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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Steel Stocks With Upside

4. Metals USA Holdings (MUSA) provides processed carbon steel, stainless steel, aluminum, red metals and manufactured metal components. The company's operations are structured into three groups: plates and shapes, flat-rolled and non-ferrous, and building products.

Net sales for the first quarter of 2011 increased 50% to $432.3 million from the year-ago quarter. Net income stood at $12.4 million or 33 cents per share, compared to $0.1 million or breakeven per share in the first quarter of 2010. Metal shipments for the quarter were up 48%, including shipments from the company's acquisitions made during the first quarter of 2011.

Pursuant to its strategy to strengthen its position in the national steel and metals industry, Metals USA has been integrating its purchases and is vying for a few more acquisitions in the future to gain market share. The company's CEO recently said that the integration of its acquired entities -- J. Rubin, Rockford, Ill.; Ohio River Metal Services, Jeffersonville, Ind.; and Richardson Trident - is on target and the company is achieving its identified synergies.

Of the nine analysts covering the stock, 78% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. The stock's average 12-month price target is $21.25, about 38.6% higher than the current price, as per analysts surveyed by Bloomberg.

8 of 11

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,095.10 +8.47 0.05%
S&P 500 1,989.85 +2.84 0.14%
NASDAQ 4,476.6410 +2.9440 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs