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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 |
|---|---|---|---|---|---|---|
| BNS | Bank of Nova Scotia | 2018 | 77.210000 | 90.4000 | CAD | 10 |
| ENB | Enbridge Inc | 2018 | 42.950000 | 58.5455 | CAD | 11 |
| CNR | Canadian National Railway Co | 2018 | 95.640000 | 111.2003 | CAD | 11 |
| BMO | Bank of Montreal | 2018 | 97.610000 | 110.2222 | CAD | 9 |
| TRP | TransCanada Corp | 2018 | 57.610000 | 71.4444 | CAD | 9 |
| CM | Canadian Imperial Bank of Commerce | 2018 | 115.000000 | 133.2222 | CAD | 9 |
| CNQ | Canadian Natural Resources Ltd | 2018 | 39.590000 | 54.0714 | CAD | 14 |
| CP | Canadian Pacific Railway Ltd | 2018 | 232.910000 | 249.6308 | CAD | 11 |
| RCI.B | Rogers Communications Inc | 2018 | 57.890000 | 70.1667 | CAD | 12 |
| L | Loblaw Companies Ltd | 2018 | 65.880000 | 80.6250 | CAD | 8 |
| IFC | Intact Financial Corp | 2018 | 98.000000 | 110.2083 | CAD | 12 |
| WN | George Weston Ltd | 2018 | 105.270000 | 126.2500 | CAD | 4 |
| CTC.A | Canadian Tire Corp Ltd | 2018 | 174.320000 | 193.3333 | CAD | 9 |
| CCL.B | CCL Industries Inc | 2018 | 56.450000 | 69.0000 | CAD | 7 |
| CCL.A | CCL Industries Inc | 2018 | 56.620000 | 69.0000 | CAD | 7 |
| SNC | SNC-Lavalin Group Inc | 2018 | 53.080000 | 69.9500 | CAD | 10 |
| LNR | Linamar Corp | 2018 | 69.540000 | 84.6667 | CAD | 6 |
| MAXR | Maxar Technologies Ltd | 2018 | 72.160000 | 90.0000 | CAD | 11 |
| CCA | Cogeco Communications Inc | 2018 | 73.620000 | 90.4444 | CAD | 9 |
| APH | Aphria Inc | 2019 | 14.060000 | 27.5833 | CAD | 6 |
| MRC | Morguard Corp | 2018 | 172.990000 | 210.0000 | CAD | 2 |
| LAS.A | Lassonde Industries Inc | 2018 | 241.000000 | 275.0000 | CAD | 2 |
| CGO | Cogeco Inc | 2018 | 72.800000 | 91.0000 | CAD | 2 |
| EIF | Exchange Income Corp | 2018 | 31.900000 | 44.0500 | CAD | 10 |
| SEA | Seabridge Gold Inc | 2018 | 14.630000 | 29.0000 | 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.
RCI.B:TSE Rogers Communications
http://www.rogers.com
Rogers Communications has 25200 employees and is headquartered in Canada.
Rogers Communications Inc is the largest wireless carrier in Canada. The company provides cable network, Internet access, TV, and phone services. Through its subsidiaries it owns the Sportsnet TV network.
L:TSE Loblaw Cos
http://www.loblaw.ca
Loblaw Cos has 196000 employees and is headquartered in Canada.
Loblaw Companies Ltd is a retailer of food products that also provides drugstore, general merchandise and financial products and services. The company operates corporate-owned stores as well as franchised stores.
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.