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Is Conduent (CNDT) a Great Value Stock Right Now?

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company to watch right now is Conduent (CNDT - Free Report) . CNDT is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 8.71 right now. For comparison, its industry sports an average P/E of 22.88. Over the last 12 months, CNDT's Forward P/E has been as high as 16.45 and as low as 2.91, with a median of 7.33.

Finally, investors should note that CNDT has a P/CF ratio of 2.69. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 10.12. CNDT's P/CF has been as high as 2.96 and as low as 0.67, with a median of 1.77, all within the past year.

These are just a handful of the figures considered in Conduent's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that CNDT is an impressive value stock right now.


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