Yahoo Finance 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.
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
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out 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 B, and has a VGM Score of B. Compared to the Semiconductor Memory industry's P/E of 9.9X, shares of Micron are trading at a forward P/E of 9.9X. MU also has a PEG Ratio of 0.2, a Price/Cash Flow ratio of 39.5X, and a Price/Sales ratio of 4.5X.
A company's earnings performance is important for value investors as well. For fiscal 2024, one analyst revised their earnings estimate higher in the last 60 days for MU, while the Zacks Consensus Estimate has increased $0.04 to $1.20 per share. MU also holds an average earnings surprise of 73.2%.
MU should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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Micron Technology, Inc. (MU) : Free Stock Analysis Report
