FRD has a grade of A for Value, Growth, and Momentum and B for Quality. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. This acquisition might position the company as a leading North American steel service center with an expanded geographic presence, scale, and processing capabilities.įRD's POWR Ratings reflect this strong outlook. In addition to the facilities acquired, FRD purchased the steel inventory and customer relationships at Plateplus' Loudon and Houston locations. On May 02, 2022, FRD acquired two high-quality, strategically located facilities from Plateplus, Inc. The Tubular segment produces line and oil country pipes for structural applications. The Coil segment involves converting steel coils into flat and plate sheet cuts. The company operates through two segments: Coil and Tubular. Click here to see additional POWR Ratings (Stability and Growth) for AE.įriedman Industries, Incorporated ( FRD )įRD engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution businesses in the U.S. Within the B-rated Energy - Oil & Gas industry, it is ranked #1 of 98 stocks.
It has a B grade for Sentiment and Quality. The POWR Ratings assess stocks by 118 different factors, each with its weighting.ĪE has a grade of A for Value and Momentum. The stock has an overall grade of A, equating to a Strong Buy in our proprietary rating system. The stock has increased 14.3% over the six months and 12.6% year-to-date to close the last trading session at $31.32.ĪE's POWR Ratings reflect this promising outlook. Analysts expect AE's EPS for the current year to increase 28.7% year-over-year to $3.54. The $764.88 million consensus revenue estimate for the fiscal year 2022, ending December 2022, represents a 51.6% growth from the previous year.
Its forward Price/ Sales ratio of 0.04 compared with the industry average of 1.39. Its forward EV/EBITDA multiple of 1.76 is 69.9% lower than the industry average of 5.84x. In terms of forward EV/Sales, AE is currently trading at 0.02x, 99% lower than the industry average of 1.75x. The company's net earnings and earnings per share came in at $6.09 million and $1.39, registering a growth of 116.9% and 110.6%, respectively, from the prior-year period. Its operating earnings grew 111.6% year-over-year to $8.15 million. In the fiscal 2022 first quarter ended March 31, 2022, AE's revenues increased 137.9% year-over-year to $774.25 million. Each of these stocks possesses solid value and momentum attributes. So, these stocks could be solid investments now. ( GTE ) are showing solid momentum lately but are trading at discounts to their peers. ( AE ), Friedman Industries, Incorporated ( FRD ), First United Corporation ( FUNC ), and Gran Tierra Energy Inc. Undervalued stocks with strong financials, healthy cash flows, and solid growth prospects could see a solid rebound when recession concerns subside.įundamentally sound stocks Adams Resource & Energy, Inc. However, the extended market correction over the past couple of months has led several fundamentally strong stocks to trade at attractive valuations. While the market witnessed a rebound last week, the expected monetary policy is adding fuel to recession concerns and will likely keep the market under significant pressure. Moreover, the Fed is expected to deliver another 75 basis-point interest rate hike next month, followed by a 50 basis-point rise in September.
Continue reading….Įarlier this month, the Federal Reserve raised interest rates by 75 basis points to tame the 40-year high inflation. Therefore, it could be wise to invest in quality stocks Adams Resource & Energy (AE), Friedman Industries (FRD), First United (FUNC), and Gran Tierra (GTE), which have gained solid momentum lately but are still trading at discounts to their peers. While the market rebounded last week, the volatility is not expected to lessen anytime soon because of the recession fears.
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