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Is Carriage Services (CSV) Stock Undervalued Right Now?

·2 min read

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.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of 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.

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.

One company value investors might notice is Carriage Services (CSV). CSV 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 10.90 right now. For comparison, its industry sports an average P/E of 15.70. Over the past 52 weeks, CSV's Forward P/E has been as high as 20.22 and as low as 10.25, with a median of 14.58.

We also note that CSV holds a PEG ratio of 0.73. 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 PEG compares to its industry's average PEG of 1.57. Over the last 12 months, CSV's PEG has been as high as 1.35 and as low as 0.68, with a median of 0.97.

Value investors will likely look at more than just these metrics, but the above data helps show that Carriage Services is likely undervalued currently. And when considering the strength of its earnings outlook, CSV sticks out at as one of the market's strongest value stocks.


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