Zacks.com featured expert Kevin Matras highlights: Meritor, Lennar, RF Micro Devices, F5 Networks and AngioDynamics

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Dec 30, 2014, 09:42 ET

CHICAGO, Dec. 30, 2014 /PRNewswire/ -- Stocks in this week's article include: Meritor (NYSE: MTOR – Free Report), Lennar (NYSE: LEN – Free Report), RF Micro Devices (NASDAQ: RFMD – Free Report), F5 Networks (NASDAQ: FFIV – Free Report) and AngioDynamics (NASDAQ: ANGO – Free Report). Kevin Matras explains how to calculate a stock's price target and how to find stocks currently trading below them.

Screen of the Week written by Kevin Matras of Zacks Investment Research:

Regardless of what you think may or may not happen to the market, everyone would like to have a better understanding of what their stock's potential price target is. And that's what we're going to talk about today.

You can do this by using either technicals or fundamentals. Today, I'm going to focus on the fundamentals. And we're going to use the P/E ratio to calculate it.

Many people use P/E ratios to determine a company's perceived under or overvaluation. But you can also use the P/E ratio to determine a stock's upside and downside price targets. So, the calculation to figure out your stock's price target is…

Learn all about this strategy in the complete Screen of the Week article by visiting Zacks.com at: http://www.zacks.com/commentary/36420/

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