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Why Nexa Resources (NEXA) is Such a Great Value Stock Pick Right Now
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Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Nexa Resources S.A. (NEXA - Free Report) .
Nexa Resources in Focus
NEXA may be an interesting play thanks to its forward PE of 5.5, its P/S ratio of 0.6, and its decent dividend yield of 2.9%. These factors suggest that Nexa Resources is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that NEXA has decent revenue metrics to back up its earnings.
But before you think that Nexa Resources is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 12.4% in the past 60 days, thanks to three upward revisions in the past two months compared to one lower.
So really, Nexa Resources is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
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Why Nexa Resources (NEXA) is Such a Great Value Stock Pick Right Now
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Nexa Resources S.A. (NEXA - Free Report) .
Nexa Resources in Focus
NEXA may be an interesting play thanks to its forward PE of 5.5, its P/S ratio of 0.6, and its decent dividend yield of 2.9%. These factors suggest that Nexa Resources is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that NEXA has decent revenue metrics to back up its earnings.
Nexa Resources S.A. PE Ratio (TTM)
Nexa Resources S.A. pe-ratio-ttm | Nexa Resources S.A. Quote
But before you think that Nexa Resources is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 12.4% in the past 60 days, thanks to three upward revisions in the past two months compared to one lower.
This estimate strength is actually enough to push NEXA to a Zacks Rank #1(Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.
So really, Nexa Resources is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>