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Looking for undervalued stock trade ideas but don't know where to start? Here are some ideas you may find helpful.

We ran a screen on U.S.-traded stocks of companies based in the BRIC countries (Brazil, Russia, India and China) for those trading at the most significant discounts from their analyst target prices.

Because target prices tend to be inflated, we only used the most pessimistic (i.e. lowest) target prices, and for companies with sufficient analyst coverage, we only included companies with five or more analyst ratings.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬


We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks should be trading higher? Use this list as a starting point for your own analysis.

List sorted by potential upside implied by target price.

1. Braskem S.A. (NYSE:BAK): Produces and sells petrochemical products in Brazil and the United States. Market cap of $6.58B. Of the seven analysts who have set a target price on the stock, the lowest price target stands at $21.00. This implies a current upside of 33.33% from current levels around $15.75. The stock has recently rebounded, and is currently trading 12.79% above its SMA20 and 6.45% above its SMA50. However, the stock still trades 25.19% below its SMA200. The stock has had a couple of great days, gaining 12.01% over the last week.

2. hiSoft Technology International Ltd. (HSFT): Provides outsourced information technology and research and development services in North America, Europe and Asia. Market cap of $342.35M. Of the eight analysts who have set a target price on the stock, the lowest price target stands at $14.00. This implies a current upside of 31.95% from current levels around $10.61. The stock has had a couple of great days, gaining 6.97% over the last week.

3. China Kanghui Holdings (KH): Develops, manufactures and markets orthopedic implants and associated instruments. Market cap of $361.93M. Of the six analysts who have set a target price on the stock, the lowest price target stands at $19.92. This implies a current upside of 29.35% from current levels around $15.40. The stock is a short squeeze candidate, with a short float at 11.27% (equivalent to 29.92 days of average volume). The stock has had a good month, gaining 11.11%.

4. Changyou.com Limited (NASDAQ:CYOU): Develops and operates online games in the People's Republic of China. Market cap of $1.18B. Of the 18 analysts who have set a target price on the stock, the lowest price target stands at $29.00. This implies a current upside of 29.23% from current levels around $22.44. The stock has lost 26.88% over the last year.

5. AutoNavi Holdings Limited (NASDAQ:AMAP): Provides digital map content and navigation and location-based solutions in the People's Republic of China. Market cap of $568.80M. Of the six analysts who have set a target price on the stock, the lowest price target stands at $15.00. This implies a current upside of 28.42% from current levels around $11.68. The stock has had a couple of great days, gaining 12.38% over the last week.

6. AsiaInfo-Linkage,Inc. (NASDAQ:ASIA): Provides telecommunications software solutions and information technology products and services to telecommunications carriers and other enterprises in the People's Republic of China. Market cap of $618.68M. Of the 14 analysts who have set a target price on the stock, the lowest price target stands at $10.00. This implies a current upside of 15.61% from current levels around $8.65. The stock is a short squeeze candidate, with a short float at 21.84% (equivalent to 11.42 days of average volume). The stock has had a couple of great days, gaining 6.7% over the last week.

7. TAL Education Group (NYSE:XRS): Provides K-12 after-school tutoring services in the People's Republic of China. Market cap of $849.96M. Of the 5five analysts who have set a target price on the stock, the lowest price target stands at $12.60. This implies a current upside of 15.60% from current levels around $10.90. The stock has had a good month, gaining 11.71%.

*Target price data sourced from Thomson/First Call (via Yahoo! Finance), all other data sourced from Finviz.

Source: 7 BRIC Stocks Deeply Discounted From Target Price