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I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.
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 | 2017 | 51.660000 | 64.9250 | CAD | 10 |
| CNQ | Canadian Natural Resources Ltd | 2017 | 37.420000 | 51.3750 | CAD | 16 |
| CM | Canadian Imperial Bank of Commerce | 2017 | 105.390000 | 120.5556 | CAD | 9 |
| CP | Canadian Pacific Railway Ltd | 2017 | 208.650000 | 222.0584 | CAD | 12 |
| L | Loblaw Companies Ltd | 2017 | 72.140000 | 84.0000 | CAD | 8 |
| WN | George Weston Ltd | 2017 | 117.390000 | 138.0000 | CAD | 4 |
| DOL | Dollarama Inc | 2017 | 123.910000 | 135.1818 | CAD | 11 |
| TECK.A | Teck Resources Ltd | 2017 | 23.000000 | 37.0000 | CAD | 8 |
| TECK.B | Teck Resources Ltd | 2017 | 22.480000 | 37.0000 | CAD | 8 |
| CTC.A | Canadian Tire Corp Ltd | 2017 | 147.560000 | 178.6667 | CAD | 9 |
| SNC | SNC-Lavalin Group Inc | 2017 | 56.070000 | 66.5556 | CAD | 9 |
| VII | Seven Generations Energy Ltd | 2017 | 22.210000 | 33.6462 | CAD | 13 |
| TOU | Tourmaline Oil Corp | 2017 | 27.880000 | 39.2500 | CAD | 12 |
| VET | Vermilion Energy Inc | 2017 | 41.140000 | 54.3750 | CAD | 12 |
| MDA | MacDonald Dettwiler and Associates Ltd | 2017 | 67.480000 | 82.8000 | CAD | 10 |
| MRC | Morguard Corp | 2017 | 184.750000 | 210.0000 | CAD | 2 |
| TXG | Torex Gold Resources Inc | 2017 | 24.730000 | 34.8333 | CAD | 9 |
| SCL | Shawcor Ltd | 2017 | 26.480000 | 39.6667 | CAD | 6 |
| BYD.UN | Boyd Group Income Fund | 2017 | 96.150000 | 108.9000 | CAD | 10 |
| ENGH | Enghouse Systems Ltd | 2017 | 52.550000 | 64.7500 | CAD | 4 |
| CGO | Cogeco Inc | 2018 | 67.500000 | 79.0000 | CAD | 2 |
| EIF | Exchange Income Corp | 2017 | 33.060000 | 44.1000 | CAD | 10 |
| AGT | AGT Food and Ingredients Inc | 2017 | 23.280000 | 33.2778 | CAD | 9 |
| GSY | goeasy Ltd | 2017 | 27.600000 | 42.8000 | CAD | 5 |
| TRIL | Trillium Therapeutics Inc | 2017 | 5.620000 | 19.9430 | 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.
ENB:TSE Enbridge
http://www.enbridge.com
Enbridge has 7733 employees and is headquartered in Canada.
Enbridge Inc serves the oil & gas industry. Its key activity involves gathering and transportation of crude oil and natural gas.
CM:TSE Canadian Imperial Bank
http://www.cibc.com
Canadian Imperial Bank has 43444 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.
Free Valuation
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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.