NEW YORK ( TheStreet) -- Toll Brothers ( TOL), Ashland ( ASH), Big Lots ( BIG) and AbitibiBowater ( ABH) are among 10 stocks across diverse industry verticals from the midcap sector with potential upsides according to analysts' consensus estimate polled by Bloomberg.

Based on positive company developments and favorable earnings, analysts have assigned significant buy and hold ratings for these stocks.

While few of the identified companies have rewarded shareholders in the form of dividends and high dividend yields, a few are trading at attractive valuations such as low price-to-earnings (P/E) and price-to-book (P/B) ratio.

The stocks are stacked based on upside, great to greatest.

10. Rayonier ( RYN), structured as a real estate investment trust, is an international forest products company engaged in activities associated with timberland management, the sale and entitlement of real estate, and the production and sale of specialty cellulose fibers and fluff pulp.

For the first quarter of 2011, the company reported $58 million in net income or 70 cents per share, compared to $57 million in net income or 71 cents per share in the prior-year period. Meanwhile, cash available for distribution increased to $88 million from $77 million in the first quarter of 2010. Sales increased 15.3% to $357.7 million.

With a dividend yield of 3.3%, the company recently declared a cash dividend of 54 cents per common share for its second quarter 2011, payable on June 30, 2011. In addition, the company's board approved to convert one of its fiber lines at its Jesup mill to cellulose specialties from absorbent materials, subject to regulatory approval. The project is estimated to add almost 190,000 tons of cellulose specialties capacity.

The company has raised its earnings per share guidance for 2011 to range between $2.85 and $3.10 from the earlier $2.50 to $2.70 per share. It has also raised its CAD estimates to $285 million to $310 million from the earlier range of $260 to $280 million.

Of the eight analysts covering the stock, 63% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 6.7% upside to $70.83 in value from current levels.

9. Toll Brothers ( TOL) designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities. The company engages directly and through joint ventures in projects where it is building, or converting rental apartment buildings into high-, mid- and low-rise luxury homes. The stock is trading at a P/B of 1.39, which is lower than its peers PulteGroup ( PHM) and KB Home ( KBH), which are trading at 1.47 and 1.69, respectively.

Net revenue for the second quarter of 2011 increased 3% to $319.7 million from $311.3 million in the year-ago quarter, as home building deliveries rose 9% year over year to 591 units from 543 units. Total contracts increased to $500.9 million from $464.6 million, as units expanded 7.2% to 879. Lastly, total backlog stood at $1 billion, up 1.3% from $993.5 million in the comparable quarter of last year. In terms of units, backlog stood at 1,760 units, up 1.3% year-over-year.

Net loss during the quarter almost halved to $20.8 million or 12 cents per share from $40.4 million or 24 cents per share in the second quarter of 2010. Net tax benefit for the second quarter of 2011 was $10.7 million compared $11.4 million in the second quarter of the prior year.

Going forward, the company expects to deliver between 2,300 and 2,800 homes in FY11, while the average delivered price for the next two quarters is estimated between $540,000 and $560,000 per home.

Of the 19 analysts covering the stock, 16% recommend a buy and the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 8.8% upside to $23.67 in value from current levels.

8. Ashland ( ASH) structures its business in five segments: Ashland Aqualon Functional Ingredients; Ashland Hercules Water Technologies; Ashland Performance Materials; Ashland Consumer Markets (Valvoline), and Ashland Distribution. The stock is trading at a P/B of 1.27, lower than its peer The Dow Chemical Company ( DOW) trading at 2.33.

Revenue for the second quarter of 2011 came in at $1.6 billion, up 9.4% from $1.4 billion in the first quarter of the prior year. Year-over-year, adjusted operating income was $128 million, vs. $132 million in the prior year, adjusted EBITDA was $192 million as opposed to $199 million a year ago, and adjusted EPS from continuing operations improved 2% to 86 cents.

The company's board authorized a $400 million stock buyback program at its March meeting, with purchasing starting in April. In addition, the board indicated its intention to increase dividend by 10 cents per share annually, or 17% from the current level.

Of the 11 analysts covering the stock, 64% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 10.5% upside to $68.34 in value from current levels.

7. LifePoint Hospitals ( LPNT), operating through its subsidiaries, runs general, acute care hospitals in non-urban communities in the U.S. The company operates 52 hospital campuses in 17 states. The stock is currently trading at a P/E of 13.9

Net revenue for the first quarter of 2011 increased 13% to $888.6 million, vs. $786.2 million in the year-ago quarter, following a 7.2% rise in equivalent admissions and 5.5% growth in revenue per equivalent admission. Net income increased to $46.1 million or 89 cents per share, compared to $42.9 million or 79 cents per share in the same quarter last year. Cash and cash equivalents stood at $276.2 million, up 33.2% sequentially.

Of the 26 analysts covering the stock, 42% recommend a buy, while the rest rate a hold. On average, analysts estimate 11.2% upside to $46.71 in value from current levels.

6. Big Lots ( BIG), managing through its wholly owned subsidiaries is a closeout retailer. The company's merchandising categories include consumables, home, furniture, hardlines, seasonal, and other. At the end of March 2011, the retailer operated through 1,405 stores across 48 states. The stock currently trades at an attractive P/E of 11.6

Revenue for the first quarter of 2011 was $1.23 billion, marginally down from $1.24 billion in the first quarter of the prior year. Comparable-store sales, for stores open at least two years at the beginning of the fiscal year, decreased 3.6% for the quarter. Net income for the quarter stood at $52.5 million, or 70 cents per share, compared to $55.9 million, or 68 cents per share in the first quarter of 2010. Cash flow from operating activities improved 16.5% year over year to $125.5 million from $107.8 million.

The company recently announced that it has signed a definitive agreement to purchase the entire outstanding stock of Liquidation World Inc. Under the terms of the agreement, the company would acquire all outstanding shares of Liquidation World for Cdn6 cents per share, or approximately Cdn $1.8 million. It estimates initial investment of approximately Cdn $36 million, including payment for acquiring the outstanding shares, satisfying the debt of Liquidation World, and regularizing the working capital needs of the business.

Of the 15 analysts covering the stock, 47% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 14.8% upside to $38.36 in value from current levels.

5. Harsco ( HSC) provides industrial services and engineered products to global industries, and structures its operations into four segments: Harsco Infrastructure, Harsco Metals & Minerals, Harsco Rail and Harsco Industrial. The company is in 50 countries, including the U.S.

For the first quarter of 2011, the company reported diluted earnings per share from continuing operations of $13.6 million, or 15 cents per share, compared to $9.7 million, or 10 cents per share in the year-ago quarter. Growth in Harsco's metals and minerals business boosted first quarter results. Sales for the quarter increased 5% to $779 million. The company has a current dividend yield of 2.3% and a price-to-book ratio of 1.85, compared to 4.25 and 2.71 recorded by 3M Company ( MMM) and Dover ( DOV), respectively.

The company recently renewed a contract with an extended tenure of four years with Network Rail for an estimated $50 million. Harsco has secured a railway track maintenance and related equipment contract from Saudi Arabia for $15 million, with deliveries scheduled for completion by the end of 2011.

For the second quarter of 2011, the company estimates earnings per share to come in the range of 34 to 39 cents. For full year 2011, the company has raised its earnings per share estimates to $1.30 to $1.40 from the earlier $1.25 to $1.35.

Of the 12 analysts covering the stock, 33% recommend a buy, while 58% suggest a hold. On average, analysts estimate 16.0% upside to $38.86 in value from current levels.

4. Brady ( BRC) is an international manufacturer and marketer of identification solutions and specialty products that identify and protect premises, products and people. Major product lines include facility identification; safety and complementary products; wire and cable identification products; sorbent materials; people identification products; regulatory publishing, work-in-process identification, and bar-code labels.

For the third quarter of 2011, the company reported a 4.9% year-over-year increase in revenue to $337.9 million from $321.9 million. Organic sales growth was 1%, acquisitions net of divestitures contributed 0.4% towards sales, and the impact of foreign currency translation increased sales by 3.5%. By segment, organic sales increased 2.7% in the Americas and 3.6% in Europe, and decreased 5.1% in the Asia-Pacific region.

Net income soared 20.7% to $28.6 million, or 54 cents per share, from $23.7 million, or 45 cents per share, in the third quarter of 2010. The company hiked its dividend payout by 2.9% year over year to 18 cents per share. Cash and cash equivalents surged to $374 million from $314.8 million at the end of July 2010.

Of the eight analysts covering the stock, 50% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 16% upside to $40 in value from current levels.

3. Packaging Corporation of America ( PKG) produces a range of containerboard and corrugated products in the U.S. These products are sold to 9,200 customers in over 16,700 locations. In addition, the company owns four containerboard mills, 37 corrugated plants and seven sheet plants.

For the first quarter of 2011, the company realized net income of $37 million, or 37 cents per share, compared to $19 million, or 19 cents per share, in the year-ago quarter. Meanwhile, net sales grew 14.3% to $629.5 million. Shipments of corrugated products increased 3.1% from the first quarter of 2010.

With a dividend yield of 2.2%, the company recently declared a quarterly cash dividend of 20 cents per share on its common stock, payable July 15, 2011. Looking ahead, the company estimates second-quarter earnings per share at 35 cents.

Of the 11 analysts covering the stock, 73% recommend a buy, while the rest rate a hold. There are no sell ratings on the stock. On average, analysts estimate 17.5% upside to $34.20 in value from current levels.

2. Teradyne ( TER) designs, develops, manufactures and supplies automatic test equipment and solutions to consumer electronics, automotive, computing, telecommunication, and aerospace and defense industries. The stock trades at a P/E of 9.

Consolidated revenue for the first quarter of 2011 increased 18.1% to $377.2 million from $319.3 million in the year-earlier period, driven by a 10% increase across all semiconductor test products to $29.6 million, and a 96% increase in the systems test group to $28.3 million. During the first quarter of 2011, bookings rose 30% sequentially to $435 million, with $360 million in semiconductor test and $75 million in the systems test group.

In effect, net income surged to $94.9 million, or 41 cents per share, from $50.1 million, or 24 cents per share. Analysts forecasted net income at 37 cents per share. At the end of March 2011, the company's liquidity position was strong, as reflected by cash and cash equivalents of $420.3 million and a current ratio of 3.8.

Guidance for the second quarter of 2011 is revenue of $375 million to $400 million, with non-GAAP income from continuing operations per diluted share of 38 cents to 44 cents and GAAP income from continuing operations per diluted share of 28-34 cents.

Of the 15 analysts covering the stock, 67% recommend a buy, while 27% rate a hold. On average, analysts estimate 23.6% upside to $19.79 in value from current levels. Analysts at Citi recently initiated coverage on the stock with a buy rating.

1. AbitibiBowater ( ABH) produces newsprint and coated and specialty papers, market pulp and wood products. The company also sells pulpwood, saw timber, wood chips, and electricity to customers in Canada and the U.S.

Consolidated revenue for the first quarter of 2011 increased 7.7% to $1.2 billion from $1.1 billion in the year-earlier period. By segment, the newsprint division reported operating income of $19 million compared to a loss of $12 million in the fourth quarter of 2010; coated papers' operating income was $3 million; specialty papers' operating income was at breakeven; and market pulp reported operating income of $23 million. The company swung to a net income of $30 million, or 31 cents per share, against a loss of $500 million, or $8.68 per share, in the first quarter of 2010.

The company previously controlled 52.5% of Augusta Newsprint Co., which operates a 407,000-metric ton newsprint mill in Augusta, Georgia. During 2011 first quarter, the company purchased the remaining ownership interest in the mill for $15 million in cash and a secured promissory note of $90 million.

All the eight analysts covering the stock recommend a buy. On average, analysts estimate 38.3% upside to $34.29 in value from current levels.

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