3 Top Ranked Growth Stocks under $20 - Stocks in the News
Investors have their preferences for finding the best stocks. Some like to strategize by finding valuable picks in an effort to avoid volatility. Others prefer more aggressive strategies that search for growth in an effort to turn massive profits. If the latter is more of your style, then these stocks deserve your consideration.
However, we made sure to find growth stocks that aren’t overvalued, and whose PE and PEG ratios suggest that these stocks may in fact be undervalued. Therefore, there is appeal in these picks if you prefer a value approach. There is strong potential in these top ranked stocks with massive EPS growth projections. Did we mention that they’re selling with low share prices, well under $20? Let the profit hunt begin.
Phototronics-PLAB
Phototronics is one of the leading manufacturers of photo masks, a crucial component involved in the making of semiconductors and flat panel displays. PLAB is a Zacks Rank #1 (Strong Buy). It has a nice PEG of 2.11 as well as a price/book ratio of 0.88, suggesting that there is value in the company. If that’s not obvious enough, Phototronics has a Value grade of “A” in the Style Scores.
This stock has an “A” for Growth in the Style Scores as well. The year over year EPS is estimated to grow by 150% for this fiscal year. Year over year sales are projected to increase by 13.58%. PLAB has beaten our earnings consensus estimate in three of the last four quarters. As a matter of fact, it has managed to beat our consensus over the last year by an average of 15.43% each quarter. These are positive signs indicating that Phototronics is doing well to grow by surpassing investor expectations with regards to earnings. The company announces its earnings on 8/18/15.
Orion Engineered Carbons S.A- OEC
Orion Engineered Carbons is primarily engaged in supplying carbon black. The company sells products for printing inks, coatings, rubber, and more. The company is a Zacks Rank #1 (Strong Buy). It also has a “B” in the Value section of the Style Scores. The company trades at a fair price to earnings multiple of 14.48. The price to sales of 0.76 exceeds the industry average of 1.2 by a significant margin. It’s also worth noting that Orion has assets to liabilities of 2.63.
OEC has a growth score of “A” in the Style Scores. It also has an ROE of 47.02%. This coupled along with sales to assets of 1.14 suggests that the company is being productive while increasing equity value. The company is expected to increase its year over year EPS by 353.33%. Orion beat our earnings consensus estimate last quarter by 28.57%. The company declares its earnings on 9/3/15.
Controladora Vuela Compania de Aviacion-VLRS
Controladora Vuela Compania de Aviacion is an airliner that provides transportation services for passengers. They also specialize in shipping general cargo, live animals, flowers, perishable foods, and more. VLRS is a Zacks Rank #1 (Strong Buy). It’s worth noting that it trades at a PE of 12.98. The company has a debt to capital of 7.77%, while airliners as a whole lag behind at 48.43%.
Controladora Vuela has a grade of “A” for Growth in the Style Scores. It also has an ROE of 29.77% while the industry average is only 16.46%. EPS for the current year is projected to be 136.1% higher than last year.
90 days ago, our consensus for earnings this quarter estimated EPS of $0.16. However, our current consensus estimate now expects to see earnings of $0.23 per share this quarter. There have been 3 estimate revisions by analysts in the last 60 days, and they were all upward revisions in their earnings estimates for this quarter. VLRS has beaten our EPS consensus estimate in three of the last four quarters, and by an average of 209.29% per quarter. The company reports its earnings on 7/27/15.
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CONTROLADORA VL (VLRS): Free Stock Analysis Report
ORION ENGINRD (OEC): Free Stock Analysis Report
PHOTRONICS INC (PLAB): Free Stock Analysis Report
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