2 Undervalued Stocks With 20% Upside

Loading...
Loading...

There are 593 companies expected to report earnings this week (3/20 - 3/24) according to Yahoo Finance. However, only a few appear to be trading well below their intrinsic value. Finbox.io fair value data shows that two of these 593 companies have at least 20% or more margin of safety: PVH Corp PVH and Micron Technology MU.

PVH corp is expected to report earnings on Wednesday and twelve valuation models conclude that shares are over 25% undervalued. This is slightly above Wall Street's consensus price target of $111.67 which still implies almost 20% upside.

2 Overvalued Stocks With 20% Downside

On the opposite end of the spectrum, there are only two companies expected to report earnings this week that have 20% or more downside.

Neogen Corp. NEOG appears to be trading at a 30% premium to fair value before earnings (expected Tuesday). Finbox.io's $43.83 intrinsic value estimate is below the Wall Street consensus price target of $58.00 which implies about 10% downside.

Value investors may want to take a closer look at the stocks listed above prior to them reporting earnings.

Note this is not a buy or sell recommendation on any company mentioned.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: BiotechLong IdeasShort IdeasTrading IdeasGeneral
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...