Boston, MA 04/07/2014 (wallstreetpr) – They say that there is a difference between a good stock and a stock which is capable of making you rich. But when you look at Remy International Inc (NASDAQ:REMY), you see a stock which is both good and capable of making investors rich. And, this is because the stock presents decent strength combination.
The stock boasts low price-earning ratio, strong outlooks and decent dividend. All of which reveal a value stock at best.
Value investors have good news in Remy is that they pay very little to enroll for big earnings, which is a rare opportunity in the auto components market. Holders of Remy stock not only end up enjoying decent dividend which comes at the year of 1.61 percent, but also gain from strong stock price performance. The consistent decent dividend is backed by growing revenue metrics, which should help to lift earnings and stock price going forward. The combination of strong outlooks, decent dividend and low PE makes Remy International Inc (NASDAQ:REMY) a decent value play, but there is more.
More than meets the eye
That Remy International Inc (NASDAQ:REMY) has a lot of value in store for investors can also be seen in the manner analyst are estimating earnings for the company. There have been solid activities regarding earnings estimate for the company. In the past 30 days, the stock received one upward earnings revision, against no downward revision. That resulted in consensus earnings estimate going up by 4.62 percent in the past one month.
Investor takeaway
The strength in earnings estimate suggests that Remy International Inc (NASDAQ:REMY) is poised to outperform. Generally, the stock looks strong from a number of positions, no wonder it carries Zacks “strong buy” recommendation.
All said and done, Remy International Inc (NASDAQ:REMY) is currently a compelling choice for value investors.
Shares jumped to a new 52-week high Friday, on the back of above average volume and managed to close almost 2 percent high.
