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 2018 49.320000 59.5455 CAD 11
CNR Canadian National Railway Co 2018 103.100000 114.9247 CAD 12
TRP TransCanada Corp 2018 61.810000 73.1111 CAD 9
CM Canadian Imperial Bank of Commerce 2018 119.730000 130.2222 CAD 9
CNQ Canadian Natural Resources Ltd 2018 42.970000 52.0000 CAD 15
CP Canadian Pacific Railway Ltd 2018 229.830000 245.2546 CAD 12
L Loblaw Companies Ltd 2018 67.890000 81.8750 CAD 8
WN George Weston Ltd 2018 109.920000 125.7500 CAD 4
CTC.A Canadian Tire Corp Ltd 2018 163.900000 184.7778 CAD 9
CCL.B CCL Industries Inc 2018 59.700000 68.7143 CAD 7
SNC SNC-Lavalin Group Inc 2018 56.120000 69.2727 CAD 11
TOU Tourmaline Oil Corp 2018 21.420000 32.0000 CAD 11
LNR Linamar Corp 2018 65.020000 82.6667 CAD 6
X TMX Group Ltd 2018 69.250000 78.1667 CAD 6
PEY Peyto Exploration & Development Corp 2018 14.250000 23.2321 CAD 14
POU Paramount Resources Ltd 2018 17.110000 28.4464 CAD 14
MRC Morguard Corp 2018 181.870000 210.0000 CAD 2
BYD.UN Boyd Group Income Fund 2018 99.590000 109.1818 CAD 11
SCL Shawcor Ltd 2018 26.080000 35.0000 CAD 8
LAS.A Lassonde Industries Inc 2018 250.980000 272.5000 CAD 2
EIF Exchange Income Corp 2018 35.460000 46.7000 CAD 5
TXG Torex Gold Resources Inc 2018 11.720000 23.1250 CAD 10
AFN Ag Growth International Inc 2018 53.300000 63.5714 CAD 7
SEA Seabridge Gold Inc 2018 13.180000 24.5000 CAD 2
TRIL Trillium Therapeutics Inc 2018 10.000000 19.2055 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
Canadian Imperial Bank has 44928 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
Canadian Natural Res has 7270 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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