Promising Canadian Stocks To Add to Your Watchlist – August 16th

CSX, Celsius, Ovintiv, Raymond James Financial, Canadian Pacific Kansas City, Cenovus Energy, and Canadian National Railway are the seven Canadian stocks to watch today, according to MarketBeat’s stock screener tool. Canadian stocks are shares of equity in Canadian-incorporated companies that trade on domestic exchanges such as the Toronto Stock Exchange (TSX) or TSX Venture Exchange. They provide investors with ownership stakes in firms across Canada’s key sectors—natural resources, financial services, technology, and more—and their performance is influenced by Canadian economic conditions, regulatory policies, and currency fluctuations. These companies had the highest dollar trading volume of any Canadian stocks within the last several days.

CSX (CSX)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.

CSX stock traded down $0.03 during midday trading on Friday, hitting $36.32. 17,898,133 shares of the company’s stock were exchanged, compared to its average volume of 21,141,444. CSX has a 12-month low of $26.22 and a 12-month high of $37.10. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a market cap of $67.71 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.71 and a beta of 1.25. The firm’s 50 day simple moving average is $33.98 and its 200 day simple moving average is $31.57.

Celsius (CELH)

Celsius Holdings, Inc. develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.

Celsius stock traded up $0.63 during midday trading on Friday, hitting $57.30. 5,474,968 shares of the company’s stock were exchanged, compared to its average volume of 7,221,051. Celsius has a 12-month low of $21.10 and a 12-month high of $57.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The stock has a market cap of $14.78 billion, a price-to-earnings ratio of 154.86, a price-to-earnings-growth ratio of 1.29 and a beta of 1.40. The firm’s 50 day simple moving average is $46.13 and its 200 day simple moving average is $37.11.

Ovintiv (OVV)

Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.

Ovintiv stock traded down $0.41 during midday trading on Friday, hitting $39.43. 4,341,336 shares of the company’s stock were exchanged, compared to its average volume of 3,445,697. Ovintiv has a 12-month low of $29.80 and a 12-month high of $47.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 4.82 and a beta of 1.10. The firm’s 50 day simple moving average is $40.14 and its 200 day simple moving average is $39.17.

Raymond James Financial (RJF)

Raymond James Financial, Inc., a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.

Shares of NYSE:RJF traded down $1.37 during midday trading on Friday, hitting $163.30. The stock had a trading volume of 956,163 shares, compared to its average volume of 1,084,767. The company has a market capitalization of $32.56 billion, a PE ratio of 16.01, a P/E/G ratio of 1.35 and a beta of 1.05. The stock has a 50 day moving average price of $158.22 and a two-hundred day moving average price of $150.23. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.33. Raymond James Financial has a 1 year low of $113.91 and a 1 year high of $174.32.

Canadian Pacific Kansas City (CP)

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.

Shares of NYSE:CP traded up $0.24 during midday trading on Friday, hitting $74.12. The stock had a trading volume of 1,649,125 shares, compared to its average volume of 3,530,983. The company has a market capitalization of $67.72 billion, a PE ratio of 23.09, a P/E/G ratio of 2.07 and a beta of 1.06. The stock has a 50 day moving average price of $78.45 and a two-hundred day moving average price of $76.75. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City has a 1 year low of $66.49 and a 1 year high of $87.72.

Cenovus Energy (CVE)

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.

Shares of NYSE:CVE traded down $0.09 during midday trading on Friday, hitting $15.04. The stock had a trading volume of 7,425,989 shares, compared to its average volume of 13,300,274. The company has a market capitalization of $27.05 billion, a PE ratio of 14.89 and a beta of 0.97. The stock has a 50 day moving average price of $14.45 and a two-hundred day moving average price of $13.70. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.24. Cenovus Energy has a 1 year low of $10.23 and a 1 year high of $20.03.

Canadian National Railway (CNI)

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.

Shares of NYSE:CNI traded up $0.57 during midday trading on Friday, hitting $93.33. The stock had a trading volume of 1,103,725 shares, compared to its average volume of 2,040,034. The company has a market capitalization of $58.26 billion, a PE ratio of 17.95, a P/E/G ratio of 2.06 and a beta of 0.94. The stock has a 50 day moving average price of $100.12 and a two-hundred day moving average price of $100.54. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $121.12.