxter International (BAX)
Headquartered in Deerfield, IL, Baxter International Inc. is a global medical technology company. The company is engaged in the development, manufacture and sale of a broad range of products, digital health solutions and therapies used by hospitals and other care-giving organizations including at-home physician supervision. Currently, the company has presence in more than 100 countries.
BAX is a Zacks Rank #2 (Buy) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 12.1X for the current fiscal year compared to the Medical - Products industry's P/E of 22.2X. Additionally, BAX has a PEG Ratio of 1.8 and a Price/Cash Flow ratio of 6.7X. Value investors should also note BAX's Price/Sales ratio of 1.2X.
A company's earnings performance is important for value investors as well. For fiscal 2024, two analysts revised their earnings estimate higher in the last 60 days for BAX, while the Zacks Consensus Estimate has increased $0.01 to $2.91 per share. BAX also holds an average earnings surprise of 1.3%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding BAX to their portfolios.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Baxter International Inc. (BAX) : Free Stock Analysis Report