5 Best Undervalued Stocks to Buy Now

In this article we discuss the 5 best undervalued stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Undervalued Stocks to Buy Now.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, let’s take a look at the best undervalued stocks to buy now:

5. Celanese Corporation (NYSE: CE)

P/E Ratio as of June 14: 8.99
Number of Hedge Fund Holders: 36

Ranking 5th in our list of 10 best undervalued stocks to buy now is Celanese Corporation (NYSE:CE). The Texas-based global chemical and specialty materials company was founded in 1918 and operates over 25 generating plants and 6 analysis stations in 11 countries located in different parts of North America, Europe, and Asia.

Celanese Corporation (NYSE:CE) posted its net sales of $1.8 billion in the first quarter of 2021, a 15% increase from the previous quarter. CE shares currently trade for $160.34 and have a P/E ratio of 8.99. The current dividend yield is 1.70%. The 52-week price range of Celanese Corporation (NYSE:CE) is $81.63-171.00. Shares of CE jumped 81% over the last twelve months. On June 10, Wolfe Research initiated coverage on Celanese Corporation (NYSE:CE) with an Outperform rating.

There were 36 hedge funds that reported owning stakes in Celanese Corporation (NYSE:CE) at the end of the first quarter, up from 33 funds a quarter earlier. The total value of these stakes at the end of Q1 is $759 million.