Container Giant Owens-Illinois Debuts At Number One On ValuEngine SP500 Top-Stock List

For today’s bulletin, we present key metrics for the top picks in the S&P 500. Check out our latest SP500 top-ten stock list.

VALUATION WARNING: Overvalued stocks now make up 65.65% of our stocks assigned a valuation and 29.41% of those equities are calculated to be overvalued by 20% or more. Fourteen sectors are calculated to be overvalued.

ValuEngine tracks more than 7000 US equities, ADRs, and foreign stock which trade on US exchanges as well as @1000 Canadian equities.  When EPS estimates are available for a given equity, our model calculates a level of mispricing or valuation percentage for that equity based on earnings estimates and what the stock should be worth if the market were totally rational and efficient–an academic exercise to be sure, but one which allows for useful comparisons between equities, sectors, and industries. Using our Valuation Model, we can currently assign a VE valuation calculation to more than 2800 stocks in our US Universe.

We also use trading data to provide forecast estimates for a variety of time horizons for almost ever equity in our database. Our Buy/Sell/Hold recommendations are based upon the 1-year forecast return figure. Using valuation and forecast figures, you can rank and rate our covered stocks against each other, to find out, in an objective and systematic way, the most attractive investment targets based on your own risk/reward parameters. We re-calculate the entire database every trading day, so you are assured that every proprietary valuation and forecast datapoint is as up-to-date as possible.

We can use our data to track individual stocks, industries, sectors, and indices. For today’s bulletin, we present key metrics for the top picks in the S&P 500. The companies listed below represent the top-ten BUY/STRONG BUY stocks within the index. They are presented below according to their one-month forecast target prices.

This week, we saw a 40% turnover for our list since the last time we looked at the SP500 in December. Our new leader is Owens-Illinois (OI). Our last number one pick, Navient Corp, dropped to third. Other decliners include UNUM Group and Hewlett Packard Enterprise.

Our other newcomers are Principal Financial, Borg Warner, and Morgan Stanley. We also had three firms improve their positions this week–Lincoln National, HP Incorporated, and Discover Financial Services.

We have a top-ten list that is dominated by Finance Sector firms this time around. In addition, Discover, Principal Financial, Borg Warner and Morgan Stanley are BUY-rated companies. The remaining firms are all considered STRONG BUY stocks.

Ticker
Company Name
Market Price
Valuation
Last 12-M Retrn
1-M Forecast Retn
1-Yr Forecast Retn
P/E Ratio
Sector Name
Dec. 29, 2016
OI
OWENS-ILLINOIS
19.83
-0.51%
56.64%
1.32%
15.91%
8.58
Industrial Products
NAVI
LNC
LINCOLN NATL-IN
68.92
11.13%
75.68%
1.25%
15.02%
10.66
Finance
HPE
NAVI
NAVIENT CORP
15
14.40%
61.12%
1.21%
14.62%
8.18
Finance
LNC
HPQ
HP INC
14.99
12.66%
50.35%
1.13%
13.54%
9.25
Computer and Technology
UNM
UNM
UNUM GROUP
45.77
16.07%
60.65%
1.06%
12.73%
11.67
Finance
AMAT
DFS
DISCOVER FIN SV
68.77
7.02%
49.34%
1.06%
12.71%
11.83
Finance
R
PFG
PRINCIPAL FINL
57.2
5.52%
50.72%
1.05%
12.66%
12.43
Finance
URI
BWA
BORG WARNER INC
41.03
-17.89%
37.82%
1.05%
12.65%
12.55
Auto-Tires-Trucks
DFS
MS
MORGAN STANLEY
42.7
8.50%
66.08%
1.04%
12.44%
14.12
Finance
HPQ
HPE
HEWLETT PKD ENT
22.59
N/A
63.81%
1.02%
12.23%
11.53
Computer and Technology
TWX

NOTE: New stocks are in BOLD, old stocks that have moved up the list are in GREEN, old stocks that have declined in position are in RED, and stocks which have retained their position are in CAPS.

Below is today’s data on our SP500 top-ten leader, Owens-Illinois (OI):

Owens-Illinois, Inc. manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. The Company produces glass containers for malt beverages, including beer and ready-to-drink low-alcohol refreshers, liquor, wine, food, tea, juice and pharmaceuticals. It also produces glass containers for soft drinks and other non-alcoholic beverages. Owens-Illinois, Inc. is headquartered in Perrysburg, Ohio.

ValuEngine continues its STRONG BUY recommendation on OWENS-ILLINOIS for 2017-02-01. Based on the information we have gathered and our resulting research, we feel that OWENS-ILLINOIS has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE P/E Ratio and Price Sales Ratio.

You can download a free copy of detailed report on Owens-Illinois (OI) from the link below.

ValuEngine Forecast
Target
Price*
Expected
Return
1-Month
20.09 1.32%
3-Month
20.12 1.45%
6-Month
20.49 3.31%
1-Year
22.99 15.91%
2-Year
19.46 -1.86%
3-Year
18.44 -7.00%
Valuation & Rankings
Valuation
0.51% undervalued
Valuation Rank(?)
67
1-M Forecast Return
1.32%
1-M Forecast Return Rank
100
12-M Return
56.64%
Momentum Rank(?)
81
Sharpe Ratio
-0.17
Sharpe Ratio Rank(?)
35
5-Y Avg Annual Return
-4.82%
5-Y Avg Annual Rtn Rank
37
Volatility
28.14%
Volatility Rank(?)
57
Expected EPS Growth
9.52%
EPS Growth Rank(?)
37
Market Cap (billions)
3.27
Size Rank
78
Trailing P/E Ratio
8.58
Trailing P/E Rank(?)
96
Forward P/E Ratio
7.84
Forward P/E Ratio Rank
93
PEG Ratio
0.90
PEG Ratio Rank
46
Price/Sales
0.49
Price/Sales Rank(?)
85
Market/Book
6.35
Market/Book Rank(?)
21
Beta
1.58
Beta Rank
18
Alpha
0.12
Alpha Rank
67

DOWNLOAD A FREE SAMPLE OF OUR OWENS-ILLINOIS (OI) REPORT BY CLICKING HERE


ValuEngine Market Overview

Summary of VE Stock Universe
Stocks Undervalued
34.35%
Stocks Overvalued
65.65%
Stocks Undervalued by 20%
13.81%
Stocks Overvalued by 20%
29.41%

ValuEngine Sector Overview

Sector
Change
MTD
YTD
Valuation
Last 12-MReturn
P/E Ratio
0.39%
0.44%
3.34%
22.20% overvalued
34.79%
24.73
0.07%
0.11%
2.99%
16.59% overvalued
27.85%
19.80
-0.02%
0.01%
1.58%
14.56% overvalued
23.35%
18.06
0.04%
0.15%
4.61%
13.04% overvalued
25.38%
29.88
-0.27%
-0.23%
1.09%
12.11% overvalued
17.06%
23.62
-1.17%
-1.11%
1.06%
11.75% overvalued
18.59%
22.62
-0.06%
-0.02%
2.41%
11.62% overvalued
27.93%
20.03
0.16%
0.21%
2.77%
10.13% overvalued
43.80%
28.70
0.34%
0.39%
2.17%
8.86% overvalued
38.79%
14.79
-0.14%
-0.09%
4.67%
8.33% overvalued
28.66%
19.86
-0.00%
0.03%
1.44%
8.28% overvalued
12.16%
23.83
0.60%
0.76%
8.88%
8.23% overvalued
90.30%
27.12
0.19%
0.22%
2.05%
6.83% overvalued
39.23%
20.88
-0.13%
-0.08%
1.53%
4.48% overvalued
23.00%
24.84
-0.28%
-0.22%
-2.05%
0.64% undervalued
8.83%
22.90
0.46%
0.57%
4.95%
2.62% undervalued
5.45%
27.51

ValuEngine.com is an independent research provider, producing buy/hold/sell recommendations, target price, and valuations on over 7,000 US and Canadian equities every trading day.

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