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Is Manning & Napier (MN) Stock Undervalued Right Now?

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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.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One stock to keep an eye on is Manning & Napier (MN). MN is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.70. This compares to its industry's average Forward P/E of 13.02. Over the past year, MN's Forward P/E has been as high as 22.83 and as low as 6.15, with a median of 9.91.

Finally, investors should note that MN has a P/CF ratio of 8.88. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. MN's current P/CF looks attractive when compared to its industry's average P/CF of 17.67. Over the past 52 weeks, MN's P/CF has been as high as 44.10 and as low as 3.02, with a median of 7.13.

These are just a handful of the figures considered in Manning & Napier's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that MN is an impressive value stock right now.


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