The Toronto-Dominion Bank (TD:TSE) Fundamental Valuation Report

Fundamental Valuation Report

The Toronto-Dominion Bank(TD:TSE)

Financial Services:Banks-Global

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$73.48 (CAD) 29/11/2018

Weighted Valuation
$81.87 (CAD)

Overall Rating
Undervalued by 11.4%

Valuation Models Analyst Consensus: $85.13 (CAD)
(in order of importance) Adjusted Book Value: $77.28 (CAD)
Discounted Cash Flow: $81.30 (CAD)
Valuation Methods This company is:
Cash Flow: Undervalued on a Cash Flow Valuation
Comparable Company: Overvalued on a Comparable Valuation
Asset: Undervalued on an Asset Valuation

Company Overview (TD:TSE CAD)

Price 73.48
Range 72.97 – 74.26
52 week 69.50 – 79.73
Open 74.26
Vol / Avg. 3.43M/2.84M
Mkt cap 134.4B
P/E 12.56
Div/yield 2.61/0.04
EPS 6.01
Shares 1.83B
Beta 0.84

Company Description

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 42% ownership stake in TD Ameritrade, a discount brokerage.

Valuation Details

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for TD:TSE

Using a discounted cash flow model we generated an intrinsic value of $81.30 (CAD) for TD:TSE

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

TD:TSE Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $81.30 1% 5% 1% 5%
WACC (or Ke) 9.53 $96.43 $70.20
Terminal Growth Rate 3.00 $71.47 $94.70
Tax Rate 0.23 $86.83 $75.78
Cash Flow 14,935,290,939 $76.91 $85.70
Capital Expenditures -725,400,000 $81.11 $81.50
Long Term Debt 0 $81.30 $81.30

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $55.28 (CAD) for TD:TSE. We also generated a valuation of $82.64 (CAD) using other metrics and comparables.
The comparable companies were Bank of Montreal (BMO:TSE), Bank of Nova Scotia (BNS:TSE) and Royal Bank of Canada (RY:TSE).

Company TD:TSE End Date Value
Earnings/Share $6.01 (CAD)
Book Value/Share $39.34 (CAD)
Sales/Share $20.43 (CAD)
Cash Flow/Share $14.51 (CAD)
EBITDA/Share $15.64 (CAD)
Price Based on Comps Adjustment Factor (%)
$71.52 (CAD) -55.4
$64.42 (CAD) 21.8
$62.86 (CAD) 36.1
$14.61 (CAD) -69.1
$0.00 (CAD) -77.4
TD:TSE Ratios Used Average Values BMO:TSE BNS:TSE RY:TSE
12.48 PE Ratio 11.90 13.30 10.48 11.92
1.86 PB Ratio 1.64 1.55 1.43 1.93
3.57 PS Ratio 3.08 2.82 3.12 3.29
5.03 PCF Ratio 5.63 6.59 0.00 4.67
0.00 EV to EBITDA 0.00 0.00 0.00 0.00

Multiples

Using a multiples approach we generated a valuation of  $57.12 (CAD) for TD:TSE

Company TD:TSE End Date Value
Earnings/Share $6.01 (CAD)
Book Value/Share $39.34 (CAD)
Sales/Share $20.43 (CAD)
Cash Flow/Share $14.51 (CAD)
EBITDA/Share $15.64 (CAD)
Price Based on Comps Adjustment Factor
$79.20 (CAD) 0
$70.65 (CAD) 0
$69.49 (CAD) 0
$48.10 (CAD) 0
$18.14 (CAD) 0
Ratios Ratio Average
PE Ratio 13.18
PB Ratio 1.80
PS Ratio 3.40
PCF Ratio 3.31
EV to EBITDA 1.16

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  TD:TSE for the last 10 years was  1.79

We ran the Adjusted Book Value for  TD:TSE and generated a book value of  $43.19 (CAD)
By multiplying these we get an adjusted valuation of  $77.28 (CAD)

Analyst Data

In the Stockcalc database there are 8 analysts that provide a valuation for TD:TSE. The 8 analysts have a concensus valuation for TD:TSE for 2019 of $85.13 (CAD).

TD:TSE The Toronto-Dominion Bank

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
4 2 0 4.2222 Outperform 2018-11-28

Current Price: 73.48 CAD

Analyst Consensus
CAD Millions 2019 2020
Mean EPS 6.92 7.35
# EPS Analysts 8 7
Mean Revenue 39,220.50 41,668.80
# Revenue Analysts 6 4
Mean Target Price 85.13
Mean Cash Flow
Mean EBITDA
Mean Net Income
Mean Debt Outstanding
Mean Tax Rate
Mean Growth Rate
Mean Capital Expenditure

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.

The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).

The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.

With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.

If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, 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 or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on stockcalc.com for further information.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.


Royal Bank of Canada (RY:TSE) Fundamental Valuation Report

Fundamental Valuation Report

Royal Bank of Canada(RY:TSE)

Financial Services:Banks-Global

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$97.82 (CAD) 29/11/2018

Weighted Valuation
$112.89 (CAD)

Overall Rating
Undervalued by 15.4%

Valuation Models Analyst Consensus: $110.88 (CAD)
(in order of importance) Adjusted Book Value: $116.80 (CAD)
Discounted Cash Flow: $111.12 (CAD)
Valuation Methods This company is:
Cash Flow: Undervalued on a Cash Flow Valuation
Comparable Company: Overvalued on a Comparable Valuation
Asset: Undervalued on an Asset Valuation

Company Overview (RY:TSE CAD)

Price 97.82
Range 97.41 – 98.74
52 week 93.62 – 108.05
Open 98.00
Vol / Avg. 2.66M/2.33M
Mkt cap 141.15B
P/E 11.70
Div/yield 3.77/0.04
EPS 8.36
Shares 1.44B
Beta 0.98

Company Description

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.

Valuation Details

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for RY:TSE

Using a discounted cash flow model we generated an intrinsic value of $111.12 (CAD) for RY:TSE

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

RY:TSE Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $111.12 1% 5% 1% 5%
WACC (or Ke) 10.33 $129.52 $97.13
Terminal Growth Rate 3.00 $98.90 $127.19
Tax Rate 0.21 $118.65 $103.58
Cash Flow 18,104,671,839 $104.94 $117.30
Capital Expenditures -1,037,000,000 $110.80 $111.43
Long Term Debt 0 $111.12 $111.12

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $87.03 (CAD) for RY:TSE. We also generated a valuation of $83.02 (CAD) using other metrics and comparables.
The comparable companies were Bank of Montreal (BMO:TSE) and The Toronto-Dominion Bank (TD:TSE).

Company RY:TSE End Date Value
Earnings/Share $8.36 (CAD)
Book Value/Share $49.68 (CAD)
Sales/Share $29.14 (CAD)
Cash Flow/Share $20.52 (CAD)
EBITDA/Share $21.83 (CAD)
Price Based on Comps Adjustment Factor (%)
$107.78 (CAD) -55.5
$84.72 (CAD) 53.1
$93.17 (CAD) 26.6
$112.92 (CAD) -56.0
$0.00 (CAD) -60.2
RY:TSE Ratios Used Average Values BMO:TSE TD:TSE
11.92 PE Ratio 12.89 13.30 12.48
1.93 PB Ratio 1.71 1.55 1.86
3.29 PS Ratio 3.20 2.82 3.57
4.67 PCF Ratio 5.81 6.59 5.03
0.00 EV to EBITDA 0.00 0.00 0.00

Multiples

Using a multiples approach we generated a valuation of  $82.09 (CAD) for RY:TSE

Company RY:TSE End Date Value
Earnings/Share $8.36 (CAD)
Book Value/Share $49.68 (CAD)
Sales/Share $29.14 (CAD)
Cash Flow/Share $20.52 (CAD)
EBITDA/Share $21.83 (CAD)
Price Based on Comps Adjustment Factor
$105.29 (CAD) 0
$104.64 (CAD) 0
$99.23 (CAD) 0
$97.38 (CAD) 0
$3.91 (CAD) 0
Ratios Ratio Average
PE Ratio 12.60
PB Ratio 2.11
PS Ratio 3.40
PCF Ratio 4.75
EV to EBITDA 0.18

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  RY:TSE for the last 10 years was  2.10

We ran the Adjusted Book Value for  RY:TSE and generated a book value of  $55.51 (CAD)
By multiplying these we get an adjusted valuation of  $116.80 (CAD)

Analyst Data

In the Stockcalc database there are 8 analysts that provide a valuation for RY:TSE. The 8 analysts have a concensus valuation for RY:TSE for 2019 of $110.88 (CAD).

RY:TSE Royal Bank of Canada

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
2 5 0 3.7000 Outperform 2018-11-28

Current Price: 97.82 CAD

Analyst Consensus
CAD Millions 2019 2020
Mean EPS 9.03 9.59
# EPS Analysts 8 7
Mean Revenue 44,294.70 46,824.80
# Revenue Analysts 6 4
Mean Target Price 110.88
Mean Cash Flow
Mean EBITDA
Mean Net Income
Mean Debt Outstanding
Mean Tax Rate
Mean Growth Rate
Mean Capital Expenditure

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.

The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).

The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.

With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.

If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, 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 or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on stockcalc.com for further information.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.


The Toronto-Dominion Bank (TD:NYS) Fundamental Valuation Report

Fundamental Valuation Report

The Toronto-Dominion Bank(TD:NYS)

Financial Services:Banks-Global

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$73.56 (CAD) / $55.25 (USD) 29/11/2018

Weighted Valuation
$79.94 (CAD) / $60.04 (USD)

Use a conversion rate of 0.7510439 from CAD to USD.

Overall Rating
Undervalued by 8.7%

Valuation Models Analyst Consensus: $85.13 (CAD) / $63.93 (USD)
(in order of importance) Adjusted Book Value: $77.20 (CAD) / $57.98 (USD)
Discounted Cash Flow: $69.85 (CAD) / $52.46 (USD)
Valuation Methods This company is:
Cash Flow: Overvalued on a Cash Flow Valuation
Comparable Company: Overvalued on a Comparable Valuation
Asset: Fairly valued on an Asset Valuation

Company Overview (TD:NYS USD)

Price 0.00
Range 0.00 – 0.00
52 week 0.00 – 0.00
Open 0.00
Vol / Avg. 0/0
Mkt cap 0
P/E 0.00
Div/yield 0.00/0.00
EPS 0.00
Shares 0
Beta 0.00

Company Description

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 42% ownership stake in TD Ameritrade, a discount brokerage.

Valuation Details

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for TD:NYS

Using a discounted cash flow model we generated an intrinsic value of $69.85 (CAD) / $52.46 (USD) for TD:NYS

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

TD:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $69.85 1% 5% 1% 5%
WACC (or Ke) 10.57 $80.85 $61.43
Terminal Growth Rate 3.00 $62.53 $79.41
Tax Rate 0.23 $74.62 $65.08
Cash Flow 14,935,290,939 $66.06 $73.64
Capital Expenditures -725,400,000 $69.69 $70.02
Long Term Debt 0 $69.85 $69.85

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $55.96 (CAD) / $42.03 (USD) for TD:NYS. We also generated a valuation of $80.93 (CAD) / $60.78 (USD) using other metrics and comparables.
The comparable companies were Bank of Montreal (BMO:TSE), Bank of Nova Scotia (BNS:TSE) and Royal Bank of Canada (RY:NYS).

Company TD:NYS End Date Value
Earnings/Share $6.01 (CAD) / $4.51 (USD)
Book Value/Share $39.93 (CAD) / $29.99 (USD)
Sales/Share $20.73 (CAD) / $15.57 (USD)
Cash Flow/Share $14.73 (CAD) / $11.06 (USD)
EBITDA/Share $15.64 (CAD) / $11.75 (USD)
Price Based on Comps Adjustment Factor (%)
$71.43 (CAD) / $53.65 (USD) -55.4
$65.28 (CAD) / $49.03 (USD) 21.9
$63.71 (CAD) / $47.85 (USD) 36.2
($6.55) (CAD) / ($4.92) (USD) -69.1
$0.00 (CAD) / $0.00 (USD) -77.3
TD:NYS Ratios Used Average Values BMO:TSE BNS:TSE RY:NYS
12.44 PE Ratio 11.89 13.30 10.48 11.87
1.85 PB Ratio 1.64 1.55 1.43 1.92
3.56 PS Ratio 3.07 2.82 3.12 3.28
5.01 PCF Ratio 5.62 6.59 0.00 4.66
0.00 EV to EBITDA 0.00 0.00 0.00 0.00

Multiples

Using a multiples approach we generated a valuation of  $57.77 (CAD) / $43.39 (USD) for TD:NYS

Company TD:NYS End Date Value
Earnings/Share $6.01 (CAD) / $4.51 (USD)
Book Value/Share $39.93 (CAD) / $29.99 (USD)
Sales/Share $20.73 (CAD) / $15.57 (USD)
Cash Flow/Share $14.73 (CAD) / $11.06 (USD)
EBITDA/Share $15.64 (CAD) / $11.75 (USD)
Price Based on Comps Adjustment Factor
$79.23 (CAD) / $59.50 (USD) 0
$71.64 (CAD) / $53.81 (USD) 0
$70.53 (CAD) / $52.97 (USD) 0
$48.82 (CAD) / $36.67 (USD) 0
$18.63 (CAD) / $13.99 (USD) 0
Ratios Ratio Average
PE Ratio 13.18
PB Ratio 1.79
PS Ratio 3.40
PCF Ratio 3.32
EV to EBITDA 1.19

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  TD:NYS for the last 10 years was  1.79

We ran the Adjusted Book Value for  TD:NYS and generated a book value of  $43.19 (CAD) / $32.43 (USD)
By multiplying these we get an adjusted valuation of  $77.20 (CAD) / $57.98 (USD)

Analyst Data

In the Stockcalc database there are 8 analysts that provide a valuation for TD:NYS. The 8 analysts have a concensus valuation for TD:NYS for 2019 of $85.13 (CAD) / $63.93 (USD).

TD:NYS The Toronto-Dominion Bank

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
4 2 0 4.2222 Outperform 2018-11-28

Current Price: 55.25 USD

Analyst Consensus
CAD Millions 2019 2020
Mean EPS 6.92 7.35
# EPS Analysts 8 7
Mean Revenue 39,220.50 41,668.80
# Revenue Analysts 6 4
Mean Target Price 85.13
Mean Cash Flow
Mean EBITDA
Mean Net Income
Mean Debt Outstanding
Mean Tax Rate
Mean Growth Rate
Mean Capital Expenditure

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.

The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).

The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.

With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.

If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, 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 or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on stockcalc.com for further information.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.


Coca-Cola (KO:NYS) and The Toronto-Dominion Bank (TD:TSE) Upgraded

Stockcalc – Free Trial

Have a free look inside the StockCalc website at www.stockcalc.com



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.

Upgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been upgraded by at least one analyst in the last few days.

Why Do Companies Get Upgraded?

Companies can get upgraded for a number of reasons, but primarily due to improved future earnings potential due to new contracts, new products, cost savings or restructuring.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
KO Coca-Cola Co 5 1 3 0 0 0 4.2222 4.1000 Outperform
TD The Toronto-Dominion Bank 4 3 2 0 0 0 4.2222 4.0000 Outperform
F Ford Motor Co 1 1 2 0 0 0 3.7500 3.6000 Outperform
HLT Hilton Worldwide Holdings Inc 3 1 2 0 0 0 4.1667 4.0000 Outperform
BHC Bausch Health Companies Inc 2 0 5 0 0 0 3.5714 3.5000 Outperform
PHM PulteGroup Inc 1 1 2 0 0 0 3.7500 3.6000 Outperform
KIM Kimco Realty Corp 1 1 2 0 0 0 3.7500 3.2000 Outperform
CFR Cullen/Frost Bankers Inc 0 1 2 0 0 0 3.3333 3.2500 Hold
FLR Fluor Corp 3 0 3 0 0 0 4.0000 3.5714 Outperform
BB BlackBerry Ltd 2 1 7 0 0 0 3.5000 3.4545 Hold
MTH Meritage Homes Corp 1 0 1 0 0 0 4.0000 3.6667 Outperform
DSX Diana Shipping Inc 1 0 2 0 0 0 3.6667 3.5000 Outperform
SB Safe Bulkers Inc 1 0 0 0 0 0 5.0000 4.0000 Buy
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TD The Toronto-Dominion Bank 4 3 2 0 0 0 4.2222 4.0000 Outperform
BHC Bausch Health Companies Inc 2 0 5 0 0 0 3.5714 3.5000 Outperform
BB BlackBerry Ltd 2 1 7 0 0 0 3.5000 3.4545 Hold
CRT.UN CT Real Estate Investment Trust 1 1 4 0 0 0 3.5000 3.4286 Hold
SW Sierra Wireless Inc 3 2 5 0 1 0 3.5455 3.5000 Outperform
PXX BlackPearl Resources Inc 1 2 2 0 3 0 2.7500 2.5714 Hold
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
JSE Jadestone Energy Inc 1 1 0 0 0 0 4.5000 4.0000 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
ADSK Autodesk Inc 8 0 1 0 0 0 4.7778 4.5556 Buy
AAL American Airlines Group Inc 3 1 1 0 0 0 4.4000 4.1667 Outperform
MXIM Maxim Integrated Products Inc 1 0 4 0 0 0 3.4000 3.3333 Hold
DNKN Dunkin’ Brands Group Inc 1 0 4 0 0 0 3.4000 3.0000 Hold
SWIR Sierra Wireless Inc 3 2 5 0 1 0 3.5455 3.5000 Outperform

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.

KO:NYS Coca-Cola

http://www.coca-colacompany.com
Coca-Cola has 61800 employees and is headquartered in United States.
Coca-Cola Co is nonalcoholic beverage company which manufactures a variety of carbonated and noncarbonated brands, including Coca-Cola, Diet Coke, Fanta, Sprite, Minute Maid, Powerade, and Dasani.

TD:TSE The Toronto-Dominion Bank

http://www.td.com
The Toronto-Dominion Bank has 85258 employees and is headquartered in Canada.
The Toronto-Dominion Bank and its subsidiaries provide financial products and services. It offers asset management, insurance, wealth management, investment banking, wholesale banking, personal banking and commercial banking services and others.

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.

Intel (INTC:NAS) and General Electric (GE:NYS) Downgraded

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Downgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been downgraded by at least one analyst in the last few days.

Why Do Companies Get Downgraded?

Companies can get downgraded for a number of reasons but primarily due to reduced future earnings potential due to loss of contracts, faultering product lines, increasing costs relative to revenue or financial risk.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
WMT Walmart Inc 2 0 8 0 0 0 3.4000 3.5000 Hold
GE General Electric Co 2 0 2 0 2 0 3.0000 3.1429 Hold
TD The Toronto-Dominion Bank 5 3 4 0 0 0 4.0833 4.1818 Outperform
TECK Teck Resources Ltd 8 3 1 1 0 0 4.3846 4.5833 Outperform
CCJ Cameco Corp 1 3 4 0 1 0 3.3333 3.6667 Hold
EDR Education Realty Trust Inc 0 0 1 0 0 0 3.0000 5.0000 Hold
OIBR.C Oi SA 0 0 0 0 1 0 1.0000 2.0000 Sell
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TD The Toronto-Dominion Bank 5 3 4 0 0 0 4.0833 4.1818 Outperform
TECK.B Teck Resources Ltd 8 3 1 1 0 0 4.3846 4.5833 Outperform
TECK.A Teck Resources Ltd 8 3 1 1 0 0 4.3846 4.5833 Outperform
CCO Cameco Corp 1 3 4 0 1 0 3.3333 3.6667 Hold
RNW TransAlta Renewables Inc 0 2 8 0 0 0 3.2000 3.2222 Hold
DRG.UN Dream Global Real Estate Investment Trust 2 2 2 0 0 0 4.0000 4.2000 Outperform
BLX Boralex Inc 2 2 1 0 0 0 4.2000 4.3333 Outperform
KMP.UN Killam Apartment Real Estate Investment Trust 2 3 2 0 0 0 4.0000 4.1667 Outperform
NMX Nemaska Lithium Inc 3 3 0 0 0 0 4.5000 4.5714 Outperform
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
BBI Blackbird Energy Inc 1 1 1 0 0 0 4.0000 4.5000 Outperform
SRG SRG Graphite Inc 1 1 0 0 0 0 4.5000 5.0000 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
INTC Intel Corp 6 1 4 0 2 0 3.6923 3.9167 Outperform
AMD Advanced Micro Devices Inc 2 0 8 0 0 0 3.4000 3.4444 Hold
INCY Incyte Corp 4 1 3 0 0 0 4.1250 4.3750 Outperform
TREE LendingTree Inc 3 0 2 0 1 0 3.6667 4.0000 Outperform

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.

INTC:NAS Intel

http://www.intel.com
Intel has 102700 employees and is headquartered in United States.
Intel Corp is the world’s largest chipmaker. It engaged in making a semiconductor chip. It designs and manufactures integrated digital technology products like integrated circuits, for industries such as computing and communications.

GE:NYS General Electric

http://www.ge.com
General Electric has 313000 employees and is headquartered in United States.
General Electric Co is a digital industrial company. It operates in various segments, including power and water, oil and gas, energy management, aviation, healthcare, transportation, appliances and lighting, and more.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

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.

Alibaba Group Holding (BABA:NYS) and The Toronto-Dominion Bank (TD:NYS) Downgraded

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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.

Downgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been downgraded by at least one analyst in the last few days.

Why Do Companies Get Downgraded?

Companies can get downgraded for a number of reasons but primarily due to reduced future earnings potential due to loss of contracts, faultering product lines, increasing costs relative to revenue or financial risk.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
BABA Alibaba Group Holding Ltd 5 0 1 0 0 0 4.6667 4.8333 Buy
TD The Toronto-Dominion Bank 5 3 3 0 0 0 4.1818 4.2500 Outperform
TWX Time Warner Inc 4 0 6 0 0 0 3.8000 4.0000 Outperform
SYY Sysco Corp 2 0 2 1 0 0 3.6000 4.0000 Outperform
BF.B Brown-Forman Corp 1 0 4 0 2 0 2.7143 3.0000 Hold
BF.A Brown-Forman Corp 1 0 4 0 2 0 2.7143 3.0000 Hold
FDC First Data Corp 5 0 1 0 0 0 4.6667 4.7143 Buy
CAH Cardinal Health Inc 3 0 3 0 0 0 4.0000 4.3333 Outperform
GPC Genuine Parts Co 1 0 1 0 0 0 4.0000 4.5000 Outperform
UAA Under Armour Inc 0 0 5 0 2 0 2.4286 2.7500 Underperform
UA Under Armour Inc 0 0 5 0 2 0 2.4286 2.7500 Underperform
SEE Sealed Air Corp 2 0 2 0 0 0 4.0000 4.2000 Outperform
EVHC Envision Healthcare Corp 2 0 3 0 0 0 3.8000 4.2000 Outperform
YELP Yelp Inc 4 0 2 0 2 0 3.5000 3.7500 Hold
RH RH 3 0 3 0 1 0 3.5714 3.7143 Outperform
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TD The Toronto-Dominion Bank 5 3 3 0 0 0 4.1818 4.2500 Outperform
IVN Ivanhoe Mines Ltd 3 3 2 0 0 0 4.1250 4.2857 Outperform
AD Alaris Royalty Corp 2 3 3 0 0 0 3.8750 4.0000 Outperform
ASND Ascendant Resources Inc 2 3 0 0 0 0 4.4000 4.5000 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
FOXA Twenty-First Century Fox Inc 4 0 5 0 0 0 3.8889 4.0000 Outperform
FOX Twenty-First Century Fox Inc 4 0 5 0 0 0 3.8889 4.0000 Outperform
ADP Automatic Data Processing Inc 1 0 3 0 0 0 3.5000 3.6667 Hold
AMAT Applied Materials Inc 5 0 3 0 0 0 4.2500 4.5000 Outperform
LRCX Lam Research Corp 6 0 3 0 0 0 4.3333 4.5556 Outperform
SFM Sprouts Farmers Market Inc 4 1 2 0 0 0 4.2857 4.3333 Outperform

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.

BABA:NYS Alibaba Group Holding

http://www.alibabagroup.com
Alibaba Group Holding has 63809 employees and is headquartered in Hong Kong.
Alibaba Group Holding Ltd is an online and mobile commerce company. It operates China’s most popular online marketplaces such as Taobao (C2C), Tmall (B2C), and Juhuasuan. It also engages in advertising, digital media, cloud computing, and other.

TD:NYS The Toronto-Dominion Bank

http://www.td.com
The Toronto-Dominion Bank has 83060 employees and is headquartered in Canada.
The Toronto-Dominion Bank and its subsidiaries provide financial products and services. It offers asset management, insurance, wealth management, investment banking, wholesale banking, personal banking and commercial banking services and others.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

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.

The Toronto-Dominion Bank (TD:TSE) and Bank of Nova Scotia (BNS:TSE) Downgraded

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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.

Downgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been downgraded by at least one analyst in the last few days.

Why Do Companies Get Downgraded?

Companies can get downgraded for a number of reasons but primarily due to reduced future earnings potential due to loss of contracts, faultering product lines, increasing costs relative to revenue or financial risk.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TD The Toronto-Dominion Bank 6 3 3 0 0 0 4.2500 4.2727 Outperform
BNS Bank of Nova Scotia 3 4 2 0 0 0 4.1111 4.1250 Outperform
EQR Equity Residential 2 0 5 0 0 0 3.5714 3.6667 Outperform
HIG The Hartford Financial Services Group Inc 3 0 2 0 0 0 4.2000 4.5000 Outperform
HST Host Hotels & Resorts Inc 3 0 5 0 0 0 3.7500 3.8571 Outperform
UDR UDR Inc 1 0 3 0 0 0 3.5000 3.6667 Hold
MAC Macerich Co 1 0 5 0 0 0 3.3333 3.4000 Hold
KRC Kilroy Realty Corp 2 1 3 0 0 0 3.8333 4.0000 Outperform
BRX Brixmor Property Group Inc 1 0 4 0 0 0 3.4000 3.5000 Hold
IAG Iamgold Corp 5 3 7 0 0 0 3.8667 3.9333 Outperform
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TD The Toronto-Dominion Bank 6 3 3 0 0 0 4.2500 4.2727 Outperform
BNS Bank of Nova Scotia 3 4 2 0 0 0 4.1111 4.1250 Outperform
IMG Iamgold Corp 5 3 7 0 0 0 3.8667 3.9333 Outperform
KMP.UN Killam Apartment Real Estate Investment Trust 4 3 3 0 0 0 4.1000 4.1818 Outperform
NXE NexGen Energy Ltd 2 3 0 0 0 0 4.4000 4.5000 Outperform
ADW.B Andrew Peller Ltd 1 1 1 0 0 0 4.0000 4.6667 Outperform
ADW.A Andrew Peller Ltd 1 1 1 0 0 0 4.0000 4.6667 Outperform
SMU.UN Summit Industrial Income REIT 3 1 2 0 0 0 4.1667 4.2857 Outperform
HNL Horizon North Logistics Inc 4 3 0 0 0 0 4.5714 4.6250 Buy
IBR Iron Bridge Resources Inc 0 3 3 0 3 0 2.6667 2.7000 Hold
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TLG Troilus Gold Corp 2 3 0 0 0 0 4.4000 4.5000 Outperform
American Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
NXE NexGen Energy Ltd 2 3 0 0 0 0 4.4000 4.5000 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
RYAAY Ryanair Holdings PLC 4 0 6 0 0 0 3.8000 4.0000 Outperform
ZS Zscaler Inc 1 0 2 1 0 0 3.2500 3.6667 Hold
CDEV Centennial Resource Development Inc 4 0 1 0 0 0 4.6000 5.0000 Buy
TXRH Texas Roadhouse Inc 1 0 4 0 0 0 3.4000 3.5000 Hold
GOV Government Properties Income Trust 0 0 1 0 1 0 2.0000 3.0000 Underperform
TEDU Tarena International Inc 0 0 1 0 0 0 3.0000 5.0000 Hold

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 83060 employees and is headquartered in Canada.
The Toronto-Dominion Bank and its subsidiaries provide financial products and services. It offers asset management, insurance, wealth management, investment banking, wholesale banking, personal banking and commercial banking services and others.

BNS:TSE Bank of Nova Scotia

http://www.scotiabank.com
Bank of Nova Scotia has 89809 employees and is headquartered in Canada.
Bank of Nova Scotia is an international bank and a financial service provider. The company provides personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets services.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

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.

The Toronto-Dominion Bank (TD:TSE) and Enbridge (ENB: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
RY Royal Bank of Canada 2018 96.630000 111.5556 CAD 9
TD The Toronto-Dominion Bank 2018 69.500000 83.5000 CAD 10
BNS Bank of Nova Scotia 2018 76.390000 91.3000 CAD 10
ENB Enbridge Inc 2018 40.490000 57.1818 CAD 11
BMO Bank of Montreal 2018 95.010000 110.2222 CAD 9
TRP TransCanada Corp 2018 55.240000 70.5556 CAD 9
CM Canadian Imperial Bank of Commerce 2018 110.500000 134.8889 CAD 9
CP Canadian Pacific Railway Ltd 2018 223.480000 256.2319 CAD 12
L Loblaw Companies Ltd 2018 65.320000 78.0000 CAD 7
DOL Dollarama Inc 2018 147.530000 166.4000 CAD 10
IFC Intact Financial Corp 2018 96.600000 110.0417 CAD 12
WN George Weston Ltd 2018 104.470000 122.2500 CAD 4
CTC.A Canadian Tire Corp Ltd 2018 167.850000 194.4444 CAD 9
SNC SNC-Lavalin Group Inc 2018 56.030000 70.2500 CAD 10
IAG Industrial Alliance Insurance and Financial Services Inc 2018 52.050000 64.5556 CAD 9
LNR Linamar Corp 2018 72.250000 85.0000 CAD 6
CCA Cogeco Communications Inc 2018 67.700000 83.7778 CAD 9
MAXR Maxar Technologies Ltd 2018 57.450000 84.0593 CAD 10
MRC Morguard Corp 2018 164.260000 205.0000 CAD 2
APH Aphria Inc 2019 11.000000 25.3929 CAD 7
LAS.A Lassonde Industries Inc 2018 255.120000 277.5000 CAD 2
CGO Cogeco Inc 2018 66.050000 86.5000 CAD 2
EQB Equitable Group Inc 2018 55.730000 71.1250 CAD 8
AFN Ag Growth International Inc 2018 52.140000 65.3750 CAD 8
SEA Seabridge Gold Inc 2018 13.270000 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.

TD:TSE The Toronto-Dominion Bank

http://www.td.com
The Toronto-Dominion Bank has 82581 employees and is headquartered in Canada.
The Toronto-Dominion Bank and its subsidiaries provide financial products and services. It offers asset management, insurance, wealth management, investment banking, wholesale banking, personal banking and commercial banking services and others.

ENB:TSE Enbridge

http://www.enbridge.com
Enbridge has 12700 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.

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.

The Toronto-Dominion Bank (TD:TSE) and BP (BP:NYS) Upgraded

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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.

Upgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been upgraded by at least one analyst in the last few days.

Why Do Companies Get Upgraded?

Companies can get upgraded for a number of reasons, but primarily due to improved future earnings potential due to new contracts, new products, cost savings or restructuring.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
BP BP PLC 8 0 1 0 0 0 4.7778 4.5556 Buy
ABT Abbott Laboratories 5 0 0 1 0 0 4.5000 4.2857 Outperform
CS Credit Suisse Group AG 2 0 0 0 0 0 5.0000 4.0000 Buy
PRU Prudential Financial Inc 3 0 3 0 0 0 4.0000 3.6667 Outperform
F Ford Motor Co 1 1 4 0 0 0 3.5000 3.3333 Hold
BAX Baxter International Inc 3 0 2 1 0 0 3.8333 3.7143 Outperform
APD Air Products & Chemicals Inc 5 0 3 0 0 0 4.2500 4.1111 Outperform
AFL Aflac Inc 0 0 2 0 1 0 2.3333 2.0000 Underperform
MT ArcelorMittal SA 5 0 1 0 0 0 4.6667 4.5000 Buy
TWTR Twitter Inc 3 0 6 1 1 0 3.2727 3.0833 Hold
ZBH Zimmer Biomet Holdings Inc 6 0 3 0 0 0 4.3333 4.0000 Outperform
CLR Continental Resources Inc 4 0 2 0 0 0 4.3333 4.1667 Outperform
TI.A Telecom Italia SpA 2 1 2 0 0 0 4.0000 3.6000 Outperform
TI Telecom Italia SpA 2 1 2 0 0 0 4.0000 3.6000 Outperform
NLSN Nielsen Holdings PLC 2 0 2 0 0 0 4.0000 3.8000 Outperform
UNM Unum Group 0 0 3 0 1 0 2.5000 2.3333 Underperform
ALB Albemarle Corp 4 1 4 0 0 0 4.0000 3.8889 Outperform
ATH Athene Holding Ltd 3 0 0 0 0 0 5.0000 4.3333 Buy
RS Reliance Steel & Aluminum Co 2 0 0 1 0 0 4.0000 3.6667 Outperform
CTLT Catalent Inc 1 0 1 0 0 0 4.0000 3.0000 Outperform
AIZ Assurant Inc 1 0 0 0 0 0 5.0000 3.0000 Buy
YELP Yelp Inc 5 0 2 0 1 0 4.0000 3.8889 Outperform
OAS Oasis Petroleum Inc 3 1 2 0 0 0 4.1667 4.0000 Outperform
FG FGL Holdings 1 0 0 0 0 0 5.0000 0.0000 Buy
DPLO Diplomat Pharmacy Inc 1 0 1 0 0 0 4.0000 3.0000 Outperform
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TD The Toronto-Dominion Bank 6 2 3 0 0 0 4.2727 4.1818 Outperform
KXS Kinaxis Inc 5 6 1 0 0 0 4.3333 4.1667 Outperform
EXE Extendicare Inc 1 0 2 0 0 0 3.6667 3.0000 Outperform
SRX Storm Resources Ltd 2 5 3 0 0 0 3.9000 3.8000 Outperform
IRG Imvescor Restaurant Group Inc 0 1 1 0 1 0 2.6667 2.2500 Hold
NAL Newalta Corp 1 1 2 0 0 0 3.7500 3.2500 Outperform
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
ORE Orezone Gold Corp 0 3 2 0 0 0 3.6000 3.5000 Outperform
KUU KuuHubb Inc 1 1 0 0 0 0 4.5000 4.0000 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
EBAY eBay Inc 8 0 3 0 0 0 4.4545 4.2727 Outperform
MNST Monster Beverage Corp 4 0 2 0 0 0 4.3333 4.1667 Outperform
RYAAY Ryanair Holdings PLC 5 0 3 0 0 0 4.2500 4.1111 Outperform
GRFS Grifols SA 0 1 1 0 0 0 3.5000 3.0000 Hold
XRAY Dentsply Sirona Inc 4 0 1 0 1 0 4.0000 3.8571 Outperform
DISCK Discovery Communications Inc 3 1 4 0 1 0 3.5556 3.3333 Outperform
DISCB Discovery Communications Inc 3 1 4 0 1 0 3.5556 3.3333 Outperform
DISCA Discovery Communications Inc 3 1 4 0 1 0 3.5556 3.3333 Outperform
ROKU Roku Inc 0 0 1 0 1 0 2.0000 1.0000 Underperform
CARG CarGurus Inc 0 0 1 0 0 0 3.0000 0.0000 Hold
FEYE FireEye Inc 3 0 4 0 0 0 3.8571 3.5714 Outperform
ITRI Itron Inc 2 0 1 0 0 0 4.3333 4.0000 Outperform
SFIX Stitch Fix Inc 1 0 0 0 0 0 5.0000 0.0000 Buy
PDCO Patterson Companies Inc 3 1 2 0 1 0 3.7143 3.5714 Outperform
BLMN Bloomin Brands Inc 1 0 1 0 0 0 4.0000 3.0000 Outperform
USCR US Concrete Inc 1 1 0 0 0 0 4.5000 4.0000 Outperform
CNSL Consolidated Communications Holdings Inc 0 1 0 0 0 0 4.0000 3.0000 Outperform
ATRC AtriCure Inc 1 0 0 0 0 0 5.0000 3.0000 Buy
DFRG Del Frisco’s Restaurant Group Inc 2 0 1 0 0 0 4.3333 3.6667 Outperform
LQDT Liquidity Service Inc 1 0 0 0 0 0 5.0000 3.0000 Buy

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 82581 employees and is headquartered in Canada.
The Toronto-Dominion Bank and its subsidiaries provide financial products and services. It offers asset management, insurance, wealth management, investment banking, wholesale banking, personal banking and commercial banking services and others.

BP:NYS BP

http://www.bp.com
BP has 74500 employees and is headquartered in United Kingdom.
BP PLC is an integrated oil and gas company. Its business activities involved oil and natural gas exploration, midstream transportation, supply and trading of crude oil, petrochemicals products and related services to wholesale and retail customers.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

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.

Taiwan Semiconductor (TSM:NYS) and Anheuser-Busch InBev (BUD:NYS) Upgraded

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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.

Upgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been upgraded by at least one analyst in the last few days.

Why Do Companies Get Upgraded?

Companies can get upgraded for a number of reasons, but primarily due to improved future earnings potential due to new contracts, new products, cost savings or restructuring.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TSM Taiwan Semiconductor Manufacturing Co Ltd 2 0 1 1 0 0 3.7500 3.2500 Outperform
BUD Anheuser-Busch InBev SA/NV 5 0 2 0 1 0 4.0000 3.8571 Outperform
TD The Toronto-Dominion Bank 6 1 4 0 0 0 4.1818 4.1000 Outperform
CL Colgate-Palmolive Co 0 1 5 0 1 0 2.8571 2.7143 Hold
NGG National Grid PLC 1 1 4 0 0 0 3.5000 3.3333 Hold
CMA Comerica Inc 1 0 4 1 0 0 3.1667 3.1429 Hold
UMC United Microelectronics Corp 0 0 1 0 1 0 2.0000 1.0000 Underperform
CPG Crescent Point Energy Corp 5 3 7 0 0 0 3.8667 3.8125 Outperform
FCB FCB Financial Holdings Inc 3 0 0 0 0 0 5.0000 4.5000 Buy
SAM Boston Beer Co Inc 0 0 3 0 0 0 3.0000 2.6667 Hold
RDC Rowan Companies PLC 2 0 6 0 0 0 3.5000 3.3750 Hold
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TD The Toronto-Dominion Bank 6 1 4 0 0 0 4.1818 4.1000 Outperform
H Hydro One Ltd 2 5 5 0 0 0 3.7500 3.7273 Outperform
IAG Industrial Alliance Insurance and Financial Services Inc 2 0 5 0 0 0 3.5714 3.5000 Outperform
CPG Crescent Point Energy Corp 5 3 7 0 0 0 3.8667 3.8125 Outperform
WCP Whitecap Resources Inc 11 5 0 0 0 0 4.6875 4.6250 Buy
ECN ECN Capital Corp 6 4 0 0 0 0 4.6000 4.5455 Buy
NMX Nemaska Lithium Inc 2 3 1 0 0 0 4.1667 4.0000 Outperform
CPH Cipher Pharmaceuticals Inc 3 2 2 0 0 0 4.1429 4.0000 Outperform
NAL Newalta Corp 0 1 3 0 0 0 3.2500 3.2000 Hold
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
LLG Mason Graphite Inc 2 2 0 0 0 0 4.5000 4.3333 Outperform
GRA NanoXplore Inc 1 3 0 0 0 0 4.2500 4.0000 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
QCOM Qualcomm Inc 3 0 5 0 0 0 3.7500 3.6667 Outperform
ADI Analog Devices Inc 6 0 2 0 0 0 4.5000 4.3333 Outperform
KLAC KLA-Tencor Corp 2 0 3 0 0 0 3.8000 3.6667 Outperform
MXIM Maxim Integrated Products Inc 1 0 4 1 0 0 3.1667 3.1429 Hold
AMD Advanced Micro Devices Inc 2 0 5 1 0 0 3.3750 3.1111 Hold
ZION Zions Bancorp 4 0 3 0 0 0 4.1429 4.0000 Outperform
GOLD Randgold Resources Ltd 1 0 2 0 0 0 3.6667 3.3333 Outperform
PRAH PRA Health Sciences Inc 1 0 1 0 0 0 4.0000 3.6667 Outperform
FHB First Hawaiian Inc 1 0 1 0 0 0 4.0000 3.6667 Outperform
WEN The Wendy’s Co 2 0 5 0 0 0 3.5714 3.2857 Outperform
CREE Cree Inc 1 0 3 0 0 0 3.5000 3.0000 Hold
AMKR Amkor Technology Inc 1 0 1 0 0 0 4.0000 3.0000 Outperform
MMSI Merit Medical Systems Inc 2 0 0 0 0 0 5.0000 4.0000 Buy
TWNK Hostess Brands Inc 3 1 0 0 1 0 4.0000 3.8000 Outperform
MATW Matthews International Corp 0 1 0 0 0 0 4.0000 3.0000 Outperform
SSYS Stratasys Ltd 1 1 2 0 0 0 3.7500 3.5000 Outperform

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.

TSM:NYS Taiwan Semiconductor

http://www.tsmc.com
Taiwan Semiconductor has 46968 employees and is headquartered in Taiwan, Province of China.
Taiwan Semiconductor Manufacturing Co Ltd engages in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices. In addition, it also manufactures masks.

BUD:NYS Anheuser-Busch InBev

http://www.ab-inbev.com
Anheuser-Busch InBev has 200000 employees and is headquartered in Belgium.
Anheuser-Busch InBev SA/NV is engaged in the production, marketing, and distribution of beer and other malt beverage brands. Its brands includes Budweiser, Corona, Stella Artois, Beck’s, Leffe, Hoegaarden, Castle Lager and others.

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