9 Cheap New Stocks to Buy According to Analysts

5. Marex Group (NASDAQ:MRX)

Forward P/E Ratio as of June 13: 10.66

Number of Hedge Fund Holders: 22

Average Upside Potential as of June 13: 35.17%

Marex Group (NASDAQ:MRX) is one of the 11 cheap new stocks to buy according to analysts. On June 5, Marex Group announced its agreement to acquire Agrinvest Commodities, which is a Brazilian agricultural commodities business. This acquisition is set to expand Marex’s operations in the Americas, introduce new capabilities, and diversify its earnings by bringing in new clients.

Agrinvest Commodities specializes in connecting buyers and sellers in physical agricultural markets, specifically dealing with corn and soybeans. Agrinvest also provides consulting support to its clients and helps them understand hedging options and commercial strategies within these agricultural sectors. This acquisition will grant Marex physical commodities capabilities in Brazil and complement its existing derivatives operations in the region.

Agrinvest currently has ~1,300 clients and a team of 100 employees, which will augment Marex’s current Brazilian business. The CEO of Marex, Ian Lowitt, stated that Brazil is a crucial global commodity producer and a target for Marex’s expansion efforts. The financial details of the acquisition have not yet been publicly disclosed.

Marex Group (NASDAQ:MRX) is a financial services platform provider company with liquidity, market access, and infrastructure services for clients in the energy, commodities, and financial markets.