This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Barrington Updates Best Stock Picks for 2011

BOSTON ( TheStreet) -- Barrington Research has updated its market-beating list of Best Ideas for 2011, which includes stocks such as Sirius XM (SIRI - Get Report), Imax (IMAX - Get Report) and others it expects to rise up to 65%.

Investors may not be as familiar with Chicago-based Barrington Research as they are with Morgan Stanley or Credit Suisse, but the firm's Best Ideas List outperformed key benchmarks in 2010, when it was first started.

Barrington's list is updated quarterly and represents analysts' top picks for the coming 12 months. It is currently composed of 15 stocks with an average market value of $1.5 billion and median market cap of $800 million. Since inception on Jan. 1, 2010, Barrington's best stock picks have risen 44.5%, outpacing gains on the S&P 500 (18.9%) and the Russell 2000 (34.9%). That success continued in the first quarter, as the Best Ideas portfolio was up 6.8%, excluding dividends, better than the 5.4% rise on the S&P 500 but below the performance of the Russell 2000 (up 7.6%), on the same basis.

At the top of the portfolio's best performers during the first quarter, Orasure Technologies (OSUR) rallied 37%, Navistar International (NAV) jumped nearly 20% and Copart (CPRT) climbed 16%. On the downside, education stocks Grand Canyon Education (LOPE - Get Report) and Bridgepoint Education (BPI - Get Report) dropped 26% and 10%, respectively, after a stellar fourth-quarter run.

The latest overhaul sees two additions to the list and one stock banished from the group. Orasure, which had been the best performer during the first quarter, was pulled after the departure of the analyst covering the stock. Barrington said it still maintains an "outperform" rating on Orasure, but that it is removing the stock from its list as a conservative move during the analyst transition period.

The 15 stocks on Barrington's list are arranged below in order of potential upside, based on the firm's 12-month price target and the stock's closing price as of March 31.


Copart (CPRT)

Company Profile: Copart is a provider of online auctions in the U.S., Canada and the U.K.

Current Share Price: $43.87 (April 11)

Potential Upside from March 31: 3.9% based on a price target of $45

Barrington's Take: Copart again makes Barrington's list, although there isn't as much upside given the 15% rally in shares during the first quarter. Still, Barrington sees value in Copart thanks to brand-awareness initiatives the company has undertaken as well as new business due to a national contract with Allstate (ALL).

"Despite the gross margin headwind related to the Allstate contract and the potential impact of higher gas prices and miles driven and total losses, we believe CPRT's volume growth in the back half of [2011] will be healthy due to Allstate, as well as increased efforts to penetrate the dealer market for late model used cars," Barrington wrote.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CAB $43.49 -4.90%
BPI $9.38 0.00%
INWK $7.22 0.00%
IMAX $36.20 0.00%
LOPE $43.11 0.00%

Markets

Chart of I:DJI
DOW 17,568.53 -127.94 -0.73%
S&P 500 2,079.65 -12.01 -0.58%
NASDAQ 5,088.63 -48.8540 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs