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Are Investors Undervaluing Insight Enterprises (NSIT) 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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 company to watch right now is Insight Enterprises (NSIT - Free Report) . NSIT is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 12.55. This compares to its industry's average Forward P/E of 14.06. Over the past year, NSIT's Forward P/E has been as high as 19.23 and as low as 11.25, with a median of 14.82.
Another notable valuation metric for NSIT is its P/B ratio of 2.58. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 3.36. Over the past year, NSIT's P/B has been as high as 4.04 and as low as 2.30, with a median of 2.80.
Finally, investors will want to recognize that NSIT has a P/CF ratio of 16.34. 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. NSIT's current P/CF looks attractive when compared to its industry's average P/CF of 22.07. Over the past 52 weeks, NSIT's P/CF has been as high as 21.60 and as low as 14.38, with a median of 16.31.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Insight Enterprises is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NSIT feels like a great value stock at the moment.
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Are Investors Undervaluing Insight Enterprises (NSIT) 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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 company to watch right now is Insight Enterprises (NSIT - Free Report) . NSIT is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 12.55. This compares to its industry's average Forward P/E of 14.06. Over the past year, NSIT's Forward P/E has been as high as 19.23 and as low as 11.25, with a median of 14.82.
Another notable valuation metric for NSIT is its P/B ratio of 2.58. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 3.36. Over the past year, NSIT's P/B has been as high as 4.04 and as low as 2.30, with a median of 2.80.
Finally, investors will want to recognize that NSIT has a P/CF ratio of 16.34. 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. NSIT's current P/CF looks attractive when compared to its industry's average P/CF of 22.07. Over the past 52 weeks, NSIT's P/CF has been as high as 21.60 and as low as 14.38, with a median of 16.31.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Insight Enterprises is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NSIT feels like a great value stock at the moment.