Canadian Imperial Bank (CM:TSE) and TransCanada (TRP: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
BNS Bank of Nova Scotia 2018 76.360000 88.7273 CAD 11
ENB Enbridge Inc 2018 40.550000 54.8000 CAD 10
CNQ Canadian Natural Resources Ltd 2018 43.660000 55.4667 CAD 15
CM Canadian Imperial Bank of Commerce 2018 115.250000 131.5000 CAD 10
TRP TransCanada Corp 2018 54.110000 68.3333 CAD 9
L Loblaw Companies Ltd 2018 65.370000 78.1250 CAD 8
DOL Dollarama Inc 2018 151.190000 170.2000 CAD 10
WN George Weston Ltd 2018 103.510000 122.2500 CAD 4
IFC Intact Financial Corp 2018 95.410000 108.6250 CAD 12
CTC.A Canadian Tire Corp Ltd 2018 166.280000 191.5556 CAD 9
SNC SNC-Lavalin Group Inc 2018 58.500000 70.6818 CAD 11
IAG Industrial Alliance Insurance and Financial Services Inc 2018 53.310000 63.6667 CAD 9
LNR Linamar Corp 2018 65.090000 85.6667 CAD 6
PBH Premium Brands Holdings Corp 2018 114.920000 133.2222 CAD 9
MAXR Maxar Technologies Ltd 2018 63.240000 84.1000 CAD 9
CCA Cogeco Communications Inc 2019 65.960000 83.7778 CAD 9
FIH.U Fairfax India Holdings Corp 2018 17.350000 28.1807 CAD 2
APH Aphria Inc 2019 12.090000 24.7083 CAD 6
MRC Morguard Corp 2018 171.940000 205.0000 CAD 2
EIF Exchange Income Corp 2018 33.250000 44.5556 CAD 9
CGO Cogeco Inc 2019 62.220000 86.5000 CAD 2
EQB Equitable Group Inc 2018 56.500000 69.6250 CAD 8
SEA Seabridge Gold Inc 2018 13.910000 29.0000 CAD 1
KBL K-Bro Linen Inc 2018 35.790000 46.5714 CAD 7
ONC Oncolytics Biotech Inc 2018 9.040000 22.2500 CAD 4

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 44646 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.

TRP:TSE TransCanada
TransCanada has 6779 employees and is headquartered in Canada.
TransCanada Corp is an energy infrastructure company. Its business segments include, Natural Gas Pipelines, Liquid Pipelines and Energy. The company has pipeline and power generation assets in Canada, the United States, and Mexico.

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