The analysis provided in this article has found a substantial upside potential in TransCanada Corp’s (NYSE:TRP) shares in the near future. The company’s stock can be considered a good opportunity for investors seeking stable dividend income. The growth rate of dividend per share has been increasing for 17 th consecutive quarters. Our DCF analysis shows that the stock is undervalued in the base scenario, which is built on quite an optimistic rate of revenue growth in the forecast period. The aggressive scenario sets an upside opportunity of up to 40% from the current market price of the stock.
We start by analyzing TransCanada Corp’ segments and financial results. The increase in revenue is mostly explained by improved market conditions (driven by the OPEC’s agreement). You can see that the top line has achieved a level of $2.5B in the last quarter, up 40% year-over-year:
Best Undervalued Stocks To Own Right Now: Simulations Plus, Inc.(SLP)
- [By Lisa Levin]
In trading on Friday, healthcare shares fell by 0.88 percent. Meanwhile, top losers in the sector included Simulations Plus, Inc. (NASDAQ: SLP), down 7 percent, and ZIOPHARM Oncology Inc. (NASDAQ: ZIOP), down 7 percent.
Best Undervalued Stocks To Own Right Now: Tucows Inc.(TCX)
- [By Anders Bylund]
Shares of Tucows (NASDAQ:TCX) rose 12.1% in March 2017, according to data from S&P Global Market Intelligence.
The provider of online business services and a budding bundle of mobile and fiber-optic communications products started March with a bang, announcing a brand-new $40 million share buyback program. For a company with a $476 million market cap at the time, that’s a pretty serious and shareholder-friendly commitment.
- [By Lisa Levin]
Tucows Inc. (USA) (NASDAQ: TCX) shares shot up 17 percent to $42.45 after the company announced plans to acquire eNom from Rightside for $83.5 million.
Best Undervalued Stocks To Own Right Now: InnerWorkings, Inc.(INWK)
- [By Tom Gentile]
Now as you can see – and as I mentioned earlier – there’s one that outperforms the others: InnerWorkings Inc. (Nasdaq: INWK):
INWK is a top marketing firm that services a wide range of Fortune 500 media companies as well as retail, financial, hospitality, automotive, healthcare, and others. It met earnings expectations for the first quarter and fell just short of revenue expectations. Despite that, it’s been steadily climbing: