Why This 1 Value Stock Could Be a Great Addition to Your Portfolio
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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.
Conmed (CNMD)
Headquartered in Utica, N.Y., CONMED Corporation is a major medical products manufacturer specializing in surgical instruments and devices for minimally invasive procedures and monitoring. CONMED has roughly 3,600 employees and several manufacturing facilities.
CNMD boasts a Value Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Conmed are trading at a forward earnings multiple of 16.1X, as well as a PEG Ratio of 0.8, a Price/Cash Flow ratio of 10.6X, and a Price/Sales ratio of 1.6X.
Many value investors pay close attention to a company's earnings as well. For CNMD, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $3.99 per share for 2024. Per share CNMD boasts an average earnings surprise of 4.3%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding CNMD to their portfolios.
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CONMED Corporation (CNMD) : Free Stock Analysis Report