Today, July 8, 2022, Dow Jones is trading at ~31,407, the S&P 500 at ~3,903, and Nasdaq at ~
11,631. The market seems to have stabilized for now. This may be a great time for investors to ask: “what are the best stocks to invest in for long term growth?”
Here, at BigStocks.io, we have an answer. Based on bullish forecasts and great upsides we found 7 stocks issued by large companies with solid fundamentals
Let’s have a look…
1. Shell PLC (NYSE: SHEL)
Business
Shell, founded in 1879 and headquartered in San Ramon, California, is an American multinational energy corporation that explores for, produces, and refines oil around the world.
In 2021, the company produced 8.7 billion cubic feet of natural gas and 1.7 million barrels of liquids per day.
At year-end 2021, reserves were at 9.2 billion barrels of oil equivalent (50% of which was liquids)
Shell’s production and reserves are in Europe, Oceania, Africa, Asia, and North and South America.
Forecast
Based on the 12 analysts’ 12-month median price target of $70 and the stock’s trading price, SHEL now has a 42.33% upside. The highest price target is $88 which represents a 78.93% upside and the lowest is $60 which represents a 22% upside.
Fundamentals
| P/E ratio | 19.13x |
| P/B ratio | 2.18×9 |
| ROE (Last Year) | 11.46% |
| Revenue Growth (YoY) | 44.84% |
| Current Ratio | 1.34x |
| Interest Coverage | 9.26x |
| D/E ratio | 1.3x |
Source: SHEL Annual Report
2. Tenaris SA (NYSE: TS)
Business
Tenaris, founded in 2001 and headquartered in Luxembourg City, is one of the biggest producers of OCTG (oil country tubular goods) products globally (used in the construction of gas and oil wells).
The corporation’s facilities are in the US, Mexico, Argentina, and Italy.
The products it offers are among the most trusted by oil companies.
Forecast
Based on the 19 analysts’ 12-month median price target of $35.75 and the stock’s trading price, TS now has a 37.97% upside. The highest price target is $46 which represents a 77.53% upside and the lowest is $18.73 which represents a 27.71% downside.
Fundamentals
| P/E ratio | 13.93x |
| P/B ratio | 2.52x |
| ROE (Last Year) | 8.7% |
| Revenue Growth (YoY) | 26.7% |
| Current Ratio | 3.19x |
| Interest Coverage | 31.48x |
| D/E ratio | 0.19x |
Source: TS Annual Report
3. Coterra Energy Inc (NYSE: CTRA)
Business
Coterra, founded in 1989 and headquartered in Houston, Texas, is an exploration and production corporation focused on hydrocarbon exploration (operating in Appalachia and the Permian Basin).
The company is the result of the merger with Cimarex and Cabot in 2021.
In the same year, Coterra had reserves that stood at 2.9 billion barrels of oil equivalent, with net production that year of approximately 431M barrels of oil equivalent per day (70% of which was natural gas).
Forecast
Based on the 24 analysts’ 12-month median price target of $37 and the stock’s trading price, CTRA now has a 31.01% upside. The highest price target is $47 which represents a 66.43% upside and the lowest is $27 which represents a 4.39% downside.
Fundamentals
| P/E ratio | 12.33x |
| P/B ratio | 1.21x |
| ROE (Last Year) | 9.86% |
| Revenue Growth (YoY) | 135.26% |
| EPS Growth (YoY) | 358% |
| Current Ratio | 1.75x |
| Interest Coverage | 25.22x |
| D/E ratio | 0.69x |
Source: CTRA Annual Report
4. Chevron Corp (NYSE: CVX)
Business
Chevron, founded in 1879 and headquartered in San Ramon, California, is an energy corporation that has exploration, production, and refining operations worldwide.
It is the second-largest oil company in the US, producing 3.1M barrels of oil equivalent per day, along with 7.7M cubic feet of natural gas and 1.8M of barrels of liquids a day.
It operates in North America, South America, Europe, Africa, Asia, and Australia.
Forecast
Based on the 26 analysts’ 12-month median price target of $180 and the stock’s trading price, CVX now has a 23.77% upside. The highest price target is $210 which represents a 44.4% upside and the lowest is $150 which represents a 3.14% upside.
Fundamentals
| P/E ratio | 17.86x |
| P/B ratio | 2.53x |
| ROE (Last Year) | 11.16% |
| Revenue Growth (YoY) | 64.71% |
| Current Ratio | 1.25x |
| Interest Coverage | 32.35x |
| D/E ratio | 0.71x |
Source: CVX Annual Report
5. Knight-Swift Transportation Holdings Inc (NYSE: KNX)
Business
Knight-Swift Transportation, founded in 1990 and headquartered in Phoenix, Arizona, is the biggest American motor carrier holding company.
The truckload shipping operations are responsible for approximately 80% of its revenue. As for the rest of the revenue, it is derived from truck brokerage and other logistics services, as well as intermodal.
Forecast
Based on the 21 analysts’ 12-month median price target of $63 and the stock’s trading price, KNX now has a 26% upside. The highest price target is $85 which represents a 70% upside and the lowest is $46 which represents a 8% downside.
Fundamentals
| P/E ratio | 11.23x |
| P/B ratio | 1.26x |
| ROE (Last Year) | 11.36% |
| Revenue Growth (YoY) | 28.33% |
| EPS Growth (YoY) | 85.41% |
| Current Ratio | 1.31x |
| Interest Coverage | 45.73x |
| D/E ratio | 0.62x |
Source: KNX Annual Report
6. Eastman Chemical Co (NYSE: EMN)
Business
Eastman Chemical, founded in 1920 and headquartered in Kingsport, Tennessee, is a company mainly focused in the chemicals industry based in the United States.
Most of the company’s revenue is generated outside of the US and it has a strong presence in markets of Asia.
For some time, Eastman has been divesting non-core businesses, choosing to concentrate on higher-margin specialty product offerings.
Forecast
Based on the 21 analysts’ 12-month median price target of $117 and the stock’s trading price, EMN now has a 26.47% upside. The highest price target is $165 which represents a 78.35% upside and the lowest is $87 which represents a 5.95% downside.
Fundamentals
| P/E ratio | 14.8x |
| P/B ratio | 3.54x |
| ROE (Last Year) | 14.97% |
| Revenue Growth (YoY) | 23.63% |
| EPS Growth (YoY) | 78.57% |
| Current Ratio | 1.56x |
| Interest Coverage | 6.46x |
| D/E ratio | 1.68x |
Source: EMN Annual Report
7. Archer-Daniels-Midland Co (NYSE: ADM)
Business
Archer-Daniels Midland, founded in 1902 and headquartered in Chicago, Illinois, is a food processing and commodities trading company based in the US and operating worldwide. It processes corn, oilseeds, wheat, etc.
The corporation also has a network of logistical assets for storing and transporting crops internationally.
Forecast
Based on the 12 analysts’ 12-month median price target of $95 and the stock’s trading price, ADM now has a 27.56% upside. The highest price target is $111 which represents a 49.05% upside and the lowest is $80 which represents a 7.42% upside.
Fundamentals
| P/E ratio | 15.54x |
| P/B ratio | 1.87x |
| ROE (Last Year) | 14.07% |
| Revenue Growth (YoY) | 32.46% |
| EPS Growth (YoY) | 52.06% |
| Current Ratio | 1.45x |
| Interest Coverage | 10.67x |
| D/E ratio | 1.49x |
Source: ADM Annual Report
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