3 Stocks That Are Absurdly Cheap Right Now
The stock market has marched almost unceasingly higher since bottoming out in 2009, driving the S&P 500's price-to-earnings ratio well above its long-term average. Finding truly cheap stocks has become more difficult, but that doesn't mean there aren't good values waiting for investors willing to bet against the consensus.
We asked three of our Foolish investors to each suggest a stock that, for one reason or another, looks absurdly cheap in this expensive market. They came up with Target (NYSE: TGT), AbbVie (NYSE: ABBV), and Chipotle Mexican Grill (NYSE: CMG). Here's what you need to know.
Image source: Getty Images.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€29.35
-9.680%
The stock is an absolute favorite of our community with 62 Buy predictions and no Sell predictions.
With a target price of 39 € there is a positive potential of 32.88% for Chipotle Mexican Grill Inc. compared to the current price of 29.35 €.
