Is Perrigo (PRGO) Stock Undervalued Right Now?

Group 1 - The Zacks Rank system focuses on earnings estimates and revisions to identify winning stocks, while also considering trends in value, growth, and momentum [1][2] - Value investing is a preferred strategy for finding strong stocks, relying on traditional analysis of key valuation metrics to identify undervalued stocks [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the "Value" category, where stocks with "A" grades and high Zacks Ranks are considered strong value stocks [3] Group 2 - Perrigo (PRGO) is highlighted as a potential value investment, currently holding a Zacks Rank of 2 (Buy) and an A grade for Value [4] - PRGO has a Forward P/E ratio of 8.77, significantly lower than the industry average of 22.45, with its Forward P/E ranging from a high of 10.68 to a low of 7.66 over the past year [4] - The P/S ratio for PRGO is 0.87, compared to the industry's average P/S of 1.38, indicating that PRGO may be undervalued [5] - Overall, PRGO stands out as one of the market's strongest value stocks, supported by its earnings outlook and valuation metrics [6]