We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Investors Undervaluing NN Group (NNGRY) Right Now?
Read MoreHide Full Article
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is NN Group (NNGRY - Free Report) . NNGRY is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 4.29 right now. For comparison, its industry sports an average P/E of 6.35. Over the past 52 weeks, NNGRY's Forward P/E has been as high as 9.39 and as low as 4.29, with a median of 8.13.
Investors will also notice that NNGRY has a PEG ratio of 0.33. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. NNGRY's PEG compares to its industry's average PEG of 0.61. Over the last 12 months, NNGRY's PEG has been as high as 5.13 and as low as 0.22, with a median of 3.81.
These figures are just a handful of the metrics value investors tend to look at, but they help show that NN Group is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NNGRY feels like a great value stock at the moment.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Investors Undervaluing NN Group (NNGRY) Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is NN Group (NNGRY - Free Report) . NNGRY is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 4.29 right now. For comparison, its industry sports an average P/E of 6.35. Over the past 52 weeks, NNGRY's Forward P/E has been as high as 9.39 and as low as 4.29, with a median of 8.13.
Investors will also notice that NNGRY has a PEG ratio of 0.33. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. NNGRY's PEG compares to its industry's average PEG of 0.61. Over the last 12 months, NNGRY's PEG has been as high as 5.13 and as low as 0.22, with a median of 3.81.
These figures are just a handful of the metrics value investors tend to look at, but they help show that NN Group is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NNGRY feels like a great value stock at the moment.