Mark Performer in ’22: 1 Auto Parts Stock With a 450% Upside

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The auto parts industry did rather great despite the exciting ambiance and present chain bottlenecks in 2021. Prominent shares like Linamar Company (+12.25%) and Magna World (+15.8%) did no longer disappoint merchants and delivered obvious returns.

On the a lot of hand, Uni-Use out (TSX:UNS) turned into the high-flyer with its 217.4% total return. The stock’s efficiency turned into severely better than the broader market and the purple-hot vitality sector. For 2022, Westport Gasoline Methods Inc. (TSX:WPRT)(NASDAQ:WPRT) may possibly perhaps perhaps perhaps presumably be the industry’s high boost stock and price performer.

Westport is absurdly cheap ($2.35 per fragment), although market analysts are bullish. Their 12-month realistic attach goal is $13.04, or a seemingly upside of 454.9%. Meanwhile, Uni-Use out is drawing shut its 52-week high.

Pronounce opportunities forward

Uni-Use out will new its Q4 and entire-one year 2021 earnings outcomes on February 18, 2022. In the 9 months ended September 30, 2021, total sales increased 9.7%, whereas assemble loss improved 69% versus the same length in 2020. Particularly, assemble earnings in Q4 2021 climbed 167.8% to US$11.92 million when put next with Q4 2020.

Per Brian McManus, Uni-Use out’s govt chairman and CEO, the quarterly outcomes speak the continuing operational enchancment and endured sequential recovery in the change. The $1 billion company from Boucherville distributes car refinish, industrial coatings, and linked products in North The United States.

Uni-Use out is the leader in the car aftermarket parts change no longer handiest in Canada but furthermore in the UK. McManus reveals the shut to-term heart of attention is to align the core firms with management’s vision for the prolonged drag. Uni-Use out is positioning the change for the prolonged term and ought to level-headed capitalize on the opportunities forward.

Market analysts covering the stock peek a return seemingly of a minimal of 24.9%. The worth may possibly perhaps perhaps perhaps climb from $22.96 to $28.68 in 12 months.

Broad returns in the shut to term

Westport Gasoline Methods carries a buy rating from market analysts but continues to trudge beneath the radar. The $401.36 million company delivers more than a couple of gas programs for instruct in transportation functions globally. About 70 international locations instruct the nice neat gas programs in passenger automobile & mild trucks, buses, and heavy-accountability trucks.

The corpulent-one year 2021 outcomes aren’t out but but it’s pleasant to say that the necessary 9 months turned into a recovery length for Westport. In the 9 months ended September 30, 2021, total earnings increased 36% to US$229.8 million. In discovering profits turned into US$8.3 million, or a 173% turnaround from the US$11.5 million assemble loss in the same length in 2020.

In Q3 2021, earnings boost versus Q3 2020 turned into 14%, although Westport incurred US$5.8 million losses attributable to higher working prices, decrease authorities wage-subsidy and reinforce functions, plus decrease international alternate gains. Tranquil, it turned into encouraging attributable to of the bettering development in the change.

Wall Avenue notes the increasing quiz for electric autos. Westport wants to be to your watchlist for the reason that Canadian company will play a the largest role in the global vitality transition. Merchants listing the stock as a producing play at coronary heart. The company will present natural gas-powered trucks to Amazon’s rapidly.  

Stir on the boost

Set a matter to Westport Gasoline Methods to upward push from obscurity in 2022 attributable to of the a lot of gas auto industry boost. As talked about earlier, now may possibly perhaps perhaps perhaps be an graceful time to catch up this auto parts stock. The capacity return in the shut to term may possibly perhaps perhaps perhaps presumably be colossal.

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