We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Should Value Investors Buy Concentrix (CNXC) Stock?
Read MoreHide Full Article
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 use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 Concentrix (CNXC - Free Report) . CNXC is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 4.71. This compares to its industry's average Forward P/E of 13.05. Over the past year, CNXC's Forward P/E has been as high as 5.64 and as low as 3.16, with a median of 4.16.
CNXC is also sporting a PEG ratio of 0.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CNXC's industry has an average PEG of 1.36 right now. Within the past year, CNXC's PEG has been as high as 0.71 and as low as 0.44, with a median of 0.57.
Finally, investors will want to recognize that CNXC has a P/CF ratio of 4.05. 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. CNXC's current P/CF looks attractive when compared to its industry's average P/CF of 9.42. Within the past 12 months, CNXC's P/CF has been as high as 4.50 and as low as 2.60, with a median of 3.31.
These are only a few of the key metrics included in Concentrix'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, CNXC looks like an impressive value stock at the moment.
View the Zacks #1 Rank List
Image: Bigstock
Should Value Investors Buy Concentrix (CNXC) Stock?
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 use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 Concentrix (CNXC - Free Report) . CNXC is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 4.71. This compares to its industry's average Forward P/E of 13.05. Over the past year, CNXC's Forward P/E has been as high as 5.64 and as low as 3.16, with a median of 4.16.
CNXC is also sporting a PEG ratio of 0.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CNXC's industry has an average PEG of 1.36 right now. Within the past year, CNXC's PEG has been as high as 0.71 and as low as 0.44, with a median of 0.57.
Finally, investors will want to recognize that CNXC has a P/CF ratio of 4.05. 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. CNXC's current P/CF looks attractive when compared to its industry's average P/CF of 9.42. Within the past 12 months, CNXC's P/CF has been as high as 4.50 and as low as 2.60, with a median of 3.31.
These are only a few of the key metrics included in Concentrix'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, CNXC looks like an impressive value stock at the moment.