Here's Why Merit Medical (MMSI) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
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.
Merit Medical (MMSI)
South Jordan, UT-headquartered Merit Medical Systems, Inc. provides various peripheral and cardiac intervention products to cure cardiac conditions specific to interventional cardiology and electrophysiology.
MMSI 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 22X for the current fiscal year compared to the Medical - Dental Supplies industry's P/E of 19.1X. Additionally, MMSI has a PEG Ratio of 2 and a Price/Cash Flow ratio of 15.1X. Value investors should also note MMSI's Price/Sales ratio of 3.4X.
A company's earnings performance is important for value investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for MMSI, while the Zacks Consensus Estimate has increased $0.03 to $3.31 per share. MMSI also holds an average earnings surprise of 11.2%.
Investors should take the time to consider MMSI for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Merit Medical Systems, Inc. (MMSI) : Free Stock Analysis Report
