5 Value Stocks To Watch In The Basic Materials Sector
Portfolio Pulse from Benzinga Insights
Benzinga Insights has identified five value stocks in the basic materials sector based on low P/E multiples, indicating potential undervaluation. The stocks include Warrior Met Coal (HCC), Boise Cascade (BCC), Celanese (CE), Loma Negra Cia Industria (LOMA), and Origin Mat (ORGN). HCC reported increased Q3 EPS and a slight decrease in dividend yield. BCC experienced a slight decrease in EPS, while CE reported increased EPS and a minor increase in dividend yield. LOMA and ORGN both reported significant increases in their Q3 EPS.
November 24, 2023 | 2:38 pm
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NEUTRAL IMPACT
Boise Cascade experienced a minor decrease in Q3 EPS. The stock is considered a value stock with a P/E of 9.07.
The decrease in EPS might be a negative signal, but given it's minor, the impact on the stock price may be limited. The low P/E ratio could still appeal to value investors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Celanese reported an increase in Q3 EPS and a slight increase in dividend yield. The stock has a P/E of 7.08, indicating value.
The increase in both EPS and dividend yield is a positive development that could lead to a rise in stock price as it may attract both growth and income investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Warrior Met Coal reported a 13.5% increase in Q3 EPS and a slight decrease in dividend yield. With a P/E of 6.36, it's considered a value stock.
The increase in EPS is a positive sign for profitability, which could attract investors. However, the slight decrease in dividend yield might be a concern for income-focused investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Loma Negra Cia Industria's Q3 EPS saw a significant increase from Q2. With a P/E of 8.19, it's categorized as a value stock.
The significant increase in EPS is a strong positive indicator, which could lead to increased investor interest and a potential uptick in the stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Origin Mat reported a 540% increase in Q3 EPS from a negative Q2. The stock's P/E of 2.6 suggests it's a strong value stock.
The dramatic increase in EPS, especially from a negative figure, is a very bullish sign. The extremely low P/E ratio could make it highly attractive to value investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85