Wall Street Thinks These Are The 10 Cheapest Stocks In The World

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Photo: AP

FactSet is out with a new report on the most undervalued stocks: at least in the eye’s of Wall Street’s sell-side research desks.The company combed through some 10,000 ratings on S&P 500 companies to identify stocks trading sharply below consensus.

10 of the picks are more than 70 per cent below consensus, presenting a nice entry to buy (although some of the names make the controversial equity list).

What follows is a list of the stocks that are trading at the steepest discount to Wall Street consensus price targets.

United States Steel

Ticker: X

Wall Street Consensus Estimate: $34.86

Closing Price (5/31/12): $20.30

Difference: 71.7%

United States Steel produces and sells steel mill products in North America and Europe. It was founded and is headquartered in Pittsburgh, Pennsylvania.

Source: Factset

Cliffs Natural Resources

Ticker: CLF

Wall Street Consensus Estimate: $82.17

Closing Price (5/31/12): $47.78

Difference: 72.0%

Cliffs Natural Resources is a diversified mining and natural resources company. CLF is founded and based out of Cleveland, Ohio.

Source: Factset

Anadarko Petroleum

Ticker: APC

Wall Street Consensus Estimate: $105.02

Closing Price (5/31/12): $23.36

Difference: 72.2%

Anadarko Petroleum explores and produces gasses and oils internationally. It was founded and is headquartered in The Woodlands, Texas.

Source: Factset

Peabody Energy

Ticker: BTU

Wall Street Consensus Estimate: $42.36

Closing Price (5/31/12): $23.36

Difference: 81.3%

Peabody Energy is a coal mining company. It was founded and is based in St. Louis, Missouri.

Source: Factset

Micron Technology

Ticker: MU

Wall Street Consensus Estimate: $10.62

Closing Price (5/31/12): $12.56

Difference: 81.8%

Micron manufactures and markets semiconductor devices worldwide. MU was founded and is headquartered in Boise, Idaho.

Source: Factset

Genworth Financial

Ticker: GNW

Wall Street Consensus Estimate: $9.69

Closing Price (5/31/12): $5.24

Difference: 84.9%

Genworth Financial is a financial security company. It was founded and is based out of Richmond, Virginia.

Source: Factset

Nabors Industries

Ticker: NBR

Wall Street Consensus Estimate: $25.36

Closing Price (5/31/12): $13.55

Difference: 87.2%

Nabors Industries operates as a land drilling contractor worldwide. It was founded and is headquartered in Hamilton, Bermuda.

Source: Factset

Allegheny Technologies

Ticker: ATI

Wall Street Consensus Estimate: $60.50

Closing Price (5/31/12): $32.12

Difference: 88.4%

Allegheny Technologies produces specialty metals worldwide. ATI was founded and is headquartered in Pittsburgh, Pennsylvania.

Source: Factset

Alpha Natural Resources

Ticker: ANR

Wall Street Consensus Estimate: $20.78

Closing Price (5/31/12): $10.48

Difference: 98.3%

Alpha Natural Resources produces and sells steam and metallurgical coal in the United States. ANR was founded and is based in Abingdon, Virginia.

Source: Factset

First Solar

Ticker: FSLR

Wall Street Consensus Estimate: $25.25

Closing Price (5/31/12): $12.56

Difference: 101%

First Solar designs and sells solar modules internationally. The company was founded and is headquartered in Tempe, Arizona.

Source: Factset

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