6 Cheap Stocks Wall Street Analysts Still Love

Miami-based Millicom provides mobile and fiber optic services to consumers and businesses in Latin America. His markets include Colombia, Panama, Paraguay and more.

In the first quarter of 2022, Millicom’s revenue grew 4.5% on an organic basis to $1.41 billion. Ultimately, its operating profit was $234 million, 126.3% higher than the first quarter of 2021. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) were $564 million. million, or 55.8% more than a year ago.

During the quarter, it added 320,000 mobile customers, including 259,000 in Colombia. This increased its subscriber base by 27%, to less than 40 million.

Despite all the good news, TIGO stock is down more than 40% year-to-date (YTD). trade at 0.33x sales – lower than it has been in the past decade – TIGO is a great cheap stock to consider.

Nio (NIO)

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There is currently 37 analysts covering Nio (NYSE:NIO). Of the 37, 29 rate NIO as a “buy”, five rate it as “overweight”, and three rate it as a “hold”. NIO stocks an overall buy rating. The median target price is $29.96, 50% above the stock price at the time of writing.

In May, I suggested that the electric vehicle (EV) manufacturer diversity of products made it a great long-term purchase. At the time, it was trading around $16. He’s made a few dollars since.

The final drag on Nio’s stock price is complaints fact by short seller Grizzly Research that it sells more batteries to its battery-as-a-service (BaaS) business – Nio customers pay for electric batteries each month – than the number of customers using the service, inflating the sales of Nio.

The company has formed a board-level committee to review the complaints. As part of this investigation, he has engaged an international law firm and an accounting firm to assist him in the investigation.

Under $20, I consider Nio to be a great long-term investment.

Cheap stocks: TechnipFMC (FTI)

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There is currently 20 analysts covering TechnipFMC (NYSE:IFT). Of the 20 analysts, 14 rate it as a “buy”, two rate it as “overweight” and four have it as a “hold”. This gives the FTI stock an overall overweight rating. The median target price is $10, 20% above the stock price at the time of writing.

Of all the stocks on my list, FTI is the only one under $10 and the closest to penny stock status.

TechnipFMC is a pure-play technology and service provider to the offshore oil and gas industry. In 2017, Technip and FMC Technologies merged to form a leading company in the energy sector. In February 2021, the company swarmed his Technip Energies (OTCMKTS:THNPY), which specializes in helping energy companies move away from fossil fuels.

On July 5, the company announced that it had signed a letter of intent with the Brazilian subsidiary of Equinor ASA (NYSE:EQNR) to carry out the initial engineering and design studies for the energy company’s proposed gas and condensate development project offshore Brazil. The contract is worth more than $1 billion at TechnipFMC.

FTI ended the first quarter with an order book of $8.9 billion, 23.2% more than a year earlier. The company believes it could win $20 billion in projects over the next 24 months.

If this materializes, FTI will be in double digits before too long.

Azek Society (AZEK)

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There is currently 19 analysts covering Azek Society (NYSE:AZEK). Of the 19 analysts, 16 rate it a “buy”, two rate it “overweight” and one rate it a “hold”. AZEK stock has an overall buy rating. The median target price is $25, which is 16% higher than its stock price at the time of writing.

In November 2020, I have advised AZEK as one of the best initial public offerings (IPOs) of the year to hold for the long term.

“Over the past two years, its sales have grown 26% to $794 million, as it went from a 2017 operating loss of $26 million to an operating profit of $59 million. million in 2019. In the first nine months of 2020, sales are up 10% over last year, with a 3% increase in operating profits,” I wrote on 17 November 2020.

Over the past five years, Azek’s net sales have increased by 17% compounded annually, while its compound annual growth rate (CAGR) for Adjusted EBITDA increased 20% over the same period.

In May, it released second quarter 2022 results, including a 35.2% increase in sales and 29% growth in adjusted net income. For all of 2022, it forecast at least $1.39 billion in sales and adjusted EBITDA of $316 million.

Down 54% year-to-date, AZEK could be the best buy of the bunch.

Cheap stocks: Qualtrics International (XM)

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There is currently 19 analysts covering Qualtrics International (NASDAQ:XM). Of the 19 analysts, 14 rate it as a “buy”, two rate it as “overweight” and three have it as a “hold”. XM stock has an overall buy rating. The median target price is $18.50, which is 47% higher than its stock price at the time of writing.

Approximately 85% of Fortune 100 companies use the Qualtrics Experience Management platform to help their brands improve customer experiences. The platform combines a company’s data to analyze and provide better customer, employee, product and brand experiences for customers, employees, products and brands.

Over the past year, XM stock has lost two-thirds of its value. Even when it sees significant revenue gains like it did in the second quarter of 2022 – revenue growth of 43% at $356.4 million and a 39% increase in the remaining performance bonds to $1.04 billion – it doesn’t seem possible to pause.

It lost 4 cents a share in the second quarter as analysts expected it to break even. His actions fell on the misfire. Constellation Research analyst Holger Mueller is skeptical of its ability to make money.

“With Qualtrics Professional Services losing money, its primary revenue driver is unable to keep up with its spending on research and development, sales and marketing, and general and administrative expenses,” it said recently. Mueller.

A big positive is that Qualtrics is on the Goldman Sachs list conviction buys. It has a target price of $40, significantly higher than where it is currently trading.

Hotel and Resort Hosts (HST)

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Jhere is currently 19 analysts covering Host Hotels and Resorts (NASDAQ:HST). Of the 19 analysts, eight rate it as a ‘buy’, four rate it as an ‘overweight’, five have it as a ‘reserve’ and two rate it as an underweight or a sell. HST stock has an overall overweight rating. The median target price is $22, 25% higher than the stock price at the time of writing.

The world’s largest accommodation real estate investment fund (REITs) has many luxury and high-end hotels. The REIT’s current strategy began in 1996. At the time, it owned 77 full-service hotels and two limited-service hotels, offering 37,210 rooms. Today, it owns 78 hotels in the top 20 US markets, offering 42,300 rooms.

In 2021, the REIT acquired $1.56 billion in hotels, including nearly 40% devoted to the purchase of the Four Seasons Resort Orlando at Walt Disney World Resort. He paid $610 million for the 448-room Four Seasons.

In February, the host paid $35 million in cash and issued $56 million in operating partnership units to acquire 49% of a joint venture with Noble Investment Group. This private equity firm specializes in long-stay hotel assets. It is also investing $150 million as a limited partner in one of Noble’s investment vehicles. This decision gives the REIT access to an asset class that it would not typically consider.

While the REIT Q1 2022 results were still down from 2019 comparables, approaching pre-pandemic levels.

As of the date of publication, Will Ashworth had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.