Best undervalued Canadian stocks To Buy Now
Here are some of the best potentially undervalued Canadian stocks to buy now, with a P/E ratio under 15 and a "Buy" or higher rating from analysts:
Energy:
- rescent Point Energy Corp. (CPG): P/E 9.8, analyst rating Buy. Strong free cash flow, benefiting from high energy prices.
- Canadian Natural Resources Limited (CNQ): P/E 8.69, analyst rating Buy. Diversified energy producer with strong production growth and solid dividend.
- Cenovus Energy Inc. (CVE): P/E 8.44, analyst rating Outperform. Growing production and low-cost operations.
Financials:
- Manulife Financial Corporation (MFC): P/E 7.16, analyst rating Buy. Strong market position in Asia and Canada.
- Bank of Montreal (BMO): P/E 8.19, analyst rating Buy. Diversified bank with exposure to high-growth markets.
- Canadian Imperial Bank of Commerce (CIBC): P/E 7.34, analyst rating Outperform. Strong domestic operations and exposure to US banking.
Industrials:
- Nutrien Ltd. (NTR): P/E 8.74, analyst rating Buy. Leading fertilizer producer benefiting from higher agricultural prices.
- Teck Resources Limited (TECK): P/E 7.79, analyst rating Buy. Strong copper production and potential for growth in other metals.
- Canadian National Railway Company (CNR): P/E 13.84, analyst rating Buy. Dominant position in Canadian rail transportation with solid growth prospects.
Technology:
- CGI Inc. (CGI): P/E 12.96, analyst rating Buy. Leading IT services provider with strong recurring revenue.
- Open Text Corporation (OTEX): P/E 14.24, analyst rating Outperform. Enterprise information management software leader with solid margins.
Others
- Shopify Inc. (SHOP): P/E 13.42, analyst rating Outperform. E-commerce leader with strong long-term growth potential.
- Canadian Solar Inc. (CSIQ): P/E 9.69, analyst rating Buy. Leading solar panel manufacturer with global market share.
It's important to remember that this is not an exhaustive list and past performance is not indicative of future results. Before making any investment decisions, do your own research and consider your own risk tolerance and investment goals.
DISCLAIMER: This
article by Eivod is general in nature. We provide investment opinions,
based on historical data and our articles are not intended to be
investment advice. It does not constitute a recommendation to buy or
sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis,
driven by fundamental data. Note that our analysis may not factor in the
latest price-sensitive company announcements or qualitative material.
Eivod has no position in any stocks mentioned.
