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Should Value Investors Buy Johnson Matthey (JMPLY) Stock?
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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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Johnson Matthey (JMPLY - Free Report) . JMPLY is currently sporting a Zacks Rank #1 (Strong Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 13.17, which compares to its industry's average of 18.29. Over the past year, JMPLY's Forward P/E has been as high as 13.44 and as low as 6.77, with a median of 8.63.
These are only a few of the key metrics included in Johnson Matthey's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, JMPLY looks like an impressive value stock at the moment.
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Should Value Investors Buy Johnson Matthey (JMPLY) Stock?
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.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Johnson Matthey (JMPLY - Free Report) . JMPLY is currently sporting a Zacks Rank #1 (Strong Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 13.17, which compares to its industry's average of 18.29. Over the past year, JMPLY's Forward P/E has been as high as 13.44 and as low as 6.77, with a median of 8.63.
These are only a few of the key metrics included in Johnson Matthey's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, JMPLY looks like an impressive value stock at the moment.