Enbridge (ENB:TSE) and TransCanada (TRP:TSE) Are Undervalued

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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 49.300000 62.9091 CAD 11
CNR Canadian National Railway Co 2018 104.220000 114.1454 CAD 12
TRP TransCanada Corp 2018 61.100000 72.1111 CAD 9
CP Canadian Pacific Railway Ltd 2018 223.510000 241.4253 CAD 13
L Loblaw Companies Ltd 2018 67.580000 80.7500 CAD 8
TECK.B Teck Resources Ltd 2018 26.780000 36.6667 CAD 9
TECK.A Teck Resources Ltd 2018 27.240000 36.6667 CAD 9
WN George Weston Ltd 2018 109.090000 131.7500 CAD 4
CTC.A Canadian Tire Corp Ltd 2018 158.600000 182.2222 CAD 9
SNC SNC-Lavalin Group Inc 2018 58.490000 68.2000 CAD 10
TOU Tourmaline Oil Corp 2018 22.190000 34.5833 CAD 12
PEY Peyto Exploration & Development Corp 2018 17.260000 27.0333 CAD 15
CGX Cineplex Inc 2018 38.070000 47.3333 CAD 9
MRC Morguard Corp 2018 188.720000 210.0000 CAD 2
LAS.A Lassonde Industries Inc 2018 243.800000 262.5000 CAD 2
BYD.UN Boyd Group Income Fund 2018 95.590000 108.4545 CAD 11
CGO Cogeco Inc 2018 85.900000 95.0000 CAD 1
TXG Torex Gold Resources Inc 2018 17.830000 32.4167 CAD 9
ATZ Aritzia Inc 2018 11.420000 21.3333 CAD 6
EIF Exchange Income Corp 2018 33.450000 42.7000 CAD 10
AFN Ag Growth International Inc 2018 51.380000 67.1250 CAD 8
IDG Indigo Books & Music Inc 2018 17.990000 26.5000 CAD 2
GSY goeasy Ltd 2018 31.720000 41.4000 CAD 5
TRIL Trillium Therapeutics Inc 2018 9.690000 18.8686 CAD 1
LXR LXRandCo Inc 2018 5.150000 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.

ENB:TSE Enbridge

http://www.enbridge.com
Enbridge has 7733 employees and is headquartered in Canada.
Enbridge Inc serves the oil & gas industry. Its key activity involves gathering and transportation of crude oil and natural gas.

TRP:TSE TransCanada

http://www.transcanada.com
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.

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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.