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
RY Royal Bank of Canada 2019 95.950000 111.7500 CAD 8
SU Suncor Energy Inc 2019 44.410000 62.4000 CAD 15
BMO Bank of Montreal 2019 98.870000 116.5000 CAD 8
CM Canadian Imperial Bank of Commerce 2019 115.230000 135.1250 CAD 8
CNQ Canadian Natural Resources Ltd 2019 37.160000 57.4375 CAD 16
CP Canadian Pacific Railway Ltd 2019 275.650000 318.3394 CAD 13
WN George Weston Ltd 2019 93.770000 111.5000 CAD 4
TECK.A Teck Resources Ltd 2019 27.010000 42.4444 CAD 9
CTC.A Canadian Tire Corp Ltd 2019 162.640000 188.3333 CAD 9
SNC SNC-Lavalin Group Inc 2019 46.570000 62.3636 CAD 11
TSGI The Stars Group Inc 2019 22.870000 39.9000 CAD 5
WFT West Fraser Timber Co.Ltd 2019 65.370000 88.6667 CAD 6
DOO BRP Inc 2019 50.780000 75.5000 CAD 8
VET Vermilion Energy Inc 2019 31.620000 52.6667 CAD 12
X TMX Group Ltd 2019 79.530000 96.6667 CAD 6
CCA Cogeco Communications Inc 2019 64.990000 81.6111 CAD 9
LNR Linamar Corp 2019 48.210000 77.0000 CAD 6
PBH Premium Brands Holdings Corp 2019 87.570000 127.7500 CAD 10
BYD.UN Boyd Group Income Fund 2019 114.970000 131.5000 CAD 12
MRC Morguard Corp 2019 184.950000 205.0000 CAD 2
ENGH Enghouse Systems Ltd 2019 73.290000 88.5000 CAD 4
LAS.A Lassonde Industries Inc 2019 214.400000 277.5000 CAD 2
CGO Cogeco Inc 2019 62.650000 88.0000 CAD 2
GSY goeasy Ltd 2019 40.160000 62.6667 CAD 6
TRIL Trillium Therapeutics Inc 2019 4.290000 19.6944 CAD 1

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.