TransCanada (TRP:TSE) and Canadian Pacific Railway (CP:TSE) Are Undervalued

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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 50.660000 64.6000 CAD 10
CNR Canadian National Railway Co 2018 101.070000 111.7062 CAD 12
TRP TransCanada Corp 2018 61.230000 72.3333 CAD 9
CM Canadian Imperial Bank of Commerce 2018 109.410000 119.2430 CAD 10
CP Canadian Pacific Railway Ltd 2018 207.560000 228.3820 CAD 13
L Loblaw Companies Ltd 2018 66.370000 80.7500 CAD 8
GIB.A CGI Group Inc 2018 63.450000 74.8571 CAD 14
CCL.A CCL Industries Inc 2018 60.500000 71.5714 CAD 7
CCL.B CCL Industries Inc 2018 58.680000 71.5714 CAD 7
DOL Dollarama Inc 2017 137.100000 148.7000 CAD 10
TECK.B Teck Resources Ltd 2018 27.100000 37.4444 CAD 9
TECK.A Teck Resources Ltd 2018 27.170000 37.4444 CAD 9
WN George Weston Ltd 2018 106.340000 131.7500 CAD 4
CTC.A Canadian Tire Corp Ltd 2018 150.730000 182.2222 CAD 9
SNC SNC-Lavalin Group Inc 2018 56.070000 68.3333 CAD 9
TOU Tourmaline Oil Corp 2018 26.180000 37.6667 CAD 12
MDA MacDonald Dettwiler and Associates Ltd 2018 70.720000 85.2727 CAD 11
MRC Morguard Corp 2018 180.020000 210.0000 CAD 2
BYD.UN Boyd Group Income Fund 2018 92.380000 109.0000 CAD 10
TXG Torex Gold Resources Inc 2018 19.660000 32.9722 CAD 9
ENGH Enghouse Systems Ltd 2018 52.550000 62.2500 CAD 4
EQB Equitable Group Inc 2018 54.590000 65.1429 CAD 7
AFN Ag Growth International Inc 2018 52.390000 67.7143 CAD 7
IDG Indigo Books & Music Inc 2018 15.740000 26.5000 CAD 2
GSY goeasy Ltd 2018 29.850000 41.0000 CAD 5

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.

TRP:TSE TransCanada
TransCanada has 7165 employees and is headquartered in Canada.
TransCanada Corp is an energy infrastructure company. Its business segments include, Natural Gas Pipelines, Liquid Pipelines and Energy. The company has pipeline and power generation assets in Canada, the US, and Mexico.

CP:TSE Canadian Pacific Railway
Canadian Pacific Railway has 12184 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.

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