Should Value Investors Buy Everi Holdings (EVRI) Stock?
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, 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.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Everi Holdings (EVRI) is a stock many investors are watching right now. EVRI is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 17.88 right now. For comparison, its industry sports an average P/E of 17.98. Over the past 52 weeks, EVRI's Forward P/E has been as high as 67.27 and as low as 17.05, with a median of 25.47.
EVRI is also sporting a PEG ratio of 0.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. EVRI's industry currently sports an average PEG of 1.72. Over the past 52 weeks, EVRI's PEG has been as high as 3.36 and as low as 0.85, with a median of 1.27.
Value investors will likely look at more than just these metrics, but the above data helps show that Everi Holdings is likely undervalued currently. And when considering the strength of its earnings outlook, EVRI sticks out at as one of the market's strongest value stocks.
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Everi Holdings Inc. (EVRI) : Free Stock Analysis Report
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