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Do you consider yourself a value investor? We ran a screen in the search for potentially undervalued stocks that you may be interested in.

We began by screening for stocks with strong upward momentum, trading above their 20-day, 50-day, and 200-day moving averages.

We then screened for strong sales trends by comparing growth in revenue to growth in inventory over the last year. We screened for stocks with positive sales trends, with faster growth in revenue than inventory over the last year. Since inventory represents the portion of goods not yet sold, faster growth in revenue than inventory is considered an encouraging sign.

To screen for strengthening liquidity, we also only focused on those companies with inventory decreasing as a percent of current assets.

Finally, we screened for those stocks trading at steep discounts to even their most pessimistic analyst target prices. This may indicate that these stocks are trading below their fair value.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall (kapitall.com).

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

List sorted by increase in revenue over the last year.

1. Kodiak Oil & Gas Corp. (KOG): Engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in the United States. Market cap at $2.32B. Price at $8.66. Of the 18 analysts that have set a target price on the stock, the lowest price target stands at $8.75. This implies a current upside of 18.89% from current levels around $7.36. Revenue grew by 499.7% during the most recent quarter ($79.94M vs. $13.33M y/y). Inventory grew by -8.76% during the same time period ($20.01M vs. $21.93M y/y). Inventory, as a percentage of current assets, decreased from 19.49% to 16.52% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. Netgear Inc. (NTGR): Designs, develops and markets networking products for home users and small businesses worldwide. Market cap at $1.34B. Price at $35.07. Of the 8 analysts that have set a target price on the stock, the lowest price target stands at $38.00. This implies a current upside of 15.75% from current levels around $32.83. Revenue grew by 16.79% during the most recent quarter ($325.62M vs. $278.82M y/y). Inventory grew by -4.14% during the same time period ($134.31M vs. $140.11M y/y). Inventory, as a percentage of current assets, decreased from 21.13% to 16.68% during the most recent quarter (comparing 3 months ending 2012-04-01 to 3 months ending 2011-04-03).

3. Cabot Corp. (CBT): Provides specialty chemicals and performance materials worldwide. Market cap at $2.57B. Price at $40.58. Of the 6 analysts that have set a target price on the stock, the lowest price target stands at $45.00. This implies a current upside of 17.77% from current levels around $38.21. Revenue grew by 14.21% during the most recent quarter ($844M vs. $739M y/y). Inventory grew by -0.94% during the same time period ($423M vs. $427M y/y). Inventory, as a percentage of current assets, decreased from 27.91% to 25.67% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

4. Cooper Tire & Rubber Co. (CTB): Together with its subsidiaries, manufactures and markets replacement tires in North America and internationally. Market cap at $1.08B. Price at $17.34. Of the 5 analysts that have set a target price on the stock, the lowest price target stands at $20.00. This implies a current upside of 16.41% from current levels around $17.18. Revenue grew by 9.15% during the most recent quarter ($984.26M vs. $901.79M y/y). Inventory grew by 2.35% during the same time period ($491.31M vs. $480.05M y/y). Inventory, as a percentage of current assets, decreased from 38.8% to 35.78% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

5. Energizer Holdings Inc. (ENR): Manufacturers and sells primary batteries, portable lighting, and personal care products worldwide. Market cap at $4.90B. Price at $75.71. Of the 11 analysts that have set a target price on the stock, the lowest price target stands at $84.00. This implies a current upside of 17.40% from current levels around $71.55. Revenue grew by 6.42% during the most recent quarter ($1,101.8M vs. $1,035.3M y/y). Inventory grew by -8.03% during the same time period ($686.4M vs. $746.3M y/y). Inventory, as a percentage of current assets, decreased from 31.18% to 28.68% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

6. Cabela's Inc. (CAB): Operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise. Market cap at $2.71B. Price at $39.37. Of the 9 analysts that have set a target price on the stock, the lowest price target stands at $42.00. This implies a current upside of 18.74% from current levels around $35.37. Revenue grew by 6.27% during the most recent quarter ($623.5M vs. $586.71M y/y). Inventory grew by -4.15% during the same time period ($539.41M vs. $562.78M y/y). Inventory, as a percentage of current assets, decreased from 16.39% to 14.08% during the most recent quarter (comparing 13 weeks ending 2012-03-31 to 13 weeks ending 2011-04-02).

7. CONMED Corporation (CNMD): Provides surgical devices and equipment for minimally invasive procedures and monitoring. Market cap at $796.93M. Price at $28.19. Of the 5 analysts that have set a target price on the stock, the lowest price target stands at $31.00. This implies a current upside of 15.67% from current levels around $26.80. Revenue grew by 5.93% during the most recent quarter ($194.32M vs. $183.45M y/y). Inventory grew by -4.57% during the same time period ($163.39M vs. $171.21M y/y). Inventory, as a percentage of current assets, decreased from 47.82% to 46.51% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

8. Jarden Corp. (JAH): Distributes consumer products worldwide. Market cap at $3.52B. Price at $44.30. Of the 8 analysts that have set a target price on the stock, the lowest price target stands at $48.00. This implies a current upside of 16.93% from current levels around $41.05. Revenue grew by 0.81% during the most recent quarter ($1,495.4M vs. $1,483.4M y/y). Inventory grew by -5.66% during the same time period ($1,409.6M vs. $1,494.1M y/y). Inventory, as a percentage of current assets, decreased from 44.29% to 41.53% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

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

Source: 8 Rallying Stocks Undervalued By Target Price With Strong Inventory Trends