2 shares trading at the lowest prices; Analysts say “Buy”
We are currently in an unstable period, as the shares slipped after the beginning of the year with a strong note. Big Tech, which thrived during the blockade of the pandemic and the transition to remote work, is leading the decline. Investors have taken the measure of vaccination programs and now, fueled by both faith and hope that economies will soon return to a more normal basis, they are looking for those stocks that will gain, we return to the “pre-crown”
; “market situation. There is also inflation to take into account. This year, oil prices are rising and this is a commodity whose price fluctuations are sure to flow down the supply chain. Along with growing consumer demand, prices are expected to rise, at least in the near future. In general, this is the time to listen to the old market advice: buy low and sell high. As stock prices fall for now and volatility rises, the low is covered. The key is to find the stocks that are ready to earn when the bulls start working again. The Wall Street Corps knows this and is not shy about recommending stocks that may have bottomed out. Using the TipRanks database, we identified two such stocks. Each falls significantly, but each also has enough potential to increase to ensure a purchase rating. TechnipFMC Plc (FTI) We will start in the hydrocarbon sector, where TechnipFMC operates two divisions in the oil and gas business: underwater and surface. Until recently, the company’s projects included oil and gas exploration and production, platform and platform operations, crude oil refining, production of petrochemical products (ethylene, benzene, naphtha, hydrogen), as well as liquefied natural gas and offshore installations. Earlier this month, petrochemical and LNG operations were separated as Technip Energy, a separate, independently traded company. TechnipFMC retains underwater and surface hydrocarbon activities, allowing the company to better focus its efforts. TechnipFMC may need this focus as the company has had difficulty gaining traction in the stock markets. Like most of its counterparts, TechnipFMC saw the value of the stock fall sharply last winter in the midst of the coronavirus crisis, but since then the stock has recovered only about half of its losses. In the last 12 months, FTI shares have fallen by 53%. The results for the fourth quarter come out today, after the market closes, and should shed more light on the company’s year-round results. The company reports quarterly profits in 2020, which are in line with the results of the previous year. The second quarter showed a loss compared to the previous year; Q1 and Q3 both showed annual gains. Covering the FTI for JPMorgan, analyst Sean Miakim wrote: “As the spin-off of Technip Energies was put back on track at 1/7, after performing significantly better in the early days, FTI shares are already declining … With a new opening visibility to the “Clean spin” exit, investors are giving the FTI another look, with some still using a “wait and see” approach until after the rotation … We see the completion of the rotation as a re-rating option … allowing more broad investor participation. Monetizing TechnipFMC’s stake in Technip Energies helps balance and provides an opportunity for capital allocation. “To that end, Meakim evaluates the FTI as overweight (ie, buys) and its price price of $ 20 suggests that the stock has more than doubled next year, with a 172% potential to increase. (To watch the record of Meakim, click here) There are a total of 13 recent FTI reviews that break 8 to 5 in favor of Buy vs Hold, making analysts a consensus to rate a moderate purchase and suggesting that Wall Street usually sees an opportunity here. , $ 35, and the average price of $ 12.18 suggests an upward growth of ~ 65% over the next 12 months. (See FTI stock analysis for TipRanks) CoreCivic, Inc. (CXW) CoreCivic is then a provider of locations for non-profit detention for law enforcement agencies, primarily the U.S. government.The company owns and operates 65 prisons and detention centers with a total capacity of 90,000 inmates located in 19 countries plus DC.As of January 1 this year, the company completed the from REIT to a taxable C-corporation. The move was made without fanfare, and the company reported its results for the fourth quarter and 2020 targets – which cover the period of preparation for the shift – earlier this month. CXW showed the highest limit of 1.91 billion dollars for the “crown” of 2020, a small decline (3%) of 1.98 billion dollars reported in 2019. Earnings for the whole year reached 45 cents per share . In the fourth quarter, the company reported repayments of about $ 125 million of its long-term debt; CoreCivic’s current long-term liabilities are estimated at $ 2.3 billion. The company showed available liquid assets at the end of 2020 as $ 113 million in cash, plus $ 566 million in available credit. High debt can help explain the company’s stock performance, although earnings and profits remain positive. Shares have fallen 50 percent in the past 12 months as they have never really recovered from stock price losses made in the crown’s panic last winter. 5-star analyst Joe Gomez from Noble Capital covers CoreCivic and remains a sanguine in stocks despite obvious weaknesses. “We view the fourth quarter as a continuation trend, over the last three quarters of 2020. Despite COVID, the large reduction in detainees, the reduction in the normal operation of the judiciary and other impacts, CoreCivic reported relatively fixed revenues and consistently adjusted EPS growth. We believe that this illustrates the strength of the company’s operating model, “Gomez said. In line with his optimistic approach, Gomez maintains his rating of superiority (ie buying) and the price of $ 15 as it is. This goal puts the potential for an increase of 97%. (To watch the Gomes recording, click here) Some stocks are flying under the radar and CXW is one of them. Gomes’ is the only recent review by analysts of this company and it is definitely positive. (See CXW’s stock analysis for TipRanks.) To find good ideas for battered stocks trading at attractive ratings, visit TipRanks’s Best Buy Purchase, a recently launched tool that brings together all insights into TipRanks ownership. Disclaimer: The views expressed in this article are those of the analysts only. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.