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 47.050000 59.7273 CAD 11
CNR Canadian National Railway Co 2018 97.610000 111.1466 CAD 11
CM Canadian Imperial Bank of Commerce 2018 121.790000 132.6667 CAD 9
CNQ Canadian Natural Resources Ltd 2018 44.390000 54.2857 CAD 14
TRP TransCanada Corp 2018 57.240000 73.0000 CAD 9
CP Canadian Pacific Railway Ltd 2018 230.460000 249.5148 CAD 11
RCI.B Rogers Communications Inc 2018 60.800000 70.1667 CAD 12
RCI.A Rogers Communications Inc 2018 61.200000 70.1667 CAD 12
L Loblaw Companies Ltd 2018 69.700000 81.8750 CAD 8
WN George Weston Ltd 2018 110.820000 125.7500 CAD 4
CTC.A Canadian Tire Corp Ltd 2018 174.000000 184.7778 CAD 9
CCL.A CCL Industries Inc 2018 60.190000 69.0000 CAD 7
CCL.B CCL Industries Inc 2018 59.630000 69.0000 CAD 7
SNC SNC-Lavalin Group Inc 2018 54.460000 70.2727 CAD 11
LNR Linamar Corp 2018 74.260000 85.4000 CAD 5
MAXR Maxar Technologies Ltd 2018 78.080000 90.2727 CAD 11
AC Air Canada 2018 23.060000 33.0208 CAD 12
CCA Cogeco Communications Inc 2018 78.560000 90.4444 CAD 9
MRC Morguard Corp 2018 185.010000 210.0000 CAD 2
CGX Cineplex Inc 2018 31.980000 40.6111 CAD 9
LAS.A Lassonde Industries Inc 2018 255.630000 272.5000 CAD 2
CGO Cogeco Inc 2018 76.970000 91.0000 CAD 2
EIF Exchange Income Corp 2018 33.800000 44.0500 CAD 10
BAD Badger Daylighting Ltd 2018 25.870000 35.3500 CAD 5
SEA Seabridge Gold Inc 2018 14.300000 24.5000 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
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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