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Are Investors Undervaluing Synnex (SNX) Right Now?
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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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 stock to keep an eye on is Synnex (SNX - Free Report) . SNX is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 13.72. This compares to its industry's average Forward P/E of 32.71. Over the last 12 months, SNX's Forward P/E has been as high as 15.65 and as low as 5.74, with a median of 11.36.
We also note that SNX holds a PEG ratio of 1.32. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. SNX's industry has an average PEG of 3.56 right now. Within the past year, SNX's PEG has been as high as 1.67 and as low as 0.61, with a median of 1.21.
These are just a handful of the figures considered in Synnex's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that SNX is an impressive value stock right now.
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Are Investors Undervaluing Synnex (SNX) 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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 stock to keep an eye on is Synnex (SNX - Free Report) . SNX is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 13.72. This compares to its industry's average Forward P/E of 32.71. Over the last 12 months, SNX's Forward P/E has been as high as 15.65 and as low as 5.74, with a median of 11.36.
We also note that SNX holds a PEG ratio of 1.32. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. SNX's industry has an average PEG of 3.56 right now. Within the past year, SNX's PEG has been as high as 1.67 and as low as 0.61, with a median of 1.21.
These are just a handful of the figures considered in Synnex's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that SNX is an impressive value stock right now.