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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 |
|---|---|---|---|---|---|---|
| RY | Royal Bank of Canada | 2018 | 92.770000 | 102.5000 | CAD | 10 |
| ENB | Enbridge Inc | 2017 | 51.130000 | 64.6000 | CAD | 10 |
| CNR | Canadian National Railway Co | 2017 | 98.410000 | 109.4582 | CAD | 12 |
| CM | Canadian Imperial Bank of Commerce | 2018 | 107.570000 | 120.2000 | CAD | 10 |
| CNQ | Canadian Natural Resources Ltd | 2017 | 38.490000 | 49.1250 | CAD | 16 |
| CP | Canadian Pacific Railway Ltd | 2017 | 196.390000 | 226.4916 | CAD | 13 |
| L | Loblaw Companies Ltd | 2017 | 68.060000 | 81.6250 | CAD | 8 |
| WN | George Weston Ltd | 2017 | 110.000000 | 133.0000 | CAD | 4 |
| DOL | Dollarama Inc | 2017 | 122.800000 | 135.1818 | CAD | 11 |
| CCL.B | CCL Industries Inc | 2017 | 59.590000 | 72.0000 | CAD | 7 |
| CCL.A | CCL Industries Inc | 2017 | 62.500000 | 72.0000 | CAD | 7 |
| CTC.A | Canadian Tire Corp Ltd | 2017 | 142.710000 | 178.6667 | CAD | 9 |
| SNC | SNC-Lavalin Group Inc | 2017 | 55.220000 | 68.4444 | CAD | 9 |
| TOU | Tourmaline Oil Corp | 2017 | 28.100000 | 38.0000 | CAD | 12 |
| VET | Vermilion Energy Inc | 2017 | 41.790000 | 52.1250 | CAD | 12 |
| X | TMX Group Ltd | 2017 | 66.880000 | 77.6000 | CAD | 5 |
| MDA | MacDonald Dettwiler and Associates Ltd | 2017 | 68.890000 | 83.0000 | CAD | 10 |
| MRC | Morguard Corp | 2017 | 176.000000 | 210.0000 | CAD | 2 |
| TXG | Torex Gold Resources Inc | 2017 | 22.560000 | 34.6111 | CAD | 9 |
| BYD.UN | Boyd Group Income Fund | 2017 | 95.750000 | 109.9000 | CAD | 10 |
| LAS.A | Lassonde Industries Inc | 2017 | 239.550000 | 250.0000 | CAD | 1 |
| ENGH | Enghouse Systems Ltd | 2018 | 53.530000 | 64.7500 | CAD | 4 |
| EIF | Exchange Income Corp | 2017 | 27.060000 | 42.6000 | CAD | 10 |
| GSY | goeasy Ltd | 2017 | 27.700000 | 41.4000 | CAD | 5 |
| TRIL | Trillium Therapeutics Inc | 2017 | 5.780000 | 19.0699 | 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.
RY:TSE Royal Bank of Canada
http://www.rbc.com
Royal Bank of Canada has 80000 employees and is headquartered in Canada.
Royal Bank of Canada is one of the largest Canadian banks. It provides diversified financial services, personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services worldwide.
CNR:TSE Canadian National Railway
http://www.cn.ca
Canadian National Railway has 23089 employees and is headquartered in Canada.
Canadian National Railway Co is engaged in the transport sector. Its primary occupation is the rail and related transportation business.
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.