Today we have shortlisted 12 stocks that have been under heavy selling pressure during the past three months and year-to-date period, but things seem to be turning around for these stocks in the near future. These stocks are likely to provide share price returns of up to 80% in 2014 from their current levels, based on average price targets of analysts polled by Bloomberg. We note that these stocks have registered strong EPS growth in 2013. Additionally, these stocks are rated a ‘Buy’ by a majority of the analysts and have three-month average trading volume of over 100,000.
| Company Name |
Exchange |
Ticker |
Sector |
Market Cap |
Last Price |
3-Months Average Volume |
3-Months Price Change |
Price Change |
EPS Growth |
Total Buy Rating |
Consensus Target Price* |
Implied Upside |
|
Counsel Corp |
TSX |
CXS |
Financial |
176.3 |
1.78 |
185,446 |
-11.6% |
-19.0% |
45.5% |
100% |
3.23 |
81.4% |
|
Avigilon Corp |
TSX |
AVO |
Industrial |
929.5 |
20.02 |
570,215 |
-32.5% |
-34.9% |
145.5% |
80% |
36.28 |
81.2% |
|
Universal Display Corp |
NASDAQ |
OLED |
Industrial |
1,141.0 |
24.54 |
623,834 |
-23.6% |
-28.6% |
666.7% |
62% |
37.41 |
52.4% |
|
Coherent Inc |
NASDAQ |
COHR |
Industrial |
1,417.2 |
56.84 |
117,898 |
-13.2% |
-23.6% |
3.0% |
88% |
79.93 |
40.6% |
|
China Lodging Group |
NASDAQ |
HTHT |
Consumer Services |
1,330.8 |
21.85 |
203,772 |
-18.0% |
-28.3% |
58.3% |
71% |
30.19 |
38.2% |
|
Tyler Technologies |
NYSE |
TYL |
Technology |
2,548.0 |
77.19 |
223,610 |
-18.1% |
-24.4% |
12.8% |
70% |
106.29 |
37.7% |
|
Luxoft Holding Inc |
NYSE |
LXFT |
Technology |
956.5 |
29.20 |
159,701 |
-30.5% |
-23.1% |
2.8% |
71% |
39.67 |
35.9% |
|
Intertape Polymer Group Inc |
TSX |
ITP |
Industrial |
728.7 |
11.99 |
251,540 |
-8.8% |
-14.5% |
220.0% |
100% |
16.00 |
33.4% |
|
CoreLogic Inc |
NYSE |
CLGX |
Consumer Services |
2,529.3 |
27.54 |
954,769 |
-18.7% |
-22.5% |
14.2% |
67% |
36.40 |
32.2% |
|
Chart Industries Inc |
NASDAQ |
GTLS |
Industrial |
2,248.3 |
73.79 |
563,698 |
-16.1% |
-22.8% |
15.1% |
73% |
95.43 |
29.3% |
|
Bally Technologies |
NYSE |
BYI |
Technology |
2,366.7 |
60.26 |
682,873 |
-13.3% |
-23.2% |
50.2% |
69% |
77.50 |
28.6% |
|
WestJet Airlines Ltd |
TSX |
WJA |
Airlines |
3,014.8 |
24.21 |
513,978 |
-5.1% |
-13.1% |
14.5% |
65% |
30.34 |
25.3% |
Source: Bloomberg
Market cap and last price are in their respective currencies
* Consensus Target Price is for 12-months from current levels
Company Description:
Counsel Corp (TSX: CXS)
Counsel Corp. is a financial services company. The company operates through its individually branded businesses, primarily in residential mortgage lending, distressed and surplus capital asset transactions, real estate finance and private equity investment.
Avigilon Corp (TSX: AVO)
Avigilon Corporation manufactures surveillance equipment. The company produces high definition, network-based video surveillance systems and equipment for video capture, transmission, recording, and playback.
Universal Display Corp (NASDAQ: OLED)
Universal Display Corporation is a member of the United States Display Consortium. The consortium is a cooperative industry/government effort aimed at developing an infrastructure to support a North American flat panel display infrastructure. The company and its partners are developing high-resolution, full color, light weight Organic Light Emitting Diode (OLED) technology.
Coherent Inc (NASDAQ: COHR)
Coherent, Inc. is a global company that manufactures and sells a variety of laser-based photonic products. The company’s products are used in manufacturing and instrumentation applications that include optical telecommunication, semiconductor manufacturing, inspection and test, advance packaging, and reprographics. The electro-optical market consists of Fortune 500 customers.
China Lodging Group Ltd (NASDAQ: HTHT)
China Lodging Group Ltd. operates a hotel chain in China. The company mainly utilizes a lease-and-operate model, under which they directly operate hotels that are typically located in prime locations of selected cities. China Lodging also employs a franchise-and-manage model, under which they manage franchised hotels.
Tyler Technologies Inc (NYSE: TYL)
Tyler Technologies, Inc. provides end-to-end information management solutions and services for local governments. The company’s client base includes local government offices throughout the United States, Canada, Puerto Rico, and the United Kingdom.
Luxoft Holding Inc (NYSE: LXFT)
Luxoft Holding, Inc. is a leading global provider of software development services and innovative IT solutions primarily to large multinational corporations. The company’s software development services consist of core and mission-critical custom software development and support, product engineering and testing, and technology consulting.
Intertape Polymer Group Inc (TSX: ITP)
Intertape Polymer Group Inc. develops, manufactures, and sells a variety of paper and film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics and complementary packaging systems for industrial and retail use.
CoreLogic Inc (NYSE: CLGX)
CoreLogic, Inc. provides consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics. CoreLogic offers mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services.
Chart Industries Inc (NASDAQ: GTLS)
Chart Industries, Inc. is a global manufacturer of equipment used in the production, storage, and end-use of hydrocarbon and industrial gases.The company’s products include vacuum-insulated containment vessels, heat exchangers, cold boxes, and other cryogenic components.
Bally Technologies Inc (NYSE: BYI)
Bally Technologies Inc. designs, manufactures, distribute gaming devices, systems, and technology solutions worldwide. The company’s product line includes slot machines, video slots, wide-area progressives and Class II, lottery and central determination games and platforms. Bally’s offers casino management, slot accounting, bonusing, cashless and table management solutions.
WestJet Airlines Ltd (TSX: WJA)
WestJet Airlines Ltd. is a low-fare airline that provides scheduled passenger jet service across Canada and to United States destinations. The company also provides charter service for Transat A.T. to destinations in the United States, Mexico, and the Caribbean.
