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Should Value Investors Buy Navios Maritime Partners (NMM) Stock?
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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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 value investors might notice is Navios Maritime Partners (NMM - Free Report) . NMM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 3.08. This compares to its industry's average Forward P/E of 7.05. Over the past 52 weeks, NMM's Forward P/E has been as high as 3.17 and as low as 1.38, with a median of 1.97.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. NMM has a P/S ratio of 1.18. This compares to its industry's average P/S of 1.49.
Finally, investors should note that NMM has a P/CF ratio of 2.31. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. NMM's P/CF compares to its industry's average P/CF of 7.25. Within the past 12 months, NMM's P/CF has been as high as 2.36 and as low as 0.75, with a median of 1.13.
Value investors will likely look at more than just these metrics, but the above data helps show that Navios Maritime Partners is likely undervalued currently. And when considering the strength of its earnings outlook, NMM sticks out at as one of the market's strongest value stocks.
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Should Value Investors Buy Navios Maritime Partners (NMM) Stock?
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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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 value investors might notice is Navios Maritime Partners (NMM - Free Report) . NMM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 3.08. This compares to its industry's average Forward P/E of 7.05. Over the past 52 weeks, NMM's Forward P/E has been as high as 3.17 and as low as 1.38, with a median of 1.97.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. NMM has a P/S ratio of 1.18. This compares to its industry's average P/S of 1.49.
Finally, investors should note that NMM has a P/CF ratio of 2.31. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. NMM's P/CF compares to its industry's average P/CF of 7.25. Within the past 12 months, NMM's P/CF has been as high as 2.36 and as low as 0.75, with a median of 1.13.
Value investors will likely look at more than just these metrics, but the above data helps show that Navios Maritime Partners is likely undervalued currently. And when considering the strength of its earnings outlook, NMM sticks out at as one of the market's strongest value stocks.