12 Beaten Down Stocks Likely to Bounce Back Upto 75%: Investment Idea of the Day

Published:

Today, we have picked 12 stocks which 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 upto 75% 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 and are estimated to register strong EPS growth in 2014. Additionally, these stocks are rated a ‘Buy’ by a majority of the analysts covering these stocks and have three months average trading volume of over 100,000.

Company Name

Exchange

Ticker

Market Cap
(MM)

Last Price

3-Months Average Volume

3-Months Price Change

Price Change
(YTD)

EPS Growth
(2013)

EPS Growth
(2014E)

Total Buy Rating

Consensus Target Price

Implied Upside

RetailMeNot Inc

NASDAQ

SALE

1,522.0

25.44

1,600,467

-12.6%

-11.6%

100.0%

238.8%

71%

45.00

76.9%

BlackPearl Resources

TSX

PXX

725.0

2.16

1,252,445

-30.8%

-4.8%

NM

190.0%

63%

3.55

64.2%

Daktronics Inc

NASDAQ

DAKT

496.9

11.49

234,477

-11.4%

-26.7%

170.0%

35.2%

75%

18.00

56.7%

LifeLock Inc

NYSE

LOCK

1,218.7

13.19

1,746,667

-13.9%

-19.6%

227.8%

19.5%

89%

20.50

55.4%

Boulder Brands Inc

NASDAQ

BDBD

730.1

11.99

565,160

-21.8%

-24.4%

142.9%

72.6%

69%

18.25

52.2%

Tree.com Inc

NASDAQ

TREE

284.5

25.13

113,391

-13.3%

-23.5%

70.0%

18.4%

100%

37.00

47.2%

Financial Engines Inc

NASDAQ

FNGN

1,920.0

37.32

557,888

-15.3%

-46.3%

52.5%

21.6%

71%

53.88

44.4%

Artek Exploration Ltd

TSX

RTK

271.3

3.52

676,962

-16.6%

-1.1%

NM

292.0%

80%

5.08

44.2%

Canfor Corp

TSX

CFP

3,188.6

23.01

555,666

-8.2%

-13.7%

794.4%

11.8%

75%

31.14

35.3%

BRP Inc

TSX

DOO

3,152.6

26.65

170,310

-10.4%

-11.6%

431.8%

6.6%

85%

34.30

28.7%

Dorman Products Inc

NASDAQ

DORM

1,809.3

49.57

311,343

-13.2%

-11.5%

22.3%

19.5%

75%

62.70

26.5%

Gulfmark Offshore Inc

NYSE

GLF

1,050.2

38.93

187,760

-13.0%

-17.4%

269.9%

30.3%

62%

47.43

21.8%

Source: Bloomberg
Market cap and last price are in their respective currencies
* Consensus Target Price is for 12-months from current levels

Company Description:

RetailMeNot Inc (NASDAQ: SALE)   
RetailMeNot, Inc. provides online coupon and deals. The company offers online deal information that enables users to purchase goods and services at a discount. RetailMeNot operates in the United States.

BlackPearl Resources Inc (TSX: PXX)         
BlackPearl Resources Inc. is an oil and gas exploration and development company. The company’s focus is heavy oil and oil sands assets located in western Canada.

Daktronics Inc (NASDAQ: DAKT)     
Daktronics, Inc. supplies electronic scoreboards, computer programmable display systems, and large video displays for sport, business, and government applications. The company designs, manufactures, installs, and services integrated systems that display real-time data, graphics, animation, and video.

LifeLock Inc (NYSE: LOCK) 
LifeLock, Inc. offers identity theft protection services. The company provides services that include credit monitoring, identity threat scans, identity theft alerts, and monitoring of credit scores. LifeLock markets its services to customers in the United States.

Boulder Brands Inc (NASDAQ: BDBD)         
Boulder Brands Inc. produces and markets a variety of food products with the blend of natural vegetable oils, which are designed to help improve the cholesterol ratio.The company has produced spreads, cheeses, peanut butter, and other foods.

Tree.com Inc (NASDAQ: TREE)       
Tree.com, Inc. operates a lending business and real estate business. The company originates, processes, approves and funds various types of residential real estate loans and offers residential mortgage loan settlement services. Tree.com also provides brokerage that matches residential home buyers interested in newly constructed homes with builders.

Financial Engines Inc (NASDAQ: FNGN)     
Financial Engines Inc. is an investment advisory firm. The firm offers retirement plans for employees focused on investments, savings, and retirement income.

Artek Exploration Ltd (TSX: RTK)    
Artek Exploration Ltd. explores for oil and natural gas. The company operates in Alberta and British Columbia in Canada.

Canfor Corp (TSX: CFP)      
Canfor Corporation is an integrated forest products company that produces and supplies SPF lumber, oriented strand board, plywood, kraft pulp and kraft paper. The company also produces remanufactured lumber products, hardboard paneling and special baled fibre products.  In addition, Canfor produces kraft pulp and newsprint through a joint venture partnership with Howe Sound Pulp and Paper.

BRP Inc (TSX: DOO)           
BRP Inc. produces Ski-Doo snowmobiles, Sea-Doo personal watercraft, all-terrain vehicles and motorcycles including the three-wheeled Can-Am Spyder roadster as well as engines.

Dorman Products Inc (NASDAQ: DORM)     
Dorman Products, Inc. supplies automotive products and home hardware. The company supplies its products to the automotive aftermarket and mass merchandise markets.

Gulfmark Offshore Inc (NYSE: GLF)
GulfMark Offshore, Inc. provides marine support services to the energy industry. The company’s vessels transport drilling materials, supplies, and personnel to offshore facilities, as well as move and position drilling structures. GulfMark operates primarily in the North Sea and offshore Southeast Asia.

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