5 Undervalued Stocks to Buy According to Billionaire Leon Cooperman

4. Bausch Health Companies (NYSE:BHC)

Omega Advisors’ Stake Value: $69,025,000

Percentage of Omega Advisors’ 13F Portfolio: 3.46%

PE Ratio as of May 25: 2.31

Number of Hedge Fund Holders: 48

Bausch Health Companies (NYSE:BHC) develops, manufactures, and sells a range of pharmaceutical, medical device, and over-the-counter (OTC) products. Bausch Health Companies (NYSE:BHC) is among the top 5 undervalued stocks to buy according to billionaire Leon Cooperman. As of May 25, the stock has a remarkably low PE ratio of 2.31, trading at $9.60 a share with the company’s market capitalization sitting at $3.59 billion.

On May 11, BMO Capital analyst Gary Nachman lowered his price target on Bausch Health Companies (NYSE:BHC) to $15 from $26 but maintained a Market Perform rating on the shares.