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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 |
|---|---|---|---|---|---|---|
| CM | Canadian Imperial Bank of Commerce | 2019 | 112.900000 | 126.8750 | CAD | 8 |
| CNQ | Canadian Natural Resources Ltd | 2019 | 37.000000 | 47.1250 | CAD | 16 |
| CP | Canadian Pacific Railway Ltd | 2019 | 273.580000 | 312.2673 | CAD | 13 |
| TECK.A | Teck Resources Ltd | 2019 | 28.660000 | 41.3000 | CAD | 10 |
| TECK.B | Teck Resources Ltd | 2019 | 28.750000 | 41.3000 | CAD | 10 |
| WN | George Weston Ltd | 2019 | 93.140000 | 111.5000 | CAD | 4 |
| CCL.B | CCL Industries Inc | 2019 | 54.080000 | 65.0000 | CAD | 8 |
| CCL.A | CCL Industries Inc | 2019 | 54.260000 | 65.0000 | CAD | 8 |
| CTC.A | Canadian Tire Corp Ltd | 2019 | 144.110000 | 176.7778 | CAD | 9 |
| TSGI | The Stars Group Inc | 2019 | 22.270000 | 39.3000 | CAD | 5 |
| X | TMX Group Ltd | 2019 | 83.180000 | 97.5000 | CAD | 6 |
| WFT | West Fraser Timber Co.Ltd | 2019 | 65.910000 | 82.1667 | CAD | 6 |
| DOO | BRP Inc | 2019 | 37.070000 | 62.2222 | CAD | 9 |
| LNR | Linamar Corp | 2019 | 48.110000 | 73.3333 | CAD | 6 |
| PBH | Premium Brands Holdings Corp | 2019 | 73.790000 | 90.5000 | CAD | 10 |
| MRC | Morguard Corp | 2019 | 193.000000 | 205.0000 | CAD | 2 |
| CGO | Cogeco Inc | 2019 | 76.150000 | 99.5000 | CAD | 2 |
| LAS.A | Lassonde Industries Inc | 2019 | 172.000000 | 195.0000 | CAD | 1 |
| EQB | Equitable Group Inc | 2019 | 67.450000 | 82.4286 | CAD | 7 |
| CJT | Cargojet Inc | 2019 | 81.110000 | 96.8750 | CAD | 8 |
| CJT.A | Cargojet Inc | 2019 | 84.000000 | 96.8750 | CAD | 8 |
| AFN | Ag Growth International Inc | 2019 | 59.910000 | 72.5714 | CAD | 7 |
| EIF | Exchange Income Corp | 2019 | 32.530000 | 43.2000 | CAD | 10 |
| GSY | goeasy Ltd | 2019 | 43.420000 | 60.8333 | CAD | 6 |
| IDG | Indigo Books & Music Inc | 2020 | 9.700000 | 21.0000 | CAD | 2 |
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.
CNQ:TSE Canadian Natural Res
http://www.cnrl.com
Canadian Natural Res has 9973 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.
CP:TSE Canadian Pacific Railway
http://www.cpr.ca
Canadian Pacific Railway has 12770 employees and is headquartered in Canada.
Canadian Pacific Railway Ltd is engaged in rail transportation. It provides freight transportation services, logistics solutions, and supply chain expertise in Canada and the United States.
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.