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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 stock to keep an eye on is New Residential Investment . NRZ is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 6.39. This compares to its industry's average Forward P/E of 10.07. Over the past year, NRZ's Forward P/E has been as high as 12.97 and as low as 1.56, with a median of 6.97.
Investors should also recognize that NRZ has a P/B ratio of 0.74. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. NRZ's current P/B looks attractive when compared to its industry's average P/B of 1.31. Over the past 12 months, NRZ's P/B has been as high as 1.08 and as low as 0.28, with a median of 0.93.
These figures are just a handful of the metrics value investors tend to look at, but they help show that New Residential Investment is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NRZ feels like a great value stock at the moment.
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Is New Residential Investment (NRZ) a Great Value Stock Right Now?
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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. 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 stock to keep an eye on is New Residential Investment . NRZ is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 6.39. This compares to its industry's average Forward P/E of 10.07. Over the past year, NRZ's Forward P/E has been as high as 12.97 and as low as 1.56, with a median of 6.97.
Investors should also recognize that NRZ has a P/B ratio of 0.74. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. NRZ's current P/B looks attractive when compared to its industry's average P/B of 1.31. Over the past 12 months, NRZ's P/B has been as high as 1.08 and as low as 0.28, with a median of 0.93.
These figures are just a handful of the metrics value investors tend to look at, but they help show that New Residential Investment is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NRZ feels like a great value stock at the moment.