5 Cheap Growth Stocks For Q2 2021

JNJ also has a Value Grade of B. The stock currently has a forward P/E of only 17.12 and is trading 14% below its average analyst price target. We also provide grades Momentum, Stability, Sentiment, and Quality grades for JNJ. You can find those here. JNJ is ranked #1 in the Medical – Pharmaceutical industry. You can see other top stocks in this industry by clicking here.

Target Corporation

TGT is just about as well-known as JNJ and is one of the largest discount retailers in the country. The company currently has around 1,900 stores in the U.S. It has been focused on increasing the appeal of its store through enhancing its digital capabilities and expanding its same-day fulfillment options. In its most recent quarterly report, the company reported market share gains in all of its merchandise categories (Apparel, Beauty, Electronics, Essentials and Food & Beverage) due to strong demand

The company is benefiting from a trend in consumers shopping at discount stores. This is expected to continue for some time. Its same-day services such as Drive Up & Pick Up are bringing more customers. Plus, its partnerships should enhance its product selection. One example is its partnership with Ulta. The company is also increasing its private-label offerings and its Food & Beverage segment. Both should aid growth.

TGT has an overall grade of A, which is a Strong Buy Rating in our POWR Ratings system. The company has a Growth Grade of B and a Value Grade of B. This indicates that its growth potential is not only strong, but the stock is trading at an attractive valuation. In the most recent report quarter, earnings rose 58% year over year, and revenue increased 20%. Earnings are expected to soar 252.5% in the current quarter.

The stock is also trading at a low valuation. Its price-to-cash-flow ratio is 13.6, which is much lower than the industry average. Plus, its EV/EBITDA is 12.4, also below the industry average. To access the rest of TGT’s grades (Momentum, Stability, Sentiment, and Quality), click here. TGT is ranked #3 in the A-rated Grocery/Big Box Retailers industry. For more top stocks in that industry, click here.

Dell Technologies Inc 

While many investors and consumers know DELL from their well-known computer products, the company also is a top vendor of IT infrastructure products and services. This is due to its 2016 acquisition of EMC. The company reported great fourth-quarter results in February, beating analyst estimates in both earnings and revenue.

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Roger Keats 2 months ago Member's comment

Good read