Today, August 10, 2022, Dow Jones is trading at ~33,205, the S&P 500 at ~4,184, and Nasdaq at ~12,733. While the S&P 500 keeps climbing, there’s still uncertainty. Since you’re looking for the current best stocks to buy, you obviously aren’t very uncertain.
And you’re right not to be. There are so many undervalued stocks that are issued by stable and profitable companies. The market keeps hesitating and the abundant supply of opportunities keeps being stable.
So, we made a post to provide you with 5 undervalued stocks issued by companies with good fundamentals, and which analysts are very bullish on.
Note: Make sure that you do your own due diligence before you buy any of the following stocks mentioned.
Let’s dive in…
1. Taseko Mines Ltd (NYSE American: TGB)
Business
Taseko Mines Ltd, incorporated in 1966 and headquartered in Vancouver, Canada, is a mining company. The company explores for gold, copper niobium, silver deposits, and molybdenum.
The production and sale of metals is the company’s main operation, but it also engages in related activities, such as mine exploration and development.
Its activities are located within the province of Canada, British Columbia, and the State of Arizona in the US.
Forecast
Based on the 8 analysts’ 12-month median price target of $1.95 and the stock’s trading price, TGB now has an 89.32% upside. The highest price target is $2.38 which represents a 131.06% upside and the lowest is $1.34 which represents a 30.09% upside.
Fundamentals
| P/E ratio | 6.86x |
| P/B ratio | 0.82x |
| ROE (Last Year) | 10.17% |
| Revenue Growth (YoY) | 26.22% |
| Current Ratio | 3.25x |
| Interest Coverage | 3.35x |
| D/E ratio | 2.3x |
Source: TGB Annual Report
2. Cenovus Energy Inc (NYSE: CVE)
Business
Cenovus Energy, founded in 2009 and headquartered in Calgary, Canada, is a developer, producer, and marketer of crude oil, natural gas, and natural gas liquids.
The company produced 472 thousand barrels of oil equivalent per day on average in 2020, and it reports that it holds an estimated 6.7 billion BOE (barrel of oil equivalent) of proven and probable reserves.
Forecast
Based on the 17 analysts’ 12-month median price target of $25.86 and the stock’s trading price, CVE now has a 51.67% upside. The highest price target is $29.58 which represents a 73.48% upside and the lowest is $22.56 which represents a 32.31% upside.
Fundamentals
| P/E ratio | 8.27x |
| P/B ratio | 1.47x |
| ROE (Last Year) | 2.48% |
| Revenue Growth (YoY) | 250.8% |
| Current Ratio | 1.64x |
| Interest Coverage | 2.33x |
| D/E ratio | 1.29x |
Source: CVE Annual Report
3. Valero Energy Corp (NYSE: VLO)
Business
Valero Energy, founded in 1980 and headquartered in San Antonio, Texas, is one of the biggest manufacturers, marketers, and sellers of petrochemical products and transportation fuels in the US.
The company operates 14 refineries in the United States, the United Kingdom, and Canada with a total throughput capacity of 3.2 million barrels a day.
Valero does business via 3 segments: Refining, Renewable Diesel, and Ethanol.
Forecast
Based on the 17 analysts’ 12-month median price target of $142 and the stock’s trading price, VLO now has a 28.30938827% upside. The highest price target is $155 which represents a 40.05% upside and the lowest is $109 which represents a 1.5% downside.
Fundamentals
| P/E ratio | 6.37x |
| P/B ratio | 2.27x |
| ROE (Last Year) | 6.49% |
| Revenue Growth (YoY) | 75.58% |
| Current Ratio | 1.25x |
| Interest Coverage | 3.53x |
| D/E ratio | 1.92x |
Source: VLO Annual Report
4. Phillips 66 (NYSE: PSX)
Business
Phillips 66, founded in 1875 and is headquartered in Houston, Texas, is an energy manufacturing and logistics company.
It consists of 4 segments:
- Midstream (transporting crude oil, delivering petroleum products, providing storage and terminaling services, etc.)
- Chemicals (producing ethylene, aromatics and styrenics products, and other olefin-related products)
- Refining (creating petroleum products through the refinement of crude oil and other feedstocks)
- Marketing and Specialties (buying and reselling refined petroleum products)
Forecast
Based on the 17 analysts’ 12-month median price target of $113 and the stock’s trading price, PSX now has a 32.08% upside. The highest price target is $130 which represents a 51.95% upside and the lowest is $99.9 which represents a 16.77% upside.
Fundamentals
| P/E ratio | 7.7x |
| P/B ratio | 1.74x |
| ROE (Last Year) | 7.36% |
| Revenue Growth (YoY) | 75.36% |
| Current Ratio | 1.14x |
| Interest Coverage | 2.99x |
| D/E ratio | 1.56x |
Source: PSX Annual Report
5. Marathon Petroleum Corp (NYSE: MPC)
Business
Marathon Petroleum, founded in 1887 and headquartered in Findlay, Ohio, is an integrated downstream energy company operating primarily in the U.S.
It operates through 2 segments:
- Refining & Marketing (refining of crude oil and other feedstocks and purchasing/reselling ethanol and refined products, among other activities)
- Midstream (transporting, storing, distributing, and marketing of crude oil and refined products)
Forecast
Based on the 16 analysts’ 12-month median price target of $119 and the stock’s trading price, MPC now has a 27.46% upside. The highest price target is $132 which represents a 41.38% upside and the lowest is $94 which represents a 0.68% upside.
Fundamentals
| P/E ratio | 6.46x |
| P/B ratio | 1.82x |
| ROE (Last Year) | 33.72% |
| Revenue Growth (YoY) | 71.94% |
| Current Ratio | 1.7x |
| Interest Coverage | 3.2x |
| D/E ratio | 1.58x |
Source: MPC Annual Report
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