Here's Why Globus Medical (GMED) is a Strong Value Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Globus Medical (GMED)
Audubon, PA-based Globus Medical, Inc. is a medical device company that develops and commercializes healthcare solutions for patients with musculoskeletal disorders. The company currently has its sales operations distributed across 51 counties worldwide.
GMED 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 21X for the current fiscal year compared to the Medical - Instruments industry's P/E of 27.5X. Additionally, GMED has a PEG Ratio of 1.7 and a Price/Cash Flow ratio of 15.7X. Value investors should also note GMED's Price/Sales ratio of 4.9X.
Many value investors pay close attention to a company's earnings as well. For GMED, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $2.67 per share for 2024. Per share GMED boasts an average earnings surprise of 4%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding GMED to their portfolios.
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Globus Medical, Inc. (GMED) : Free Stock Analysis Report
