5 Undervalued Cyclical Stocks To Invest In According to Analysts

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In this article, we discuss the 5 undervalued cyclical stocks to invest in according to analysts. To read the detailed analysis of current market conditions and cyclical stocks, go directly to the 10 Undervalued Cyclical Stocks To Invest In According to Analysts.

5. JD.com, Inc. (NASDAQ:JD)

PE ratio as of April 18: 12.08

Average Analyst Price Target Upside: 49.75%

Number of Hedge Fund Holders: 56

JD.com, Inc. (NASDAQ:JD) is a supply chain-based technology and service provider. It is one of the undervalued cyclical stocks to invest in according to analysts as it is trading at a price-to-earnings multiple of 12.08x, as of April 18. In the fourth quarter of 2023, 56 hedge funds had stakes in JD.com, Inc. (NASDAQ:JD), with total positions worth $1.77 billion. Tiger Global Management LLC is the largest in the company as of Q4 of 2023 with a position worth $254.347 million, representing 1.8% of the investment portfolio.

On April 18, JD.com, Inc. (NASDAQ:JD) announced that the company bought back 87.5 million Class A ordinary shares (equivalent to 43.8 million ADSs) in the quarter that ended on March 31 in the open markets from both NASDAQ and the Hong Kong Stock Exchange for $1.2 billion.

Based on 9 Wall Street analysts’ ratings over the past three months, JD.com, Inc. (NASDAQ:JD) has a consensus rating of Moderate Buy. The average price target of $37.97 implies an upside of 49.75% to the stock’s current price, as of April 18.

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