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Are Investors Undervaluing Resideo Technologies (REZI) Right Now?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Resideo Technologies (REZI - Free Report) is a stock many investors are watching right now. REZI is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 11.90. This compares to its industry's average Forward P/E of 19.47. Over the last 12 months, REZI's Forward P/E has been as high as 13.58 and as low as 7.39, with a median of 9.36.
Finally, investors will want to recognize that REZI has a P/CF ratio of 10.31. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 14.19. Over the past year, REZI's P/CF has been as high as 11.25 and as low as 6.80, with a median of 8.51.
These are just a handful of the figures considered in Resideo Technologies'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 REZI is an impressive value stock right now.
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Are Investors Undervaluing Resideo Technologies (REZI) Right Now?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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.
Resideo Technologies (REZI - Free Report) is a stock many investors are watching right now. REZI is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 11.90. This compares to its industry's average Forward P/E of 19.47. Over the last 12 months, REZI's Forward P/E has been as high as 13.58 and as low as 7.39, with a median of 9.36.
Finally, investors will want to recognize that REZI has a P/CF ratio of 10.31. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 14.19. Over the past year, REZI's P/CF has been as high as 11.25 and as low as 6.80, with a median of 8.51.
These are just a handful of the figures considered in Resideo Technologies'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 REZI is an impressive value stock right now.