Today, May 19, 2022, Dow Jones is trading at ~31,097, the S&P 500 at ~3,825, and Nasdaq at ~11,127. With market uncertainty being the prevalent status, keen investors rightly ask: “what are the 10 best stock buys now?”
To answer this, we searched for cheap stocks issued by stable and profitable businesses having great upsides assigned to them by Wall Street.
And we found the 10 best of them…
1. Shoe Carnival Inc (NASDAQ: SCVL)
Business
Shoe Carnival Inc, founded in 1978 and headquartered in Evansville, Indiana, is a footwear retailer with hundreds of stores in the US. It offers moderately priced casual and athletic footwear for men, women, and children.
The company minimizes the requirement of staff by keeping all merchandise on the selling floor and leasing store locations in open-air shopping centers.
Forecast
Based on the 3 analysts’ 12-month median price target of $47 and the stock’s trading price, SCVL now has a 121.07% upside. The highest price target is $55 which represents a 158.70% upside and the lowest is $40 which represents a 34.22% upside.
Fundamentals
| P/E ratio | 3.92x |
| P/B ratio | 1.39x |
| ROE | 34.2% |
| Revenue Growth | 36.20% |
| EPS Growth | 867.85% |
| Current Ratio | 2.87x |
| Interest Coverage | 8652.25x |
| D/E ratio | 0.79x |
Source: SCVL Annual Report
2. Bluelinx Holdings Inc (NYSE: BXC)
Business
BlueLinx Holdings Inc, founded in 2004 and headquartered in Atlanta, Georgia, is engaged in the wholesale distribution of building and industrial products.
Its business products are split into two categories: structural (lumber, engineered wood, millwork, etc.) and specialty products.
Forecast
Based on the 4 analysts’ 12-month median price target of $131 and the stock’s trading price, BXC now has an 89.36% upside. The highest price target is $138 which represents a 99.47% upside and the lowest is $125 which represents an 80.68% upside.
Fundamentals
| P/E ratio | 2.3x |
| P/B ratio | 1.85x |
| ROE | 81.52% |
| Revenue Growth | 38.09% |
| EPS Growth | 250.76% |
| Current Ratio | 3.87x |
| Interest Coverage | 9.62x |
| D/E ratio | 2.62x |
Source: BXC Annual Report
3. Alcoa Corp (NYSE: AA)
Business
Alcoa, founded in 1888 and headquartered in Pittsburgh, Pennsylvania, is the world’s eighth-largest producer of aluminum whose operations include alumina refining, bauxite mining, and primary aluminum manufacturing.
In May 2007, in an attempt to form the world’s largest aluminum producer, the company made a US$27 billion hostile takeover bid for Alcan.
Forecast
Based on the 12 analysts’ 12-month median price target of $83 and the stock’s trading price, AA now has a 99.32% upside. The highest price target is $106 which represents a 154.56% upside and the lowest is $54 which represents a 29.68% upside.
Fundamentals
| P/E ratio | 19.82x |
| P/B ratio | 1.35x |
| ROE | 6.82% |
| Revenue Growth | 30.86% |
| Current Ratio | 1.55x |
| Interest Coverage | 4.86x |
| D/E ratio | 1.39x |
Source: AA Annual Report
4. Cleveland-Cliffs Inc (NYSE: CLF)
Business
Cleveland-Cliffs Inc, founded in 1847 and headquartered at 200 Public Square, Cleveland, is the largest flat-rolled steel producer in North America and a manufacturer of iron ore pellets.
The company serves a diverse range of markets because of its supplying of steel to the automotive industry and comprehensive offering of flat-rolled steel products in North America.
Forecast
Based on the 8 analysts’ 12-month median price target of $28.5 and the stock’s trading price, CLF now has a 90.25% upside. The highest price target is $47 which represents a 213.75% upside and the lowest is $20 which represents a 33.51% upside.
Fundamentals
| P/E ratio | 2.8x |
| P/B ratio | 1.36x |
| ROE | 51.74% |
| Revenue Growth | 281.84% |
| Current Ratio | 2.14% |
| Interest Coverage | 11.9x |
| D/E ratio | 2.28x |
Source: CLF Annual Report
5. Titan Machinery Inc (NASDAQ: TITN)
Business
Titan Machinery Inc, founded in 1980 and headquartered in West Fargo, North Dakota, is an agricultural and construction equipment provider in the United States and Europe.
More precisely, the company repairs and sells agricultural equipment, including machinery and attachments for home and gardening purposes, as well as for large-scale farming.
Forecast
Based on the 3 analysts’ 12-month median price target of $40 and the stock’s trading price, TITN now has an 80.75% upside. The highest price target is $41 which represents an 85.26% upside and the lowest is $32 which represents a 44.6% upside.
Fundamentals
| P/E ratio | 7.78x |
| P/B ratio | 1.16x |
| ROE | 15.17% |
| Revenue Growth | 21.3% |
| EPS Growth | 239.53% |
| Current Ratio | 1.84x |
| Interest Coverage | 15.78x |
| D/E ratio | 1.17x |
Source: TITL Annual Report
6. Amkor Technology Inc (NASDAQ: AMKR)
Business
Amkor Technology Inc, founded in 1968 and headquartered in Tempe, Arizona, is a semiconductor product packaging and test services provider.
The firm’s products are split into two categories:
- Advanced products (including flip chip, wafer-level processing, and testing services)
- Mainstream products (including wirebond packaging and testing)
Forecast
Based on the 2 analysts’ 12-month median price target of $25.75 and the stock’s trading price, AMKR now has a 71.78% upside. The highest price target is $30 which represents a 100.13% upside and the lowest is $21.5 which represents a 43.42% upside.
Fundamentals
| P/E ratio | 5.88x |
| P/B ratio | 1.27x |
| ROE | 21.63% |
| Revenue Growth | 21.53% |
| EPS Growth | 87.14% |
| Current Ratio | 1.7x |
| Interest Coverage | 14.82x |
| D/E ratio | 1.03x |
Source: AMKR Annual Report
7. Genesco Inc (NYSE: GCO)
Business
Genesco Inc, founded in 1924 and headquartered in Nashville, Tennessee, is an American publicly owned specialty retailer of footwear, headwear, sports apparel, and accessories.
In June 2011, the company acquired Schuh (a U.K. retail chain and web business) which provided them with an already well-established grounding in a market outside of the United States.
Forecast
Based on the 3 analysts’ 12-month median price target of $82 and the stock’s trading price, GCO now has a 61.54% upside. The highest price target is $83 which represents a 63.51% upside and the lowest is $64 which represents a 26.08% upside.
Fundamentals
| P/E ratio | 6.25x |
| P/B ratio | 1.19x |
| ROE | 19.06% |
| Revenue Growth | 35.57% |
| Current Ratio | 1.64x |
| Interest Coverage | 48.15x |
| D/E ratio | 1.59x |
Source: GCO Annual Report
8. Heritage-Crystal Clean Inc (NASDAQ: HCCI)
Business
Heritage-Crystal Clean Inc, founded in 2007 and headquartered in Elgin, Illinois, is a leading provider of used oil re-refining, parts cleaning, and hazardous and non-hazardous waste services.
It does business through 2 segments:
- Environmental Services (parts cleaning, vacuum truck, containerized waste management, and antifreeze recycling services)
- Oil Business (collecting used oil, selling recycled fuel oil, and engaging in the re-refining of used oil into lubricant base oil and by-products).
Forecast
Based on the 5 analysts’ 12-month median price target of $39 and the stock’s trading price, HCCI now has a 46.61% upside. The highest price target is $42 which represents a 57.89% upside and the lowest is $36 which represents a 35.33% upside.
Fundamentals
| P/E ratio | 10.47x |
| P/B ratio | 1.86x |
| ROE | 17.81% |
| Revenue Growth | 26.94% |
| EPS Growth | 407.84% |
| Current Ratio | 1.83x |
| Interest Coverage | 88.95x |
| D/E ratio | 0.54x |
Source: HCCI Annual Report
9. Movado Group Inc (NYSE: MOV)
Business
Movado Group Inc, founded in 1881 and headquartered in Paramus, New Jersey, is an American luxury watchmaker.
It operates its business through 2 segments:
- Watch and Accessory Brands (designing, manufacturing, and distribution of watches of quality owned brands and licensed brands)
- Company Stores (retail outlet locations in the United States and Canada)
Forecast
Based on 1 analyst’s 12-month price target of $43 and the stock’s trading price, MOV now has a 39.29% upside.
Fundamentals
| P/E ratio | 8.018x |
| P/B ratio | 1.54x |
| ROE | 19.29% |
| Revenue Growth | 44.62% |
| Current Ratio | 3.65x |
| Interest Coverage | 171.54x |
| D/E ratio | 0.59x |
Source: MOV Annual Report
10. United States Steel Corp (NYSE: X)
Business
United States Steel Corp, founded in 1901 and headquartered in U.S. Steel Tower
Pittsburgh, is an American steel producer, operating primarily in the US and in several countries across Central Europe.
The company’s segments are:
- North American Flat-Rolled
- Mini Mill
- S. Steel Europe
- Tubular Products
Forecast
Based on the 9 analysts’ 12-month median price target of $24 and the stock’s trading price, X now has a 42.94% upside. The highest price target is $140 which represents a 162.06% upside and the lowest is $20 which represents a 19.11% upside.
Fundamentals
| P/E ratio | 1.2x |
| P/B ratio | 0.05x |
| ROE | 45.85% |
| Revenue Growth | 116.36% |
| Current Ratio | 1.856697819 |
| Interest Coverage | 15.80x |
| D/E ratio | 0.95x |
Source: X Annual Report
