4 Low Priced Mid-Cap Industrial Stocks With Strong Analyst Ratings

Mid-cap companies offer investors an exciting opportunity. They aren't quite large caps, so they still have room to grow, and they offer some of the possible high rewards of their riskier, smaller cap peers. Today, we focus on industrial companies in the mid-cap range that look undervalued from a price-multiple perspective. We further focus on companies with high analyst ratings. The list our screen produced is rather interesting.The PEG ratio (price/earnings to growth ratio) is a valuation metric for determining the relative trade-off between the price of a stock, the earnings generated per share (EPS), and the company's expected growth. In general, the P/E ratio is higher for a company with a higher growth rate. Thus using just the P/E ratio would make high-growth companies appear overvalued relative to others. It is assumed that by dividing the P/E ratio by the earnings growth rate, the resulting ratio is better
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