Yesterday, August 27, 2022, Dow Jones was trading at ~32,283, the S&P 500 at ~4,057, and Nasdaq at ~12,141. The selloff of Friday that followed Jerome Powell’s speech marked the Dow’s worst day since May 18.
The good news is that such selling pressure can unfairly bring the price of great stocks down. And since the price is a vital component of safety in an investment, there’s no better time for finding safe stocks to invest in long-term.
In this post, we found 5 such stocks that are issued by highly liquid, solvent, and conservatively financed companies. For each, we will go over the underlying business profile, the analyst forecasts, and some key financial data.
Note: Make sure that you do your own due diligence before you buy any of the following stocks mentioned.
Let’s dive in…
1. Sandstorm Gold Ltd (NYSE: SAND)
Business
Sandstorm Gold Ltd, incorporated in 2007 and headquartered in Vancouver, Canada, is a gold royalty company. Specifically, it helps gold mining corporations to secure financing through gold purchase agreements and royalties.
The company operates in North America, South & Central America, Africa, Asia, and Australia.
Forecast
Based on the 11 analysts’ 12-month median price target of $9.5 and the stock’s trading price, SAND now has a 59.93% upside. The highest price target is $13.25 which represents a 123.06% upside and the lowest is $7.5 which represents a 26.26% upside.
Fundamentals
| P/E ratio | 18.56x |
| P/B ratio | 2.81x |
| ROE (Last Year) | 4.66% |
| Revenue Growth (YoY) | 22.27% |
| EPS Growth (YoY) | 100% |
| Current Ratio | 4.57x |
| Interest Coverage | 30.28x |
| D/E ratio | 0.05x |
Source: SAND Annual Report
2. Cross Country Healthcare Inc (NASDAQ: CCRN)
Business
Cross Country Healthcare Inc, founded in 1986 and headquartered in Boca Raton, Florida, is a provider of talent management and other consultative services for US healthcare companies.
More specifically, it offers workforce, staffing, and recruiting solutions to clients such as government facilities, private and public hospitals, ambulatory care facilities, outpatient clinics, etc.
The company operates its business through two business segments, namely: Nurse and Allied Staffing (generating the majority of revenue), and Physician Staffing.
Forecast
Based on the 5 analysts’ 12-month median price target of $36 and the stock’s trading price, CCRN now has a 40.63% upside. The highest price target is $40 which represents a 56.25% upside and the lowest is $23 which represents a 10.16% downside.
Fundamentals
| P/E ratio | 4.66x |
| P/B ratio | 3.47x |
| ROE (Last Year) | 44.37% |
| Revenue Growth (YoY) | 100.46% |
| Current Ratio | 2.54x |
| Interest Coverage | 20.29x |
| D/E ratio | 1.46x |
Source: CCRN Annual Report
3. Kimbell Royalty Partners LP (NYSE: KRP)
Business
Kimbell Royalty Partners LP, founded in 2013 and based in Fort Worth, Texas, operates as an owner and acquirer of royalty and mineral interests in natural gas and oil properties across the U.S.
Some of the company’s producing regions and basins are areas located in the Mid-Continent, Permian Basin, Terryville/Cotton Valley/Haynesville, and Appalachian Basin.
Kimbell makes its revenue from the royalty payments received from operators based on the sale of natural gas, oil, and NGL production, among others.
Forecast
Based on the 6 analysts’ 12-month median price target of $24 and the stock’s trading price, KRP now has a 32.96% upside. The highest price target is $26 which represents a 44.04% upside and the lowest is $22 which represents a 21.88% upside.
Fundamentals
| P/E ratio | 19.84x |
| P/B ratio | 2.97x |
| ROE (Last Year) | 12.17% |
| Revenue Growth (YoY) | 49.88% |
| Current Ratio | 1.6x |
| Interest Coverage | 5.49x |
| D/E ratio | 0.72x |
Source: KRP Annual Report
4. Helios Technologies Inc (NYSE: HLIO)
Business
Helios Technologies Inc, founded in 1970 and headquartered in Sarasota, Florida, is a developer, manufacturer, and marketer of hydraulics and electronics solutions.
It operates under two business segments:
- Hydraulics (designing and manufacturing hydraulic quick release couplings, hydraulic cartridge valves, etc.)
- Electronics (designing and manufacturing customized electronic controls systems and displays)
Forecast
Based on the 5 analysts’ 12-month median price target of $80 and the stock’s trading price, HLIO now has a 35.92% upside. The highest price target is $91 which represents a 54.6% upside and the lowest is $74 which represents a 25.72% upside.
Fundamentals
| P/E ratio | 18.1x |
| P/B ratio | 2.85x |
| ROE (Last Year) | 14.75% |
| Revenue Growth (YoY) | 66.18% |
| EPS Growth (YoY) | 631.82% |
| Current Ratio | 2.07x |
| Interest Coverage | 8.85x |
| D/E ratio | 1x |
Source: HLIO Annual Report
5. Kulicke and Soffa Industries Inc (NASDAQ: KLIC)
Business
Kulicke & Soffa Industries Inc, founded in 1951 and headquartered in Singapore, primarily engages in the designing, manufacturing, and selling of expendable tools and capital equipment that are used for the assembly of semiconductor devices.
The company does business through two segments:
- Capital equipment (producing and selling a series of wafer-level bonders, ball bonders, and wedge bonders)
- Aftermarket Products and Services (APS) (producing and offering various expendable tools designed for multiple semiconductor packaging applications)
Forecast
Based on the 4 analysts’ 12-month median price target of $57.5 and the stock’s trading price, KLIC now has a 30.59% upside. The highest price target is $70 which represents a 58.98% upside and the lowest is $50 which represents a 13.56% upside.
Fundamentals
| P/E ratio | 5.7x |
| P/B ratio | 2.47x |
| ROE (Last Year) | 33.52% |
| Revenue Growth (YoY) | 143.54% |
| EPS Growth (YoY) | 596.39% |
| Current Ratio | 3.84x |
| Interest Coverage | 1902.61x |
| D/E ratio | 0.46x |
Source: KLIC Annual Report
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