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.
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.
One company value investors might notice is Angi (ANGI). ANGI is currently sporting a Zacks Rank #1 (Strong Buy) and an A for Value. The stock holds a P/E ratio of 10.4, while its industry has an average P/E of 15.13. Over the past year, ANGI's Forward P/E has been as high as 64.53 and as low as 9.92, with a median of 18.22.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Angi is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ANGI feels like a great value stock at the moment.
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Angi Inc. (ANGI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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