There is no denying that stock prices are a rollercoaster right now. Despite this volatility, some stocks remain undervalued for long periods of time. The key is to identify these stocks before they experience a major price rally.
The following is a list of the Top 5 most undervalued common stocks as of September 2017.
1. Ford Motor Company (F)
Ford Motor Company is an American multinational automaker headquartered in Dearborn, Michigan. The company sells automobiles and commercial vehicles under the Ford and Lincoln brands. As of September 2017, Ford was trading at $12.14 per share, down from its 52-week high of $13.07. Despite its recent decline, Ford is still trading well below its book value of $13.72 per share.
2. Bank of America Corporation (BAC)
Bank of America Corporation is an American multinational banking and financial services company headquartered in Charlotte, North Carolina. The company provides banking and investment services through its subsidiaries. As of September 2017, Bank of America was trading at $24.06 per share, down from its 52-week high of $26.08. Bank of America is currently trading at just 0.73 times its book value of $32.86 per share.
3. American Express Company (AXP)
American Express Company is an American multinational financial services corporation headquartered in Manhattan, New York City. The company operates as a credit card issuer, and offers traveler's cheques and other financial services. As of September 2017, American Express was trading at $97.06 per share, down from its 52-week high of $103.90. American Express is currently trading at just 1.27 times its book value of $77.01 per share.
4. Citigroup Inc. (C)
Citigroup Inc. is an American multinational financial services corporation headquartered in Manhattan, New York City. The company operates as a bank holding company and a universal bank. As of September 2017, Citigroup was trading at $65.05 per share, down from its 52-week high of $72.73. Citigroup is currently trading at just 0.88 times its book value of $73.51 per share.
5. JPMorgan Chase & Co. (JPM)
JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City. The company is
Investors looking for undervalued stocks should take a look at the common shares of these 5 companies. While some may be facing headwinds, all of them have strong fundamentals that should support their share prices over the long term.
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