Why Micron (MU) is a Top Value Stock for the Long-Term
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.
Micron (MU)
Idaho-based Micron Technology has established itself as one of the leading worldwide providers of semiconductor memory solutions.
MU sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Semiconductor Memory industry's P/E of 7.4X, shares of Micron are trading at a forward P/E of 7.4X. MU also has a PEG Ratio of 0.2, a Price/Cash Flow ratio of 6.1X, and a Price/Sales ratio of 2.5X.
Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.59 to $9.54 per share. MU has an average earnings surprise of 6.6%.
Investors should take the time to consider MU 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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Micron Technology, Inc. (MU) : Free Stock Analysis Report
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