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Is Carriage Services (CSV) a Great Value Stock Right Now?

·2 min read

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is Carriage Services (CSV). CSV is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 13.30, while its industry has an average P/E of 16.33. Over the past 52 weeks, CSV's Forward P/E has been as high as 20.22 and as low as 12.83, with a median of 14.75.

CSV is also sporting a PEG ratio of 0.89. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. CSV's industry currently sports an average PEG of 1.63. CSV's PEG has been as high as 1.35 and as low as 0.86, with a median of 0.98, all within the past year.

These are just a handful of the figures considered in Carriage Services's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that CSV is an impressive value stock right now.


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Zacks Investment Research