Value investing is always a very popular strategy, and for good reason. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Avnet, Inc. AVT .
Avnet Farms in Focus
AVT may be an interesting play thanks to its forward PE of 9.81, its P/S ratio of 0.21, and its decent dividend yield 1.6%. These factors suggest that Avnet Farms is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AVT has decent revenue metrics to back up its earnings.
AVNET PE Ratio (TTM)
But before you think that Avnet Farms is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 1.4% in the past 60 days, thanks to 1 upward revision in the past two months compared to none lower.
This estimate strength is actually enough to push AVT to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. So really, Avnet Farms is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>