Is Huron Consulting Group (HURN) Stock Undervalued Right Now?

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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.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 stock to keep an eye on is Huron Consulting Group (HURN). HURN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 20.38. This compares to its industry's average Forward P/E of 25.58. Over the past year, HURN's Forward P/E has been as high as 21.35 and as low as 13.80, with a median of 16.39.Another notable valuation metric for HURN is its P/B ratio of 4.73. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. HURN's current P/B looks attractive when compared to its industry's average P/B of 7.05. Within the past 52 weeks, HURN's P/B has been as high as 4.82 and as low as 3.10, with a median of 3.81.Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. HURN has a P/S ratio of 1.73. This compares to its industry's average P/S of 1.76.Value investors will likely look at more than just these metrics, but the above data helps show that Huron Consulting Group is likely undervalued currently. And when considering the strength of its earnings outlook, HURN sticks out at as one of the market's strongest value stocks.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Huron Consulting Group Inc. (HURN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks