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Is Navios Maritime Partners LP (NMM) Stock Undervalued Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Navios Maritime Partners LP (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 2.66. This compares to its industry's average Forward P/E of 6.86. Over the past 52 weeks, NMM's Forward P/E has been as high as 11.57 and as low as 0.90, with a median of 3.02.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. NMM has a P/S ratio of 0.43. This compares to its industry's average P/S of 0.64.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Navios Maritime Partners LP is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NMM feels like a great value stock at the moment.
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Is Navios Maritime Partners LP (NMM) Stock Undervalued Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Navios Maritime Partners LP (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 2.66. This compares to its industry's average Forward P/E of 6.86. Over the past 52 weeks, NMM's Forward P/E has been as high as 11.57 and as low as 0.90, with a median of 3.02.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. NMM has a P/S ratio of 0.43. This compares to its industry's average P/S of 0.64.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Navios Maritime Partners LP is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NMM feels like a great value stock at the moment.