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The Zacks Analyst Blog Highlights: FGL Holdings, Glu Mobile, inTest, North American Construction Group and Commercial Vehicle Group

Zacks Equity Research
Updated
Callon Petroleum's (CPE) third quarter 2018 results benefit from higher oil-equivalent production and increased realized oil price.

For Immediate Release

Chicago, IL – September 6, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include FGL Holdings (FG), Glu Mobile Inc. GLUU, inTest Corporation INTT, North American Construction Group Ltd. NOA and Commercial Vehicle Group, Inc. CVGI.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday’s Analyst Blog:

5 of the Best Stocks Under $10

Here at Zacks, we don’t generally classify stocks as “cheap” or “expensive,” and rather than looking at the stock’s face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors.

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That being said, low-priced stocks can be attractive to smaller investors that can’t necessarily afford large stakes in companies with higher priced shares. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and apply the Zacks Rank to properly analyze the potential that these companies have.

Today we’ve highlighted five stocks that are currently trading for under $10 per share. All of these stocks currently sport a Zacks Rank #2 (Buy) or better, and the selected companies are showing signs of outpacing the market throughout the remainder of the calendar year.

Check out these five great stocks under $10 for 2018:

1. FGL Holdings

Prior Close: $8.92

FGL is a holding company offering fixed annuities and life insurance products, forming after the merger of CF Corp. and Fidelity & Guaranty Life was completed late last year. The stock is sporting a Zacks Rank #1 (Strong Buy) and looks like the right option for those searching for a low-priced value play. Shares are trading at just 8x earnings, which is a nice discount to the industry average. The stock pulled back a bit after its recent earnings bit, and now that’s appearing to be a buying opportunity as it levels out.

2. Glu Mobile Inc.

Prior Close: $7.25

Glu Mobile is a leading global publisher of mobile games, including top-rated original titles and titles based on major brands from partners like Activision and Hasbro. GLUU holds a Zacks Rank #2 (Buy) and tells a remarkable earnings growth story. Current estimates are calling for Glu to finish the year with bottom-line growth of more than 156%, and the company is projected to see a long-term annual EPS growth rate of 15%. GLUU is also a hot momentum pick after nearly doubling over the past year.

3. inTest Corporation

Prior Close: $8.55

InTest makes ATE interface solutions and temperature management products, which are used by semiconductor manufacturers to perform important testing of certain circuits and wafers. INTT currently sports a Zacks Rank #2 (Buy) and an “A” grade in the Growth category of our Style Scores system. Earnings and cash flow growth are skyrocketing, and investors are getting a great price for that improvement, as the stock has a P/E of 8.6 and a PEG of 0.9. Meanwhile, shares are responding to investor excitement and have climbed nearly 21% in the past twelve weeks.

4. North American Construction Group Ltd.

Prior Close: $7.60

North American Construction provides heavy construction and mining services, primarily in Canada, to large oil, natural gas and resource companies. NOA is a Zacks Rank #1 (Strong Buy) with “A” grades for Growth and Value. The company crushed bottom-line estimates in its most recent quarter, and after positive estimate revisions, it is now expected to witness EPS growth of 229% this fiscal year. Growth is expected to continue into next year, but the stock has hardly gotten expensive at just 16.5x forward earnings.

5. Commercial Vehicle Group, Inc.

Prior Close: $9.45

Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market. CVGI is holding a Zacks Rank #1 (Strong Buy) and looks undervalued at its current share price levels. The stock is trading at just 6.8x forward earnings and has a P/S of 0.4. And that’s not due to share price weakness, as CVGI has added about 32% over the last month. That momentum should continue as CVGI nears its next earnings report, in which it is expected to report earnings growth of 113%.

Bottom Line

A stock’s market price is certainly not the most important factor to consider when considering whether or not to add it to your portfolio, and sales and earnings growth projections can prove to be tough to live up to.

Nevertheless, we can always use Zacks’ proven methods of finding quality stocks, and these five companies just happen to be showing strength while also trading for under $10 per share.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Commercial Vehicle Group, Inc. (CVGI) : Free Stock Analysis Report
 
inTest Corporation (INTT) : Free Stock Analysis Report
 
North American Construction Group Ltd. (NOA) : Free Stock Analysis Report
 
Glu Mobile Inc. (GLUU) : Free Stock Analysis Report
 
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