If you're aiming to buy low and sell high, then it makes infinite sense to start your search with bargain-priced stocks. Regularly reviewing a list of stocks trading near their 52-week lows can be a great first step.
Here, I'll try to do the initial legwork for you. To prevent us from being inundated with scores of disparate companies, I'll conduct my search by industry. This will allow us to make some initial comparisons among semi-related companies.
Today, let's look at air freight and logistics stocks. Below are the five companies in this space that are within 20% of their 52-week lows and have market caps above $200 million.
|
Company |
Recent Price |
52-Week Low |
52-Week High |
P/E Ratio (Trailing) |
|---|---|---|---|---|
|
United Parcel Service |
$66.25 | $62.61 | $77.00 | 16.3 |
|
FedEx |
$84.52 | $77.25 | $98.66 | 18.4 |
|
CH Robinson Worldwide |
$70.71 | $63.82 | $82.61 | 28.3 |
|
UTi Worldwide |
$15.56 | $13.57 | $24.05 | 23.7 |
|
Air Transport Services Group |
$5.03 | $4.48 | $8.65 | 9.3 |
Sources: Capital IQ (a division of Standard & Poor's) and Yahoo! Finance.
I love seeing blue chips like UPS and FedEx on sale. They're not quite Filene's Basement cheap, but it's a good time to start researching them. If you believe analyst estimates, they both trade under a forward P/E ratio of 15.
The other company that pops out of this screen is Air Transport Services. Its 9.3 trailing P/E ratio is tantalizing. Looking at its 6.4 forward P/E ratio, I'd say the story gets even better. I'm putting this on my list of companies to dig into.
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