×

Stocks that could be late bloomers

Even with the stock market at record highs, there are a handful of blue chips trading as much as 20 percent below Wall Street analysts' price targets.

FactSet identified 32 companies in the S&P 500, or about 6 percent of the broader index, that fit that criteria.

Read MoreStocks mainly fall; oil producers drop with crude

One of the companies with the highest price target on average is Delta Air Lines. In fact, every analyst who covers Delta currently has a "buy" rating on the company. The airline stock's performance has been volatile over the past few months, but analysts say it is poised to go up by 29 percent.

Savanthi Syth, an Airlines Analyst at Raymond James, has a $48 price target on Delta, citing its competitive advantages among the stock's strengths.

"It's a very attractive U.S. airline industry, and beyond that Delta has made some very attractive investments that I think they're just starting to benefit from," Syth said. "So we expect them to continue to do well and generate a lot of cash and return cash to shareholders."

Read MoreEarly glance: Airlines companies

Despite its slew of recalls, GM is another top pick from analysts. The automaker has taken a hit this year but analysts remain bullish with a price target 29 percent higher than where it trades today.

Analysts' Most-Loved Stocks

Ticker
Company
Price
Target Price
Potential
NBR Nabors Industries Ltd. $25.09 $34.67 38%
KORS Michael Kors Holdings Ltd $76.41 $103.40 35%
GNW Genworth Financial, Inc. Class A $13.13 $17.69 35%
DAL Delta Air Lines, Inc. $39.55 $51.21 29%
RRC Range Resources Corporation $74.41 $97.34 31%
MYL Mylan Inc. $47.15 $60.38 28%
BTU Peabody Energy Corporation $14.98 $19.33 29%
WYNN Wynn Resorts, Limited $183.73 $237.68 29%
GM General Motors Company $33.95 $43.82 29%
DNR Denbury Resources Inc. $16.43 $21.26 29%
FTI FMC Technologies, Inc. $56.82 $72.41 27%
SLB Schlumberger NV $104.95 $134.23 28%
PCLN Priceline Group Inc $1,180.98 $1,498.65 27%
CNX CONSOL Energy Inc. $39.64 $50.30 27%
BHI Baker Hughes Incorporated $67.89 $85.35 26%
COG Cabot Oil & Gas Corporation $33.63 $42.19 25%
EQT EQT Corporation $95.46 $119.29 25%
FMC FMC Corporation $66.47 $80.91 22%
HAL Halliburton Company $66.99 $83.12 24%
TSN Tyson Foods, Inc. Class A $38.03 $46.43 22%
PXD Pioneer Natural Resources Company $198.57 $247.38 25%
BA Boeing Company $126.69 $152.36 20%
OI Owens-Illinois, Inc. $31.81 $38.64 21%
MON Monsanto Company $114.13 $139.00 22%
FLR Fluor Corporation $73.32 $89.59 22%
VLO Valero Energy Corporation $53.35 $64.21 20%
NBL Noble Energy, Inc. $70.83 $86.54 22%
PCP Precision Castparts Corp. $240.75 $291.10 21%
NRG NRG Energy, Inc. $30.90 $37.09 20%
Source: CNBC

Meanwhile, there are 29 stocks in the S&P 500 trading at least 3 percent above analysts' average price targets.

Experts are especially bearish on office supply chain Staples. Analysts polled in FactSet have an average price of $11 on the stock, 12 percent below where it currently trades. The company's sales slumped last quarter, hurt by store closures and online competition.

Analysts are also bearish on another specialty retailer, PetSmart. Despite the stock's stellar performance this summer, up almost 30 percent between Memorial Day and Labor Day, analysts in FactSet have price targets on average 9 percent below its current levels.

Food companies including Campbell Soup, Keurig Green Mountain, ConAgra Foods and Kellogg also make the list of stocks analysts expect to underperform.

Analysts' Most-Hated Stocks

Ticker
Company
Price
Target Price
Potential
SPLS Staples, Inc. $12.94 $11.33 -12%
FTR Frontier Communications Corporation Class B $6.71 $6.03 -10%
PETM PetSmart, Inc. $71.40 $65.07 -9%
DNB Dun & Bradstreet Corporation $118.66 $109.50 -8%
CTL CenturyLink, Inc. $40.87 $38.27 -6%
CPB Campbell Soup Company $43.49 $41.11 -5%
HCBK Hudson City Bancorp, Inc. $10.00 $9.31 -7%
AA Alcoa Inc. $17.24 $16.13 -6%
FSLR First Solar, Inc. $72.76 $67.50 -7%
UA Under Armour, Inc. Class A $73.20 $68.54 -6%
GMCR Keurig Green Mountain, Inc. $130.96 $124.38 -5%
FE FirstEnergy Corp. $34.48 $32.75 -5%
CAG ConAgra Foods, Inc. $32.82 $31.00 -6%
SIAL Sigma-Aldrich Corporation $103.91 $99.18 -5%
GAS AGL Resources, Inc. $54.11 $51.83 -4%
HCP HCP, Inc. $43.66 $41.82 -4%
MAR Marriott International, Inc. Class A $71.19 $67.83 -5%
HCN Health Care REIT, Inc. $67.87 $65.46 -4%
BLL Ball Corporation $66.30 $63.64 -4%
LEG Leggett & Platt, Incorporated $35.33 $34.00 -4%
CLX Clorox Company $89.63 $86.40 -4%
NTRS Northern Trust Corporation $68.67 $66.72 -3%
SYY Sysco Corporation $38.71 $37.30 -4%
NFLX Netflix, Inc. $478.67 $459.64 -4%
K Kellogg Company $64.94 $63.03 -3%
CTXS Citrix Systems, Inc. $71.59 $68.75 -4%
BK Bank of New York Mellon Corporation $39.60 $38.56 -3%
DPS Dr Pepper Snapple Group, Inc. $62.29 $61.08 -2%
RIG Transocean Ltd. $37.53 $37.11 -1%
Source: CNBC

Still, while analyst opinions are important for a lot of investors, some Wall Street pros say to look beyond price targets when investing in stocks.

"In this day and age with the Internet, you can get any of the information that an analyst can come up with very quickly," said Peter Costa, Empire Executions President. "Everything's out there. I don't think there's any advantage at all to having an analyst report in front of you."

Read MoreAlibaba and the 40 IPOs: What it means for other offerings