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The Zacks Analyst Blog Highlights: Commercial Vehicle Group, XG Technology, ZAGG, Intelsat and Mazda Motor

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For Immediate Release

Chicago, IL – August 04, 2017 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Commercial Vehicle Group (NASDAQ:CVGI Free Report), XG Technology (NASDAQ:XGTI Free Report),  ZAGG Inc. (NASDAQ:ZAGG Free Report),  Intelsat S.A. (NYSE:(I - Free Report) – Free Report) and  Mazda Motor Corp. (OTCMKTS:MZDAY Free Report).  

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Here are highlights from Thursday’s Analyst Blog:

5 of the Best Stocks Under $10 for 2017

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 five stocks that are currently trading for under $10 per share. These stocks are also showing signs for solid growth throughout 2017, and all of them currently hold a Zacks Rank #1 (Strong Buy).

1.       Commercial Vehicle Group (NASDAQ:CVGIFree Report)

Prior Close: $8.84

Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market. With one positive estimate revision in the past 30 days helping move its Zacks Consensus Estimate higher, we now expect CVGI to post earnings growth of 52% this year. This trend is expected to continue into the next fiscal year, wherein our current consensus estimate calls for EPS growth of 73%. Also, the company’s strong earnings surprise history should make investors feel more confident heading into its report next week.

2.       XG Technology (NASDAQ:XGTIFree Report)  

Prior Close: $2.16

xG Technology is engaged in developing communications technologies for wireless networks. Its products include xMax system, an end-to-end Internet protocol (IP) network solution. This has been—and will continue to be—a year of aggressive earnings and revenue growth for xG. According to our current consensus estimates, the company is poised to post full-year revenue growth of over 700% and full-year EPS growth of over 100%. So far, the stock has soared more than 60% year-to-date, but if its shocking growth continues, this stock should keep going even higher.

3.       ZAGG Inc. (NASDAQ:ZAGGFree Report)

Prior Close: $8.85

ZAGG Inc. designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide. ZAGG just smashed the Zacks Consensus Estimate by 20% in its most recent report, and now the company is looking to ride that momentum into the new quarter. Its full-year estimate for earnings has gained three cents in the past week, and now we expect EPS growth of 172% and sales growth of 21%. The stock also looks to be fundamentally sound, as its sporting “B” grades in all of our Style Scores categories, including the overall VGM category.

4.       Intelsat S.A. (NYSE:IFree Report)

Prior Close: $3.47

Intelsat offers network services comprising transponder services, video distribution and contribution services, hybrid satellite, fiber and teleport managed services. Intelsat is at the head of a Satellite and Communication industry that currently sits in the top 12% of the Zacks Industry Rank, and the stock has been moving higher after the company beat our earnings expectations be nearly 40% recently. On top of this, Intelsat sports an “A” grade for Value, which is underscored by its shockingly low P/S ratio and impressive PEG ratio, meaning it is a rare low-priced value pick.

5.       Mazda Motor Corp. (OTCMKTS:MZDAYFree Report)

Prior Close: $7.48

Based in Japan, Mazda Motor Corp. engages in the manufacture and sale of passenger cars, commercial vehicles and automotive parts. Mazda also has an “A” grade for Value, which has been boosted by its P/E ratio of 8.14 and its P/B ratio of 0.95. Additionally, the company’s full-year and next-year earnings estimates have been moving higher recently, and that positive sentiment has helped the stock gain more than 6% this month. That’s not to mention that Mazda falls into the strong Foreign Automotive industry, which currently sits in the top 2% of the Zacks Industry Rank.

Bottom Line

A stock’s market price is certainly not the most important factor to consider when considering whether or not to add it to your portfolio, and sales and earnings growth projections can prove to be tough to live up to.

Nevertheless, we can always use Zacks’ proven methods of finding quality stocks, and these five companies just happen to be showing strength while also trading for under $10 per share. If you would like to check out more of these low-priced stocks, look no further than our Stocks Under $10 portfolio service!

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release.

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