Canadian Imperial Bank (CM:TSE) and Canadian Natural Res (CNQ:TSE) Are Undervalued

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Undervalued Stocks on TSE

Today we are looking at companies that are considered undervalued based on the Analyst data in the StockCalc database.

In the table below we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on TSE

Today’s data is for companies listed on the Toronto Stock Exchange.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
ENB Enbridge Inc 2019 41.680000 55.9000 CAD 10
CM Canadian Imperial Bank of Commerce 2019 121.030000 133.6667 CAD 9
CNQ Canadian Natural Resources Ltd 2019 42.200000 58.5333 CAD 15
TRP TransCanada Corp 2019 52.260000 69.0000 CAD 9
CP Canadian Pacific Railway Ltd 2019 273.230000 289.9640 CAD 13
L Loblaw Companies Ltd 2019 66.360000 79.5714 CAD 7
TECK.B Teck Resources Ltd 2019 31.130000 44.6389 CAD 9
TECK.A Teck Resources Ltd 2019 31.240000 44.6389 CAD 9
WN George Weston Ltd 2019 97.770000 115.3333 CAD 3
CTC.A Canadian Tire Corp Ltd 2019 151.340000 191.4444 CAD 9
CCL.A CCL Industries Inc 2019 59.800000 73.1875 CAD 8
CCL.B CCL Industries Inc 2019 58.220000 73.1875 CAD 8
SNC SNC-Lavalin Group Inc 2019 52.670000 71.5909 CAD 11
TSGI The Stars Group Inc 2019 32.080000 52.6000 CAD 5
VET Vermilion Energy Inc 2019 42.560000 56.3750 CAD 12
DOO BRP Inc 2018 60.590000 75.8000 CAD 5
WFT West Fraser Timber Co.Ltd 2019 73.510000 103.6667 CAD 6
LNR Linamar Corp 2019 59.510000 81.8333 CAD 6
CCA Cogeco Communications Inc 2019 64.700000 82.5556 CAD 9
PBH Premium Brands Holdings Corp 2019 94.230000 127.7500 CAD 10
CFP Canfor Corp 2019 24.080000 36.7500 CAD 6
MAXR Maxar Technologies Ltd 2019 42.540000 76.7404 CAD 10
MRC Morguard Corp 2019 180.890000 205.0000 CAD 2
LAS.A Lassonde Industries Inc 2019 236.530000 277.5000 CAD 2
CGO Cogeco Inc 2019 58.260000 87.5000 CAD 2

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

CM:TSE Canadian Imperial Bank

http://www.cibc.com
Canadian Imperial Bank has 45091 employees and is headquartered in Canada.
Canadian Imperial Bank of Commerce is a Canadian-based financial institution. The company serves its clients through retail and business banking, wealth management and wholesale banking.

CNQ:TSE Canadian Natural Res

http://www.cnrl.com
Canadian Natural Res has 9973 employees and is headquartered in Canada.
Canadian Natural Resources Ltd is an oil and natural gas producers in Western Canada. Its portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.