The 7 Most Undervalued Mid-Cap Stocks to Buy in September 2023

Essential Utilities (WTRG)

Essential Utilities (NYSE:WTRG) is a Pennsylvania-based mid-cap water utilities firm that offers essential services to its customers, including water, wastewater, and natural gas. Despite being undervalued, the company holds significant potential for growth.

1

Darling Ingredients (DAR)

Darling Ingredients (NYSE:DAR) is a leading producer of a wide range of ingredients, such as fats, proteins, gelatin, meat casings, and meat byproducts. The company's current stock price of $58 appears to be undervalued when compared to the target price of $90 assigned to it.

2

Five Below (FIVE)

Five Below (NASDAQ: FIVE) is on the rise, opening 67 new stores in the first half of the year, an increase from 62 in the same period last year. This growth is reflected in its impressive sales growth of 13.5% and net income growth of 13.3%. With a profitable track record and a promising trajectory, investing in Five Below is definitely worth considering.

3

Aramark (ARMK)

Aramark (NYSE:ARMK) is a renowned company specializing in delivering essential services such as food, uniforms, and facilities, primarily for the institutional sector. Currently, Aramark shares are trading at $36, with a projected value of $45 according to Wall Street.

4

SoFi Technologies (SOFI)

SoFi Technologies (NASDAQ:SOFI) stock is expected to see a positive turnaround in late 2023. The company, like many others, faced significant challenges during the pandemic. Notably, SoFi holds a substantial portion of student loans, accounting for approximately 30% of its lending holdings.

5

Texas Roadhouse (TXRH)

Revenue and net income have experienced significant growth in Q2, with an increase of 14.3% and 13.6% respectively. In the first half of 2023, these numbers have further risen by 16.6% and 14.3%. Texas Roadhouse's exceptional performance and undervalued price position the company to offer investors quick and substantial returns.

6

Oshkosh (OSK)

Oshkosh (NYSE: OSK) is a multifaceted company that extends beyond its reputation as a specialty vehicle manufacturer in the defense industry. In fact, its access and vocational business segments generate higher revenues than its defense segment. Oshkosh's overall performance remains robust, with a notable 17% sales growth to $2.41 billion in the second quarter.

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