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Here at Zacks, we don’t generally classify stocks as “cheap” or “expensive,” and rather than looking at the stock’s face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors.
That being said, low-priced stocks can be attractive to smaller investors that can’t necessarily afford large stakes in companies with higher priced stocks. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and apply the Zacks Rank to properly analyze the potential that these companies have.
Today we’ve highlighted ten stocks that are currently trading for under $20 per share. All of these stocks currently have a Zacks Rank #1 (Strong Buy), and a variety of other factors make these companies stand out as having strong upside potential. We’ve also spread this list across different sectors and industries so investors looking for low-priced stocks can put together a diverse portfolio or find a stock in their favorite market sector.
1. Isle of Capri Casinos
Previous Close: $17.73
Isle of Capri Casinos is a developer, owner, and operator of branded gaming and lodging facilities in growing markets throughout the United States. The company currently operates 15 casinos across seven states and welcomes nearly 15 million visitors each year. Isle of Capri currently holds a VGM score of “A” and boasts three positive estimate revisions for its annual earnings.
BG Staffing is a provider of staffing services throughout the country across a variety of industries and divisions. The company is primarily a temporary staffing platform. BG Staffing has recently seen a positive estimate revision for both its current quarter and annual earnings, and the stock currently sports a P/E Ratio of 12.44 and an “A” for Value to match. Its current quarter earnings estimate is 13 cents higher than it was just 30 days ago, and the company is expected to see earnings growth of 123% this year.
With its Pollo Tropical and Taco Cabana chains, as well as its large number of Burger King franchises, Carrols is one of the biggest restaurant groups in the United States. The stock currently has a VGM score of “A” with “A” grades in all three of your Style Scores categories. The company is expected to see earnings growth of 55% this year and it currently rocks an impressive PEG Ratio of 1.00.
Nikon is one of the most recognizable names in the world of cameras, camera lenses, and other optical instruments. This Tokyo-based company markets its products to a variety of customers, ranging from entry-level hobbyists to professional camera operators. Over the past four quarters, Nikon has surpassed the Zacks Consensus Estimate by an average of 77% and it falls into a group of the top 10% of companies in the Zacks Industry Rank. Nikon sports a VGM score of “A” and expects to see sales growth of 12.6% this year.
Ryerson is a metal processing and distribution company with a specific focus on stainless steel, aluminum, carbon, alloy steel, nickel, and red metals that services a wide range of industries, including oil and gas, industrial equipment, and electrical machinery. The company has seen two positive estimate revisions for both its current quarter and annual earnings after beating the Zacks Consensus Estimate by 225% last quarter. Ryerson also sports an “A” grade in our VGM category.
6. New Media Investment Group
Previous Close: $17.72
New Media is an online advertising and digital marketing company that produces daily newspapers, weekly newspapers, locally-focused websites, mobile sites, and yellow page directories. The company falls into a sector that currently ranks in the top 5% of the Zacks Industry Rank and currently has a VGM score of “A.” New Media is also coming off of an earnings beat of 57.14% last quarter.
Based in Vancouver, Canada, B2Gold is a gold exploration and development company. B2Gold has assets in several countries throughout Central and South America. The company currently has a VGM score of “A” and has seen two positive estimate revisions for its annual earnings recently. As is typical with the gold mining industry, B2Gold tends to trade with the price of gold, so it has benefitted from the recent interest in the yellow metal.
Cathay Pacific is a regional airline that operates out of Hong Kong and flies throughout Asia, as well as Europe and South Africa. The company has about 60 destinations around the world. As with many airlines, Cathay has impressive value metrics, proving itself with an “A” grade for Value and a P/E of 5.34. The airliner also has an “A” grade for Momentum, bringing its VGM score to “A.” It’s also important to consider that Cathay doesn’t rely heavily on destinations affected by the Brexit or recent security concerns.
9. Hanwha Q Cells
Previous Close: $13.87
Hanwha Q Cells is a photovoltaic manufacturer for solar cells and modules. The company offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. The company has seen one positive estimate revision for its current quarter and annual earnings, and it is expected to see earnings growth of nearly 394%. Sales are also expected to grow by an impressive 52% on the year, and the stock currently has a VGM score of “A.”
Stoneridge is a designer and manufacturer of electrical and electronic components, modules and systems for the automotive, medium and heavy-duty truck, and agricultural vehicle markets. The company has seen two positive estimate revisions for its current quarter earnings and four for its annual earnings. It has surpassed the Zacks Consensus Estimate in each of the last four quarters by an average of 21.65%, and the company expects to see earnings growth of nearly 40% this year.
Bottom Line
A stock’s market price is not a clear indicator of whether it is a good investment. However, the nice thing about the Zacks Rank is that it can be applied to stocks of any price. All of the stocks highlighted here hold a Zacks Rank #1 (Strong Buy) rankings, while also possessing other qualities that help them stick out. For smaller investors looking to get into solid stocks at lower prices, this list is a great place to start and all of these companies could be impressive picks going forward.
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Top Ten Stocks Under $20
Here at Zacks, we don’t generally classify stocks as “cheap” or “expensive,” and rather than looking at the stock’s face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors.
That being said, low-priced stocks can be attractive to smaller investors that can’t necessarily afford large stakes in companies with higher priced stocks. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and apply the Zacks Rank to properly analyze the potential that these companies have.
Today we’ve highlighted ten stocks that are currently trading for under $20 per share. All of these stocks currently have a Zacks Rank #1 (Strong Buy), and a variety of other factors make these companies stand out as having strong upside potential. We’ve also spread this list across different sectors and industries so investors looking for low-priced stocks can put together a diverse portfolio or find a stock in their favorite market sector.
1. Isle of Capri Casinos
Previous Close: $17.73
Isle of Capri Casinos is a developer, owner, and operator of branded gaming and lodging facilities in growing markets throughout the United States. The company currently operates 15 casinos across seven states and welcomes nearly 15 million visitors each year. Isle of Capri currently holds a VGM score of “A” and boasts three positive estimate revisions for its annual earnings.
2. BG Staffing Inc. (BGSF - Free Report)
Previous Close: $17.49
BG Staffing is a provider of staffing services throughout the country across a variety of industries and divisions. The company is primarily a temporary staffing platform. BG Staffing has recently seen a positive estimate revision for both its current quarter and annual earnings, and the stock currently sports a P/E Ratio of 12.44 and an “A” for Value to match. Its current quarter earnings estimate is 13 cents higher than it was just 30 days ago, and the company is expected to see earnings growth of 123% this year.
3. Carrols Restaurant Group (TAST - Free Report)
Previous Close: $11.84
With its Pollo Tropical and Taco Cabana chains, as well as its large number of Burger King franchises, Carrols is one of the biggest restaurant groups in the United States. The stock currently has a VGM score of “A” with “A” grades in all three of your Style Scores categories. The company is expected to see earnings growth of 55% this year and it currently rocks an impressive PEG Ratio of 1.00.
4. Nikon Corp. (NINOY - Free Report)
Previous Close: $13.37
Nikon is one of the most recognizable names in the world of cameras, camera lenses, and other optical instruments. This Tokyo-based company markets its products to a variety of customers, ranging from entry-level hobbyists to professional camera operators. Over the past four quarters, Nikon has surpassed the Zacks Consensus Estimate by an average of 77% and it falls into a group of the top 10% of companies in the Zacks Industry Rank. Nikon sports a VGM score of “A” and expects to see sales growth of 12.6% this year.
5. Ryerson Holdings (RYI - Free Report)
Previous Close: $16.52
Ryerson is a metal processing and distribution company with a specific focus on stainless steel, aluminum, carbon, alloy steel, nickel, and red metals that services a wide range of industries, including oil and gas, industrial equipment, and electrical machinery. The company has seen two positive estimate revisions for both its current quarter and annual earnings after beating the Zacks Consensus Estimate by 225% last quarter. Ryerson also sports an “A” grade in our VGM category.
6. New Media Investment Group
Previous Close: $17.72
New Media is an online advertising and digital marketing company that produces daily newspapers, weekly newspapers, locally-focused websites, mobile sites, and yellow page directories. The company falls into a sector that currently ranks in the top 5% of the Zacks Industry Rank and currently has a VGM score of “A.” New Media is also coming off of an earnings beat of 57.14% last quarter.
7. B2Gold Corp. (BTG - Free Report)
Previous Close: $2.48
Based in Vancouver, Canada, B2Gold is a gold exploration and development company. B2Gold has assets in several countries throughout Central and South America. The company currently has a VGM score of “A” and has seen two positive estimate revisions for its annual earnings recently. As is typical with the gold mining industry, B2Gold tends to trade with the price of gold, so it has benefitted from the recent interest in the yellow metal.
8. Cathay Pacific Airways (CPCAY - Free Report)
Previous Close: $7.26
Cathay Pacific is a regional airline that operates out of Hong Kong and flies throughout Asia, as well as Europe and South Africa. The company has about 60 destinations around the world. As with many airlines, Cathay has impressive value metrics, proving itself with an “A” grade for Value and a P/E of 5.34. The airliner also has an “A” grade for Momentum, bringing its VGM score to “A.” It’s also important to consider that Cathay doesn’t rely heavily on destinations affected by the Brexit or recent security concerns.
9. Hanwha Q Cells
Previous Close: $13.87
Hanwha Q Cells is a photovoltaic manufacturer for solar cells and modules. The company offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. The company has seen one positive estimate revision for its current quarter and annual earnings, and it is expected to see earnings growth of nearly 394%. Sales are also expected to grow by an impressive 52% on the year, and the stock currently has a VGM score of “A.”
10. Stoneridge Inc. (SRI - Free Report)
Previous Close: $14.80
Stoneridge is a designer and manufacturer of electrical and electronic components, modules and systems for the automotive, medium and heavy-duty truck, and agricultural vehicle markets. The company has seen two positive estimate revisions for its current quarter earnings and four for its annual earnings. It has surpassed the Zacks Consensus Estimate in each of the last four quarters by an average of 21.65%, and the company expects to see earnings growth of nearly 40% this year.
Bottom Line
A stock’s market price is not a clear indicator of whether it is a good investment. However, the nice thing about the Zacks Rank is that it can be applied to stocks of any price. All of the stocks highlighted here hold a Zacks Rank #1 (Strong Buy) rankings, while also possessing other qualities that help them stick out. For smaller investors looking to get into solid stocks at lower prices, this list is a great place to start and all of these companies could be impressive picks going forward.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>