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.
Overvalued Stocks on TSE
Today we are looking at companies that are considered fully to overvalued based on the Analyst data in the StockCalc database.
In this table 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 |
|---|---|---|---|---|---|---|
| TD | The Toronto-Dominion Bank | 2017 | 67.810000 | 67.1818 | CAD | 11 |
| BMO | Bank of Montreal | 2017 | 97.800000 | 96.3000 | CAD | 10 |
| CTC | Canadian Tire Corp Ltd | 2017 | 196.900000 | 158.7000 | CAD | 10 |
| CIX | CI Financial Corp | 2017 | 29.360000 | 28.6875 | CAD | 8 |
| FTT | Finning International Inc | 2017 | 26.180000 | 24.3750 | CAD | 8 |
| X | TMX Group Ltd | 2017 | 72.080000 | 67.8000 | CAD | 5 |
| PJC.A | The Jean Coutu Group (PJC) Inc | 2018 | 20.300000 | 19.0625 | CAD | 8 |
| TIH | Toromont Industries Ltd | 2017 | 42.110000 | 41.4375 | CAD | 8 |
| MIC | Genworth MI Canada Inc | 2017 | 34.880000 | 34.0833 | CAD | 6 |
| TFII | TFI International Inc | 2017 | 34.720000 | 33.7778 | CAD | 9 |
| CWB | Canadian Western Bank | 2017 | 31.190000 | 29.5625 | CAD | 12 |
| BEI.UN | Boardwalk Real Estate Investment Trust | 2017 | 50.770000 | 47.0682 | CAD | 11 |
| D.UN | Dream Office Real Estate Investment Trust | 2017 | 20.000000 | 18.5714 | CAD | 7 |
| HCG | Home Capital Group Inc | 2017 | 31.570000 | 30.4722 | CAD | 9 |
| LB | Laurentian Bank of Canada | 2017 | 58.790000 | 57.4000 | CAD | 10 |
| TCL.A | Transcontinental Inc | 2017 | 22.740000 | 21.7857 | CAD | 7 |
| TCL.B | Transcontinental Inc | 2017 | 22.650000 | 21.7857 | CAD | 7 |
| PSI | Pason Systems Inc | 2017 | 19.560000 | 18.7857 | CAD | 7 |
| RUS | Russel Metals Inc | 2017 | 25.940000 | 25.0000 | CAD | 6 |
| NDM | Northern Dynasty Minerals Ltd | 2017 | 2.710000 | 2.0000 | CAD | 1 |
| BPF.UN | Boston Pizza Royalties Income Fund | 2017 | 22.760000 | 18.5000 | CAD | 1 |
| AW.UN | A&W Revenue Royalties Income Fund | 2017 | 37.940000 | 33.7500 | CAD | 1 |
| WJX | Wajax Corp | 2017 | 23.140000 | 21.4000 | CAD | 5 |
| PZA | Pizza Pizza Royalty Corp | 2017 | 17.200000 | 14.5000 | CAD | 1 |
| SRV.UN | SIR Royalty Income Fund | 2017 | 14.500000 | 13.5000 | 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.
TD:TSE The Toronto-Dominion Bank
http://www.td.com
The Toronto-Dominion Bank has 81233 employees and is headquartered in Canada.
The Toronto-Dominion Bank and its subsidiaries provide financial products & services. Its segments are Canadian Retail, U.S. Retail,a nd Wholesale Banking. It offers asset management, insurance, personal banking and commercial banking services.
BMO:TSE Bank of Montreal
https://www.bmo.com
Bank of Montreal has 45234 employees and is headquartered in Canada.
Bank of Montreal is a financial services provider based in North America. It provides retail banking, wealth management and investment banking products & services.
Free Valuation
Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx.
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.