5 Undervalued Canadian Stocks To Invest In

4. Imperial Oil Limited (NYSE:IMO)

Latest P/E Ratio: 5.45

Imperial Oil Limited (NYSE:IMO) is one of the oldest companies on our list. It produces and sells petroleum products such as crude oil and natural gas. While it has beaten analyst EPS estimates for all of its previous four quarters, analyst sentiment has been shifting to Underperform or Hold as of late.

19 of the 943 hedge funds profiled by Insider Monkey for their Q1 2023 shareholdings had invested in the firm. Out of these, the largest hedge fund shareholder is Jean-Marie Eveillard’s First Eagle Investment Management with a stake worth $1.2 billion.

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