Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
NiSource (NI)
NiSource Inc., a Merrillville, IN-based energy holding company, was founded in 1912. The company, together with its subsidiaries, provides natural gas, electricity and other products and services in the United States. Its operating subsidiaries deliver energy to nearly 4 million customers in six states — Ohio, Pennsylvania, Virginia, Kentucky, Maryland and Indiana.
NI is a Zacks Rank #2 (Buy) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 15X for the current fiscal year compared to the Utility - Electric Power industry's P/E of 14.6X. Additionally, NI has a PEG Ratio of 2.1 and a Price/Cash Flow ratio of 6.3X. Value investors should also note NI's Price/Sales ratio of 2.1X.
Many value investors pay close attention to a company's earnings as well. For NI, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $1.71 per share for 2024. Per share NI boasts an average earnings surprise of 5.6%.
Investors should take the time to consider NI for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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NiSource, Inc (NI) : Free Stock Analysis Report