5 Cheap Jim Cramer Stocks to Buy Now

1. Stellantis N.V. (NYSE:STLA)

Number of Hedge Fund Holders: 28

PE Ratio (TTM) as of March 28: 3.07

At the end of the fourth quarter of 2022, 28 hedge funds were bullish on Stellantis N.V. (NYSE:STLA) and disclosed positions worth $935 million in the company. Of those, Marshall Wace LLP was the leading stockholder in the company and disclosed a position worth $144.3 million.

This March, Berenberg analyst Adrian Yanoshik raised his price target on Stellantis N.V. (NYSE:STLA) to EUR 21 from EUR 18 and maintained a Buy rating on the shares.

Cramer mentioned Stellantis N.V. (NYSE:STLA) in one of his lightning rounds and said that he likes the stock because it is offering a good dividend, is profitable, and most of all, is cheap. As of March 28, Stellantis N.V. (NYSE:STLA) is trading at a PE multiple of 3x and is offering a forward dividend yield of 8.25%. Stellantis N.V. (NYSE:STLA) is one of the best cheap stocks to buy now according to Jim Cramer.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a look at 15 Best Hedge Funds to Work For and 21 Largest Stock Exchanges in the World.