Place Performer in ’22: 1 Auto Ingredients Stock With a 450% Upside

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The auto parts industry did comely effectively no matter the stressful atmosphere and provide chain bottlenecks in 2021. Outstanding stocks love Linamar Company (+12.25%) and Magna Global (+15.8%) did no longer disappoint merchants and delivered sure returns.

Nonetheless, Uni-Take (TSX:UNS) changed into the high-flyer with its 217.4% overall return. The stock’s performance changed into rather a lot better than the broader market and the red-hot vitality sector. For 2022, Westport Fuel Systems Inc. (TSX:WPRT)(NASDAQ:WPRT) could be the industry’s high growth stock and worth performer.

Westport is absurdly low worth ($2.35 per part), though market analysts are bullish. Their 12-month realistic tag goal is $13.04, or a ability upside of 454.9%. Within the interim, Uni-Take is coming near near its 52-week high.

Yelp alternatives forward

Uni-Take will most up-to-date its Q4 and fats-365 days 2021 earnings results on February 18, 2022. Within the 9 months ended September 30, 2021, complete gross sales elevated 9.7%, while derive loss improved 69% versus the equal length in 2020. Particularly, derive earnings in Q4 2021 climbed 167.8% to US$11.92 million when in contrast with Q4 2020.

In step with Brian McManus, Uni-Take’s executive chairman and CEO, the quarterly results judge the continued operational improvement and persisted sequential recovery in the industry. The $1 billion company from Boucherville distributes car refinish, industrial coatings, and linked products in North The US.

Uni-Take is the leader in the car aftermarket parts industry no longer handiest in Canada nonetheless also in the UK. McManus unearths the terminate to-term point of curiosity is to align the core corporations with management’s vision for the long term. Uni-Take is positioning the industry for the long term and must quiet capitalize on the alternatives forward.

Market analysts overlaying the stock look a return ability of no no longer as a lot as 24.9%. The worth could climb from $22.96 to $28.68 in 12 months.

Substantial returns in the terminate to term

Westport Fuel Systems carries a pick rating from market analysts nonetheless continues to waft below the radar. The $401.36 million company delivers different gasoline programs for exhaust in transportation purposes globally. About 70 worldwide locations exhaust the evolved neat gasoline programs in passenger car & gentle vans, buses, and heavy-responsibility vans.

The fats-365 days 2021 results aren’t out but nonetheless it’s devoted to claim that the first 9 months changed into a recovery length for Westport. Within the 9 months ended September 30, 2021, complete revenue elevated 36% to US$229.8 million. Procure earnings changed into US$8.3 million, or a 173% turnaround from the US$11.5 million derive loss in the equal length in 2020.

In Q3 2021, revenue growth versus Q3 2020 changed into 14%, though Westport incurred US$5.8 million losses because of bigger working charges, lower authorities wage-subsidy and give a protect terminate to purposes, plus lower foreign alternate features. Mild, it changed into encouraging because of the the improving vogue in the industry.

Wall Avenue notes the increasing seek records from for electrical automobiles. Westport wants to be to your watchlist since the Canadian company will play a chief role in the world vitality transition. Merchants portray the stock as a manufacturing play at coronary heart. The company will provide natural gasoline-powered vans to Amazon’s swiftly.  

Trip on the growth

Request Westport Fuel Systems to upward push from obscurity in 2022 because of the the different gasoline auto industry growth. As mentioned earlier, now could be an very just trusty time to take dangle of up this auto parts stock. The aptitude return in the terminate to term could be huge.