Great investing opportunities exist everywhere in the stock market. But how do you find them?
Tracey Ryniec, Stock Strategist at Zacks Investment Research, discusses two hidden gems that might be worth a closer look at by investors: Bright Horizons Family Solutions BFAM and CRH Medical Corporation CRHM.
Hidden gems are stocks that are followed only by a handful of Wall Street analysts and which the rest of the stock market doesn’t pay much attention to but they should because their fundamentals are strong.
Bright Horizons provides employer-sponsored child care for Fortune 500 companies and other customers in an array of industries. This is a growth area, with earnings expected to rise 19% in 2017 and another 12.6% in 2018.
This Zacks Rank #2 (Buy) trades with a forward P/E of 29.
CRH Medical went IPO in 2015. It provides anesthesia services for endoscopic procedures like colonoscopies. Anesthesia during these procedures is growing dramatically, to over 50% in 2015 from about 15% in 2003.
This small cap Zacks Rank #2 (buy) is growing through acquisitions. It made $0.14 per share in 2016 and the Zacks Consensus is looking for $0.21 in 2017.
But what else should investors take away from these two companies? Watch our short video below to learn more about these hidden gems.
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CRH Medical Corporation (CRHM): Free Stock Analysis Report
Bright Horizons Family Solutions Inc. (BFAM): Free Stock Analysis Report
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Zacks Investment Research