While the proven Zacks ranking focuses on profit estimates and valuation revisions to find solid stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking for trends in value, growth and momentum to discover great companies.
Given these trends, value investing is clearly one of the most preferred ways to find solid stocks in any type of market. Value investors use fundamental analysis and traditional valuation measures to find stocks that they believe are undervalued by the market as a whole.
Fortunately, Zacks has developed its own Style Scores system in order to find actions with specific traits. Value investors will be interested in the “Value” category of the system. The stocks with both “A” ratings in the value category and high Zacks ranks are among the highest value stocks on the market today.
Sony (SNE) is a company to watch at the moment. SNE currently has a Zacks rank of # 2 (buy) and an A for value. The stock trades with a P / E ratio of 13.51, which compares to its industry average of 16.56. In the past 52 weeks, the P / E before SNE has reached 16.05 and 6.87, with a median of 14.07.
These are just a few of the numbers taken into account in Sony’s Great Value category. However, they do help show that the stock is probably undervalued at the moment. Add to that the solidity of its earnings outlook, and we can clearly see that SNE is an impressive stock of value right now.
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Sony Corporation (SNE): Free Stock Analysis Report
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Sony Corporation (SNE): Free Stock Analysis Report
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