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a day ago
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Crush the Market With These 4 PEG-Efficient Value Stocks
At a time when volatility strikes almost every day, investors often rely on value investing rather than other options, such as growth or momentum. As soon as other investors start selling their stocks at a cheaper rate in times of market uncertainty, value investors take this as an opportunity to pick good stocks at a discounted price. Several stocks that have surged significantly in the recent past have shown the overwhelming success of this pure-play investment strategy. Here, we discuss four such stocks — Carnival Corporation CCL, Harmony Gold Mining HMY, Dollar Tree DLTR and Greif, Inc. GEF. However, this apparently simple value investment technique has some drawbacks and not understanding the strategy properly may often lead to 'value traps.' In such a situation, these value picks start to underperform over the long run as the temporary problems, which once drove the share price down, turn out to be persistent. There are many value investment yardsticks, such as dividend yield, P/E or P/B, which are simple and can single out whether a stock is trading at a discount. However, for investors looking to escape such value traps, it is also vital to determine where the stock would be headed in the next 12 to 24 months. Warren Buffett advises these investors to focus on the earnings growth potential of a stock. This is where lies the importance of a not-so-popular value investing metric, the PEG ratio. PEG Ratio at a Glance The PEG ratio is defined as (Price/ Earnings)/Earnings Growth Rate A low PEG ratio is always better for value investors. While P/E alone fails to identify a true value stock, PEG helps find the intrinsic value of a stock. There are some drawbacks to using the PEG ratio. It doesn't consider the very common situation of changing growth rates, such as the forecast of the first three years at a very high growth rate, followed by a sustainable but lower growth rate over the long term. Hence, PEG-based investing can turn out to be even more rewarding if some other relevant parameters are also taken into consideration. Here are some of the screening criteria for a winning strategy: PEG Ratio less than X Industry Median P/E Ratio (using F1) less than X Industry Median (for more accurate valuation purposes) Zacks Rank #1 (Strong Buy) or 2 (Buy) (Whether good market conditions or bad, stocks with a Zacks Rank #1 or 2 have a proven history of success.) Market Capitalization greater than $1 billion (This helps us to focus on companies that have strong liquidity.) Average 20-Day Volume greater than 50,000 (A substantial trading volume ensures that the stock is easily tradable.) Percentage Change F1 Earnings Estimate Revisions (4 Weeks) greater than 5% (Upward estimate revisions add to the optimism, suggesting further bullishness.) Value Score of less than or equal to B: Our research shows that stocks with a Style Score of A or B when combined with a Zacks Rank #1, 2 or 3 (Hold), offer the best upside potential. Our PEG-Driven Picks Here are four stocks that qualified the screening: Carnival: Headquartered in Miami, FL, Carnival operates as a cruise and vacation company. As a single economic entity, Carnival Corporation & Carnival plc forms the largest cruise operator in the world. It is the world's leading leisure travel firm and carries nearly half of the global cruise guests. The company operates in North America, Australia, Europe and Asia. Carnival currently has a Zacks Rank #2 and a Value Score of A. CCL also has an impressive five-year historical growth rate of 28.5%. Harmony Gold: The company is based in Randfontein, South Africa. The company conducts underground and surface gold mining. It is also engaged in related activities such as exploration, processing, smelting and refining. Harmony Gold has nine underground operations located in the Witwatersrand Basin. Apart from a discounted PEG and P/E, Harmony Gold currently has a Zacks Rank #1 and a Value Score of B. HMY has a long-term historical growth rate of 73.4%. Dollar Tree: Headquartered in Chesapeake, VA, Dollar Tree is an operator of discount variety stores offering merchandise and other assortments. Its stores successfully operate in major metropolitan areas, mid-sized cities and small towns. The company offers a wide range of quality everyday general merchandise in many categories, including housewares, seasonal goods, candy and food, toys, health and beauty care, gifts, party goods, stationery, books, personal accessories, and other consumer items. Dollar Tree has a Zacks Rank #2 and a Value Score of B. DLTR also has an impressive five-year expected growth rate of 6.7%. Greif: Delaware, OH-based Greif is a leading global producer of industrial packaging products and services with manufacturing facilities located in over 35 countries. The company offers a wide range of rigid industrial packaging products. It manufactures containerboard and corrugated products for markets such as packaging, automotive, food and building products in North America. Greif has an impressive long-term expected earnings growth rate of 9.9%. GEF currently has a Value Score of A and a Zacks Rank of 1. You can see the complete list of today's Zacks #1 Rank stocks here. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks' portfolios and strategies are available at: Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Is It Worth Investing in Carnival (CCL) Based on Wall Street's Bullish Views?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about Carnival (CCL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Carnival currently has an average brokerage recommendation (ABR) of 1.60, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 25 brokerage firms. An ABR of 1.60 approximates between Strong Buy and Buy. Of the 25 recommendations that derive the current ABR, 17 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 68% and 4% of all recommendations. Check price target & stock forecast for Carnival here>>> While the ABR calls for buying Carnival, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide. In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. In terms of earnings estimate revisions for Carnival, the Zacks Consensus Estimate for the current year has increased 7.8% over the past month to $1.96. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Carnival. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Carnival may serve as a useful guide for investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
2 days ago
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Here's Why Carnival (CCL) is a Strong Value Stock
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. 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. Founded in 1972 and headquartered in Miami, FL, Carnival operates as a cruise and vacation company. As a single economic entity, Carnival Corporation & Carnival plc forms the largest cruise operator in the world. It is the world's leading leisure travel firm and carries nearly half of the global cruise guests. The company operates in North America, Australia, Europe and Asia. CCL is a Zacks Rank #2 (Buy) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 13.3X for the current fiscal year compared to the Leisure and Recreation Services industry's P/E 20.3X. Additionally, CCL has a PEG Ratio of 0.6 and a Price/Cash Flow ratio of 6.6X. Value investors should also note CCL's Price/Sales ratio of 1.2X. A company's earnings performance is important for value investors as well. For fiscal 2025, seven analysts revised their earnings estimate higher in the last 60 days for CCL, while the Zacks Consensus Estimate has increased $0.11 to $1.96 per share. CCL also holds an average earnings surprise of 169.9%. CCL should be on investors' short list because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
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Carnival Corporation & plc Announces the Launch of New Senior Unsecured Notes Offering
MIAMI, June 30, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival plc (the "Company") commenced a private offering of new senior unsecured notes in an aggregate principal amount of €1.0 billion, expected to mature in 2031 (the "Notes"), to fully repay the borrowings under Carnival Corporation's first-priority senior secured term loan facility maturing in 2027 and to repay a portion of the borrowings under Carnival Corporation's first-priority senior secured term loan facility maturing in 2028. In addition, the indenture that will govern the Notes is expected to have investment grade-style covenants. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This press release shall not constitute an offer to sell or the solicitation of an offer to purchase the Notes or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offering, solicitation or sale would be unlawful. About Carnival Corporation & plc Carnival Corporation & plc is the largest global cruise company, and among the largest leisure travel companies, with a portfolio of world-class cruise lines - AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn. Cautionary Note Concerning Forward-Looking Statements Certain statements in this press release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the financing transactions described herein, future results, operations, outlooks, plans, goals, reputation, cash flows and liquidity and other events which have not yet occurred. Forward-looking statements reflect management's current expectations and are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Factors that could affect our results include, among others, those discussed under the caption "Risk Factors" in our most recent annual report on Form 10-K, as well as our other filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained by visiting the Investor Relations page of our website at or the SEC's website at Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View original content: SOURCE Carnival Corporation & plc Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
5 days ago
- Business
- Business Standard
Abandoned coal pits turn into fish farms, provide livelihood in Jharkhand
In the coal-mining heartland of Jharkhand, abandoned water-filled pits left behind by mining companies are being transformed into profitable fish farms, providing livelihoods for displaced communities and addressing protein shortages in rural areas. Around 1,741 such abandoned coal pits exist across Jharkhand, with many dating back to the 1980s. While coal mining companies are legally mandated to undertake scientific closure of these pits, implementation has been poor due to expensive costs involved. The Kuju Fishermen Cooperative Society, operating from the 22-acre Ara coal pit in Ramgarh district, has emerged as a success story in this transformation. Shashikant Mahto, now Secretary of Kuju Fishermen Cooperative Society, began the initiative in 2010 without proper infrastructure. "I began fish farming in the water-filled abandoned Ara coal pit without any cage. I had randomly put fish seed and harvested a good crop," Mahto said. His first catch, a 15-kg Katla fish, won him the first prize at a government 'mela' and Rs 5,000 in prize money, along with four fishing cages. The venture has scaled dramatically since then. By 2012, Mahto had installed four cages of 6x4x5 metres each and harvested 6-7 tonnes of fish. Recognising the potential, Mahto and other residents formed the Kuju Fishermen Cooperative Society. The collective approach enabled them to access central and state government schemes, including the National Mission for Protein Supplements and funding from the District Mineral Foundation Trust (DMFT). Today, 68 society members operate 126 cages across the 22-acre Ara coal pit, which falls under Central Coalfields Ltd (CCL) in Ramgarh district. The entire Rs 4-crore cage infrastructure was funded through 100 per cent government subsidy. Last year, the society produced 40 tonnes, primarily Pangasius and Monosex Tilapia from the Ara mine pit, which was sold in local markets and neighbouring Bihar. The society also operates in another 16-acre pit, abandoned since 1988, where they harvested 10 tonnes last year. However, regulatory challenges remain. "We gave our land for the mining project. We cannot start fish farming in abandoned coal mine pits without a proper NOC (No objection certificate) from the coal company," Mahto said. The district collector issued necessary clearances with state government support. Shambhu Prasad Yadav, State Deputy Director in Fisheries Department and Managing Director of Jharkhand State Fish Cooperative Federation highlighted the untapped potential. "Many abandoned coal pits of CCL are there in the district which hold water throughout the year and can be exploited for cage fish culture," he said. Current average yield from these coal pits stands at around 200 kg per hectare annually. Yadav believes cage fish culture could boost production to 10,000 kg per hectare. The success has inspired expansion across Jharkhand. Fish farming now operates in 16 abandoned coal mine pits spanning Ramgarh, Ranchi, Bokaro, and Chatra. Out of 16, three pits each are located in Ranchi, Ramgarh, Hazaribagh, and two in Bokaro and one in Chatra district. Yadav said cage fish farming is also promoted in abandoned stone pits. Currently, fish farming is undertaken in 10 stone pits in Dumka, Pakur, Palamu and Sahibganj districts. The cultivated species, Pangasius and Monosex Tilapia, are well-adapted to the water conditions in these pits, making them ideal for this form of aquaculture. On safety and quality of fish grown in coal pits, Yadav said the average depth of an abandoned pit is about 150-200 feet and farmers use boat to reach the cage for feeding and harvesting. "The state government had long back tested the water and fish quality to ascertain impact of toxic substances. The findings were positive. The only difference is that the colour of fish harvested from coal pits is darker than the one grown in reservoirs," he noted. The initiative addresses multiple challenges facing Jharkhand. Ramgarh district is landlocked, with rural populations dependent on agriculture. Most land falls under forest or mining categories, limiting livelihood options and affecting protein availability for the poor. "There are 1,741-odd coal pits in the state," Yadav said, pointing to massive expansion possibilities. While Jharkhand has formal policies and compensation mechanisms for mining-displaced families, many face inadequate rehabilitation and limited employment opportunities. The fish farming model offers a pathway to sustainable livelihoods while making productive use of abandoned mining infrastructure. By law, coal mining companies must fill or scientifically reclaim abandoned pits as part of comprehensive closure plans. However, compliance particularly for pre-2009 mines, has often been poor, leaving many pits unfilled and unreclaimed. The Jharkhand model demonstrates how communities can turn environmental liabilities into economic assets, providing a template for similar mining-affected regions across India.
