Wells Fargo analyst Steven Cahall is bullish and has a $27 price target. The stock, at around $18, trades for less than five times projected 2022 earnings.
UNDERVALUED MICRO CAP STOCKS TV
With ample debt, TV broadcaster E.W Scripps amounts to a leveraged play on the advertising market through its local TV stations and the ION network. He has an Overweight rating and price target of $215. Morgan analyst Rajat Gupta favors the stock in part because of its expanding used-car business. At a recent $200, it trades for less than six times projected 2022 earnings, a discount to peers J.P.
(GPI) has a big presence in Texas and operations in the U.K. Riley Securities analyst Lucas Pipes wrote that it’s “well-positioned to benefit from the rapid improvement in aluminum pricing” and premium prices for the light metal in the Midwest, a major market. At a recent $16, the stock trades for under five times 2022 earnings.Īfter Century Aluminum’s second-quarter earnings reports, B. (CENX) is getting a lift from higher aluminum prices. Plenty of risk is reflected in the stock, which at around $43, trades for less than six times estimated 2022 earnings of about $8 a share. AMC has a group of streaming services led by AMC+, but hasn’t provided much financial information about them. Like other cable-TV programmers, AMC Networks is out of favor with investors as investors worry about cord-cutting and the streaming threat. It’s a similar story at Arizona-based Meritage, the No. He has a price target of $89 on the stock. He calls Colorado-based Century, a top 10 builder nationally, a higher-growth, high-return builder with a projected return on equity of over 20% in 20. Morgan analyst Michael Rehaut is bullish on both. Century Communities, at a recent $64, and Meritage, at $104, trade for under five times projected 2022 earnings.
(MTH) are inexpensive because Wall Street doubts the strength in home sales and prices can persist. It’s not an analyst favorite, but the shares, at around $5, trade for about four times projected 2022 earnings and offer a play on an extended period of high gas prices. Southwestern Energy has trailed peers as gas prices have run up because the company hedged over 70% of its 2022 gas production at well below current prices. 8 Ways to a Bargain Here are eight stocks in the S&P SmallCap 600 index that have among the the lowest price-to-earnings ratios based on projected 2022 earnings.
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