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Are Investors Undervaluing Kelly Services (KELYA) Right Now?
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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.
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 Kelly Services (KELYA - Free Report) . KELYA is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. KELYA has a P/S ratio of 0.16. This compares to its industry's average P/S of 0.35.
Finally, our model also underscores that KELYA has a P/CF ratio of 7.12. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 12.25. Over the past 52 weeks, KELYA's P/CF has been as high as 10.34 and as low as 6.32, with a median of 7.95.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Kelly Services is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, KELYA feels like a great value stock at the moment.
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Are Investors Undervaluing Kelly Services (KELYA) 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.
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 Kelly Services (KELYA - Free Report) . KELYA is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. KELYA has a P/S ratio of 0.16. This compares to its industry's average P/S of 0.35.
Finally, our model also underscores that KELYA has a P/CF ratio of 7.12. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 12.25. Over the past 52 weeks, KELYA's P/CF has been as high as 10.34 and as low as 6.32, with a median of 7.95.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Kelly Services is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, KELYA feels like a great value stock at the moment.