Investors heading into Friday's session have fresh analyst screens to parse. Zacks' value list for October 16 leads with Ultrapar Participacoes (UGP), an energy and infrastructure company carrying a Zacks Rank #1 after its current-year earnings estimate rose 7.7 per cent over the last 60 days; the stock trades at a price-to-earnings ratio of 9.39 against an industry average of 20.00.
Technology distributor ScanSource (SCSC) also holds a #1 rank, with its current-year estimate up 11.9 per cent over 60 days and a P/E of 12.36 versus 13.80 for its industry. Piedmont Realty Trust (PDM) rounds out the three, trading at a P/E of 5.78 against 12.90 for its industry, with its next-year estimate edging 0.7 per cent higher.
On the insider side, Simply Wall St's October screen of undervalued global small caps with insider buying flagged names including Timbercreek Financial, Diversified Royalty and Nexus Industrial REIT - companies where recent disclosed purchases by insiders sit alongside discounts to estimated fair value.
Disclosed insider buying and analyst estimate revisions are data points investors weigh alongside earnings, guidance and valuation; neither is a recommendation. OTMedia reports these disclosures as market news only, not as advice to buy or sell any security.
