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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 | 2018 | 49.320000 | 59.5455 | CAD | 11 |
| CNR | Canadian National Railway Co | 2018 | 103.100000 | 114.9247 | CAD | 12 |
| TRP | TransCanada Corp | 2018 | 61.810000 | 73.1111 | CAD | 9 |
| CM | Canadian Imperial Bank of Commerce | 2018 | 119.730000 | 130.2222 | CAD | 9 |
| CNQ | Canadian Natural Resources Ltd | 2018 | 42.970000 | 52.0000 | CAD | 15 |
| CP | Canadian Pacific Railway Ltd | 2018 | 229.830000 | 245.2546 | CAD | 12 |
| L | Loblaw Companies Ltd | 2018 | 67.890000 | 81.8750 | CAD | 8 |
| WN | George Weston Ltd | 2018 | 109.920000 | 125.7500 | CAD | 4 |
| CTC.A | Canadian Tire Corp Ltd | 2018 | 163.900000 | 184.7778 | CAD | 9 |
| CCL.B | CCL Industries Inc | 2018 | 59.700000 | 68.7143 | CAD | 7 |
| SNC | SNC-Lavalin Group Inc | 2018 | 56.120000 | 69.2727 | CAD | 11 |
| TOU | Tourmaline Oil Corp | 2018 | 21.420000 | 32.0000 | CAD | 11 |
| LNR | Linamar Corp | 2018 | 65.020000 | 82.6667 | CAD | 6 |
| X | TMX Group Ltd | 2018 | 69.250000 | 78.1667 | CAD | 6 |
| PEY | Peyto Exploration & Development Corp | 2018 | 14.250000 | 23.2321 | CAD | 14 |
| POU | Paramount Resources Ltd | 2018 | 17.110000 | 28.4464 | CAD | 14 |
| MRC | Morguard Corp | 2018 | 181.870000 | 210.0000 | CAD | 2 |
| BYD.UN | Boyd Group Income Fund | 2018 | 99.590000 | 109.1818 | CAD | 11 |
| SCL | Shawcor Ltd | 2018 | 26.080000 | 35.0000 | CAD | 8 |
| LAS.A | Lassonde Industries Inc | 2018 | 250.980000 | 272.5000 | CAD | 2 |
| EIF | Exchange Income Corp | 2018 | 35.460000 | 46.7000 | CAD | 5 |
| TXG | Torex Gold Resources Inc | 2018 | 11.720000 | 23.1250 | CAD | 10 |
| AFN | Ag Growth International Inc | 2018 | 53.300000 | 63.5714 | CAD | 7 |
| SEA | Seabridge Gold Inc | 2018 | 13.180000 | 24.5000 | CAD | 2 |
| TRIL | Trillium Therapeutics Inc | 2018 | 10.000000 | 19.2055 | 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.
CM:TSE Canadian Imperial Bank
http://www.cibc.com
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
http://www.cnrl.com
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.
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.