Seeking Alpha
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message|
( followers)  

If you are looking to buy stocks at attractive levels and with apparent upside potential, this list may offer a good starting point.

To compile this list we looked for stocks with the following characteristics:
- Market cap above $300M
- RSI(14) below 40, which generally represents oversold conditions
- Undervalued relative to the average analyst target price



Considering these conditions, which of these stocks are you most bullish about? (Note: Data collected over the weekend)

1. Petroleum Development Corporation (PETD): Independent Oil & Gas Industry. Market cap of $934.18M. RSI(14) at 33.63. According to analysts' estimates this stock is trading with an upside of 39.2%, when comparing the current price of $39.82 vs. their target price of $55.43. The stock is a short squeeze candidate, with a short float at 12.36% (equivalent to 12.19 days of average volume). The stock has performed poorly over the last month, losing 16.82%.



2. United States Steel Corp. (X): Metal Fabrication Industry. Market cap of $6.86B. RSI(14) at 30.86. According to analysts' estimates this stock is trading with an upside of 38.8%, when comparing the current price of $47.71 vs. their target price of $66.22. This is a risky stock that is significantly more volatile than the overall market (beta = 2.42). The stock is currently stuck in a downtrend, trading -7.93% below its SMA20, -12.21% below its SMA50, and -5.6% below its SMA200. It's been a rough couple of days for the stock, losing 7.77% over the last week.



3. New York & Company Inc. (NWY): Apparel Stores Industry. Market cap of $374.54M. RSI(14) at 37.79. According to analysts' estimates this stock is trading with an upside of 38.44%, when comparing the current price of $6.14 vs. their target price of $8.5. This is a risky stock that is significantly more volatile than the overall market (beta = 2.89). The stock has performed poorly over the last month, losing 15.31%.



4. Teva Pharmaceutical Industries Limited (TEVA): Drug Manufacturer. Market cap of $42.98B. RSI(14) at 31.88. According to analysts' estimates this stock is trading with an upside of 38.42%, when comparing the current price of $45.73 vs. their target price of $63.3. The stock is currently stuck in a downtrend, trading -6.47% below its SMA20, -7.51% below its SMA50, and -10.78% below its SMA200. The stock has lost 20.96% over the last year.

5. Wausau Paper Corp. (WPP): Paper & Paper Products Industry. Market cap of $331.70M. RSI(14) at 31.67. According to analysts' estimates this stock is trading with an upside of 38.22%, when comparing the current price of $6.75 vs. their target price of $9.33. The stock is currently stuck in a downtrend, trading -10.28% below its SMA20, -10.48% below its SMA50, and -13.77% below its SMA200. It's been a rough couple of days for the stock, losing 11.42% over the last week.

6. Syneron Medical Ltd. (ELOS): Medical Appliances & Equipment Industry. Market cap of $436.74M. RSI(14) at 37.48. According to analysts' estimates this stock is trading with an upside of 37.45%, when comparing the current price of $12.55 vs. their target price of $17.25. After a solid performance over the last year, ELOS has pulled back during recent sessions. The stock is -5.4% below its SMA20 and -6.69% below its SMA50, but remains 16.16% above its SMA200. The stock has gained 9.42% over the last year.

7. National Bank of Greece SA (NBG): Money Center Banks Industry. Market cap of $4.70B. RSI(14) at 39.21. According to analysts' estimates this stock is trading with an upside of 36.48%, when comparing the current price of $1.59 vs. their target price of $2.17. This is a risky stock that is significantly more volatile than the overall market (beta = 2.09).

8. SFN Group, Inc. (SFN): Staffing & Outsourcing Services Industry. Market cap of $536.19M. RSI(14) at 25.32. According to analysts' estimates this stock is trading with an upside of 36.09%, when comparing the current price of $10.53 vs. their target price of $14.33. This is a risky stock that is significantly more volatile than the overall market (beta = 2.73). The stock has performed poorly over the last month, losing 24.35%.

9. Harvest Natural Resources Inc. (HNR): Independent Oil & Gas Industry. Market cap of $469.47M. RSI(14) at 39.56. According to analysts' estimates this stock is trading with an upside of 35.67%, when comparing the current price of $13.82 vs. their target price of $18.75. The stock is a short squeeze candidate, with a short float at 13.09% (equivalent to 7.94 days of average volume). The stock has performed poorly over the last month, losing 10.49%.

10. Pilgrim's Pride Corporation (PPC): Meat Products Industry. Market cap of $435.47M. RSI(14) at 20.41. According to analysts' estimates this stock is trading with an upside of 34.69%, when comparing the current price of $5.88 vs. their target price of $7.92.

11. Diana Shipping Inc. (DSX): Shipping Industry. Market cap of $922.87M. RSI(14) at 36.58. According to analysts' estimates this stock is trading with an upside of 33.39%, when comparing the current price of $11.26 vs. their target price of $15.02. The stock has lost 26.5% over the last year.

12. Sony Corporation (SNE): Electronic Equipment Industry. Market cap of $28.44B. RSI(14) at 26.86. According to analysts' estimates this stock is trading with an upside of 33.31%, when comparing the current price of $28.31 vs. their target price of $37.74.

13. Gran Tierra Energy, Inc. (GTE): Independent Oil & Gas Industry. Market cap of $1.92B. RSI(14) at 38.86. According to analysts' estimates this stock is trading with an upside of 33.29%, when comparing the current price of $7.42 vs. their target price of $9.89. Relatively low correlation to the market (beta = 0.74), which may be appealing to risk averse investors. The stock has gained 22.44% over the last year.

14. Lexmark International Inc. (LXK): Computer Based Systems Industry. Market cap of $2.55B. RSI(14) at 34.67. According to analysts' estimates this stock is trading with an upside of 32.87%, when comparing the current price of $32.25 vs. their target price of $42.85. The stock is currently stuck in a downtrend, trading -10.16% below its SMA20, -11.52% below its SMA50, and -14.79% below its SMA200. It's been a rough couple of days for the stock, losing 12.65% over the last week.

15. Broadcom Corp. (BRCM): Semiconductor Industry. Market cap of $18.98B. RSI(14) at 33.94. According to analysts' estimates this stock is trading with an upside of 32.37%, when comparing the current price of $35.19 vs. their target price of $46.58. It's been a rough couple of days for the stock, losing 12.9% over the last week.

16. Community Health Systems, Inc. (CYH):
Hospitals Industry. Market cap of $2.89B. RSI(14) at 36.12. According to analysts' estimates this stock is trading with an upside of 32.28%, when comparing the current price of $30.73 vs. their target price of $40.65. Might be undervalued at current levels, with a PEG ratio at 0.8, and P/FCF ratio at 5.54. The stock has performed poorly over the last month, losing 23.78%.

17. The Talbots Inc. (TLB): Apparel Stores Industry. Market cap of $376.12M. RSI(14) at 37.25. According to analysts' estimates this stock is trading with an upside of 32.16%, when comparing the current price of $5.38 vs. their target price of $7.11. The stock is a short squeeze candidate, with a short float at 29.5% (equivalent to 5.38 days of average volume). The stock is currently stuck in a downtrend, trading -9.23% below its SMA20, -7.08% below its SMA50, and -37.8% below its SMA200. The stock has performed poorly over the last month, losing 13.23%.

18. Resources Connection Inc. (RECN): Management Services Industry. Market cap of $685.52M. RSI(14) at 34.35. According to analysts' estimates this stock is trading with an upside of 31.85%, when comparing the current price of $14.79 vs. their target price of $19.5. The stock has performed poorly over the last month, losing 22.69%.

19. Mercury Computer Systems, Inc. (MRCY): Computer Peripherals Industry. Market cap of $542.22M. RSI(14) at 39.55. According to analysts' estimates this stock is trading with an upside of 31.18%, when comparing the current price of $19.31 vs. their target price of $25.33. It's been a rough couple of days for the stock, losing 8.22% over the last week.

20. Brightpoint Inc. (CELL): Electronics Wholesale Industry. Market cap of $690.08M. RSI(14) at 38.38. According to analysts' estimates this stock is trading with an upside of 30.93%, when comparing the current price of $10.12 vs. their target price of $13.25. The stock has gained 24.94% over the last year.

21. Targacept, Inc. (TRGT): Biotechnology Industry. Market cap of $702.91M. RSI(14) at 39.87. According to analysts' estimates this stock is trading with an upside of 30.27%, when comparing the current price of $24.18 vs. their target price of $31.5. This is a risky stock that is significantly more volatile than the overall market (beta = 3.1). The stock has gained 1.6% over the last year.

22. P.F. Chang's China Bistro, Inc. (PFCB): Restaurants Industry. Market cap of $915.88M. RSI(14) at 25.66. According to analysts' estimates this stock is trading with an upside of 29.0%, when comparing the current price of $40.1 vs. their target price of $51.73. The stock is a short squeeze candidate, with a short float at 22.44% (equivalent to 10.5 days of average volume).

23. The Goldman Sachs Group, Inc. (GS):
Diversified Investments Industry. Market cap of $78.60B. RSI(14) at 34.83. According to analysts' estimates this stock is trading with an upside of 28.59%, when comparing the current price of $151.01 vs. their target price of $194.19. The stock has gained 4.98% over the last year.

24. Emulex Corp. (ELX): Computer Peripherals Industry. Market cap of $848.17M. RSI(14) at 39.38. According to analysts' estimates this stock is trading with an upside of 28.59%, when comparing the current price of $9.69 vs. their target price of $12.46. The stock is a short squeeze candidate, with a short float at 9.63% (equivalent to 7.12 days of average volume). The stock has lost 17.53% over the last year.

25. China Biologic Products, Inc. (CBPO): Biotechnology Industry. Market cap of $340.90M. RSI(14) at 36.38. According to analysts' estimates this stock is trading with an upside of 28.57%, when comparing the current price of $14.0 vs. their target price of $18.0. The stock is a short squeeze candidate, with a short float at 7.75% (equivalent to 17.22 days of average volume). It's been a rough couple of days for the stock, losing 6.67% over the last week.

26. Monro Muffler Brake Inc. (MNRO): Auto Parts Industry. Market cap of $922.94M. RSI(14) at 38.85. According to analysts' estimates this stock is trading with an upside of 28.37%, when comparing the current price of $30.38 vs. their target price of $39.0. The stock is a short squeeze candidate, with a short float at 12.22% (equivalent to 11.29 days of average volume). The stock has gained 27.97% over the last year.

27. Clayton Williams Energy Inc. (CWEI): Independent Oil & Gas Industry. Market cap of $1.10B. RSI(14) at 38.32. According to analysts' estimates this stock is trading with an upside of 28.34%, when comparing the current price of $90.57 vs. their target price of $116.24. The stock has performed poorly over the last month, losing 12.99%.

28. Wells Fargo & Company (WFC): Money Center Banks Industry. Market cap of $153.69B. RSI(14) at 36.84. According to analysts' estimates this stock is trading with an upside of 28.34%, when comparing the current price of $29.11 vs. their target price of $37.36. The stock has lost 11.49% over the last year.

29. CapitalSource Inc. (CSE): Credit Services Industry. Market cap of $2.16B. RSI(14) at 33.64. According to analysts' estimates this stock is trading with an upside of 28.14%, when comparing the current price of $6.68 vs. their target price of $8.56. This is a risky stock that is significantly more volatile than the overall market (beta = 2.61). The stock has gained 12.65% over the last year.

30. Argo Group International Holdings, Ltd. (AGII): Property & Casualty Insurance Industry. Market cap of $862.20M. RSI(14) at 39.31. According to analysts' estimates this stock is trading with an upside of 27.89%, when comparing the current price of $31.41 vs. their target price of $40.17. Relatively low correlation to the market (beta = 0.71), which may be appealing to risk averse investors. The stock has gained 2.18% over the last year.

*All relevant data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Top 30 Most Oversold and Undervalued Stocks by Analyst Target Price