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Why This 1 Value Stock Could Be a Great Addition to Your Portfolio

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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.

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Teleflex (TFX)

Teleflex is a global provider of medical technology products. The company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications.

TFX is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 15.2X for the current fiscal year compared to the Medical - Instruments industry's P/E of 24.9X. Additionally, TFX has a PEG Ratio of 2 and a Price/Cash Flow ratio of 11.1X. Value investors should also note TFX's Price/Sales ratio of 3.3X.

Many value investors pay close attention to a company's earnings as well. For TFX, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $13.75 per share for 2024. Per share TFX boasts an average earnings surprise of 6.5%.

Investors should take the time to consider TFX for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

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Teleflex Incorporated (TFX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research