August 10, 2016

VALUATION WATCH: Overvalued stocks now make up 47.17% of our stocks assigned a valuation and 15.24% of those equities are calculated to be overvalued by 20% or more. Six sectors are calculated to be overvalued.

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In The Pipe

Boardwalk Pipelines Tops ValuEngine Strong Buy Search

ValuEngine tracks more than 7000 US equities, ADRs, and foreign stock which trade on US exchanges as well as @1000 Canadian equities.  When EPS estimates are available for a given equity, our model calculates a level of mispricing or valuation percentage for that equity based on earnings estimates and what the stock should be worth if the market were totally rational and efficient--an academic exercise to be sure, but one which allows for useful comparisons between equities, sectors, and industries. Using our Valuation Model, we can currently assign a VE valuation calculation to more than 2800 stocks in our US Universe.

We combine all of the equities with a valuation calculation to track market valuation figures and use them as a metric for making calls about the overall state of the market.  Two factors can lower these figures-- a market pullback, or a significant rise in EPS estimates.

We also use trading data to provide forecast estimates for a variety of time horizons for almost ever equity in our database. Our Buy/Sell/Hold recommendations are based upon the 1-year forecast return figure. Using valuation and forecast figures, you can rank and rate our covered stocks against each other, to find out, in an objective and systematic way, the most attractive investment targets based on your own risk/reward parameters. We re-calculate the entire database every trading day, so you are assured that every proprietary valuation and forecast datapoint is as up-to-date as possible.

So, for today's bulletin we used our website's advanced screening functions to search for the top-rated STRONG BUY US stock with valuation data that meets minimum liquidity requirements. We have a fairly consistent Strong Buy list, and we have covered other leaders--AeroCentury and Weight Watchers--recently. So today we look at the next stock in line, Boardwalk Pipeline Partners (BWP)

Boardwalk Pipeline Partners LP is a master limited partnership engaged through its subsidiaries, Texas Gas Transmission, LLC and Gulf South Pipeline Company, LP, in the interstate transportation and storage of natural gas.

ValuEngine continues its STRONG BUY recommendation on BOARDWALK PIPLN for 2016-08-09. Based on the information we have gathered and our resulting research, we feel that BOARDWALK PIPLN has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and Company Size.

You can download a free copy of detailed report on Boardwalk Pipeline Partners from the link below.

ValuEngine Forecast
	Target Price*	Expected Return
1-Month	16.97	1.23%
3-Month	16.91	0.92%
6-Month	16.75	-0.04%
1-Year	19.24	14.77%
2-Year	13.99	-16.55%
3-Year	10.31	-38.47%

Valuation & Rankings
Valuation	24.10% undervalued	Valuation Rank(?)	82
1-M Forecast Return	1.23%	1-M Forecast Return Rank	100
12-M Return	25.54%	Momentum Rank(?)	84
Sharpe Ratio	-0.26	Sharpe Ratio Rank(?)	35
5-Y Avg Annual Return	-10.65%	5-Y Avg Annual Rtn Rank	35
Volatility	41.23%	Volatility Rank(?)	44
Expected EPS Growth	11.96%	EPS Growth Rank(?)	46
Market Cap (billions)	4.08	Size Rank	82
Trailing P/E Ratio	15.42	Trailing P/E Rank(?)	75
Forward P/E Ratio	13.78	Forward P/E Ratio Rank	64
PEG Ratio	1.29	PEG Ratio Rank	36
Price/Sales	3.21	Price/Sales Rank(?)	31
Market/Book	0.97	Market/Book Rank(?)	78
Beta	0.73	Beta Rank	59
Alpha	0.16	Alpha Rank	81

DOWNLOAD A FREE SAMPLE OF OUR WEIGHT WATCHERS (WTW) REPORT BY CLICKING HERE

ValuEngine Market Overview

ValuEngine Sector Overview