These 3 Stocks Are Undeniably Cheap
The stock market has been setting new highs and is up 10% so far in 2017. The rally hasn't left many obvious deals as investors are paying about 24 times earnings for the market as a whole.
Below, we'll look at a few promising companies that sport P/E ratios well below that expensive figure. Garmin (NASDAQ: GRMN), Best Buy (NYSE: BBY), and Nucor (NYSE: NUE) are each priced at, or below, 15 times the past year of earnings.
Wall Street has left Garmin out of the recent rally thanks to worries that its GPS tracking devices will lose relevance as consumers shift to smartphones to meet their navigating needs. There's no question that this move is hurting parts of the business today. Garmin's last fiscal year included a 17% slump in its core automotive segment, after all.
Source: Fool.com
Best Buy Co. Stock
The stock is one of the favorites of our community with 32 Buy predictions and 4 Sell predictions.
As a result the target price of 76 € shows a slightly positive potential of 6.92% compared to the current price of 71.08 € for Best Buy Co..
