5 Most Undervalued Value Stocks To Buy Now

2. Eni S.p.A. (NYSE:E)

PE Ratio as of October 21 (TTM): 3.62

Number of Hedge Fund Holders: 8

Eni S.p.A. (NYSE:E) is an integrated energy company with operations in 69 countries. It is Italy’s largest industrial company and is also one of the world’s leading oil and gas companies. Eni S.p.A. (NYSE:E) is committed to sustainable development and to the achievement of the United Nations’ Sustainable Development Goals. The company has a strong track record of delivering shareholder value and is well-positioned to weather the current macroeconomic environment. Eni S.p.A. (NYSE:E) has a trailing twelve-month operating margin of 18.67% and has free cash flows of EUR 10 billion. The stock is ranked high among the best undervalued stocks to buy now and is trading at a PE ratio of 3.62, as of October 21.

Wall Street sees upside to Eni S.p.A. (NYSE:E). This September, JPMorgan analyst Christyan Malek raised his price target on Eni S.p.A. (NYSE:E) to EUR 19 from EUR 18.50 and reiterated an Overweight rating on the shares.

At the close of Q2 2022, 8 hedge funds were bullish on Eni S.p.A. (NYSE:E) and held stakes worth $137 million in the company. This is compared to 8 positions in the previous quarter with stakes worth $128 million. As of June 30, Arrowstreet Capital is the leading investor in Eni S.p.A. (NYSE:E) and has stakes worth over $57 million in the company.