Yesterday, August 18, 2022, Dow Jones closed at ~33,980, the S&P 500 at ~4,274, and Nasdaq at ~12,938. The markets closed in the red as uncertainty is still the primary status. However, there are decent investment opportunities for the keen investor…
Today, we found 5 great stocks to buy now if you’re looking for undervalued but good stocks to add to your portfolio.
Note: Make sure that you do your own due diligence before you buy any of the following stocks mentioned.
Let’s get started…
Tronox Holdings PLC (NYSE: TROX)
Business
Tronox Holdings PLC, based in Stamford, Connecticut, is a manufacturer of soda ash titanium dioxide mineral.
Its only segment, TiO2, is engaged in mining mineral sand deposits, as well as TiO2 and titanium feedstock.
The company has three pigment production facilities in the US, Western Australia, and the Netherlands, as well as three mining operations in South Africa and Western Australia.
Forecast
Based on the 9 analysts’ 12-month median price target of $25 and the stock’s trading price, TROX now has a 58.23% upside. The highest price target is $30 which represents a 89.87% upside and the lowest is $20 which represents a 26.58% upside.
Fundamentals
| P/E ratio | 4.29x |
| P/B ratio | 1.19x |
| ROE (Last Year) | 14.84% |
| Revenue Growth (YoY) | 29.51% |
| Current Ratio | 2.49x |
| Interest Coverage | 3.68x |
| D/E ratio | 1.93x |
Source: TROX Annual Report
Andersons Inc (NASDAQ: ANDE)
Business
Andersons Inc, founded in 1947 and based in Maumee, Ohio, is an agriculture company that operates in North America.
It does business through 3 segments:
- Trade (operating grain elevators, trading grains and fuel, and space leasing)
- Renewables (trading corn oil and ethanol, providing facility operations, and investing in ethanol plants)
- Plant Nutrient (manufacturing, distributing, and selling fertilizer and plant nutrients)
Forecast
Based on the 4 analysts’ 12-month median price target of $37.72 and the stock’s trading price, ANDE now has a 39.18% upside. The highest price target is $60 which represents a 59.07% upside and the lowest is $45 which represents a 19.30% upside.
Fundamentals
| P/E ratio | 9.72x |
| P/B ratio | 0.98x |
| ROE (Last Year) | 10.39% |
| Revenue Growth (YoY) | 56.39% |
| EPS Growth (YoY) | 1234.78% |
| Current Ratio | 1.37x |
| Interest Coverage | 4.31x |
| D/E ratio | 2.49x |
Source: ANDE Annual Report
ConocoPhillips (NYSE: COP)
Business
ConocoPhillips, founded in 1917 and headquartered in Houston, Texas, is an independent exploration and production company.
More specifically, it’s a producer, transporter, and marketer of crude oil, natural gas, bitumen, etc.
In 2021, ConocoPhillips produced 1M barrels / day of oil and natural gas liquids. In addition, it produced 3.2B cubic feet / day of natural gas.
Forecast
Based on the 25 analysts’ 12-month median price target of $124 and the stock’s trading price, RLGT now has a 22.95% upside. The highest price target is $165 which represents a 63.61% upside and the lowest is $99 which represents a 1.83% downside.
Fundamentals
| P/E ratio | 8.32x |
| P/B ratio | 2.87x |
| ROE (Last Year) | 17.79% |
| Revenue Growth (YoY) | 151.09% |
| Current Ratio | 1.34x |
| Interest Coverage | 15.47x |
| D/E ratio | 1x |
Source: COP Annual Report
HF Sinclair Corp (NYSE: DINO)
Business
HF Sinclair, incorporated in 2021 and headquartered in Dallas, Texas, is an independent petroleum refiner.
More specifically, the company has seven operating refineries, serving the midcontinent, Pacific Northwest, Rockies, and Southwest. with a 678,000 barrels / day crude oil throughput capacity.
HF Sinclair also holds a marketing business with over 1,300 wholesale branded sites and 300 distributors across 30 states.
Forecast
Based on the 13 analysts’ 12-month median price target of $60 and the stock’s trading price, DINO now has a 15.36% upside. The highest price target is $67 which represents a 28.82% upside and the lowest is $40 which represents a 23.09% downside.
Fundamentals
| P/E ratio | 6.13x |
| P/B ratio | 1.98x |
| ROE (Last Year) | 11.66% |
| Revenue Growth (YoY) | 64.43% |
| Current Ratio | 1.82x |
| Interest Coverage | 6.12x |
| D/E ratio | 1.16x |
Source: HAYW Annual Report
Trinseo PLC (NYSE: TSE)
Business
Trinseo PLC, founded in 1947 and based in Maumee, Ohio, is a manufacturer of plastic and latex products and a leading global materials company.
The company does business through six segments:
- Engineered Materials
- Latex Binders
- Base Plastics
- Polystyrene
- Feedstocks
- Americas Styrenics
The Base Plastics segment contributes to the majority of sales. Geographically, Europe accounts for most of the revenue the company generates.
Forecast
Based on the 8 analysts’ 12-month median price target of $35.5 and the stock’s trading price, TSE now has a 12.24% upside. The highest price target is $70 which represents a 121.31% upside and the lowest is $34 which represents a 7.49% upside.
Fundamentals
| P/E ratio | 9.72x |
| P/B ratio | 0.98x |
| ROE (Last Year) | 10.39% |
| Revenue Growth (YoY) | 56.39% |
| EPS Growth (YoY) | 1234.78% |
| Current Ratio | 1.37x |
| Interest Coverage | 4.31x |
| D/E ratio | 2.49x |
Source: TSE Annual Report
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Meta:
If you’re looking for 5 great stocks to buy now, you’re in the right place. We found 5 undervalued stocks that are issued by strong and profitable corporations.
