Top Canadian Stocks to Watch on March 20th

Today, five Canadian stocks are attracting attention, based on insights from MarketBeat's stock screener tool. These stocks, including CSX, Raymond James, Celsius, Canadian Pacific Kansas City, and Canadian Natural Resources, have seen high dollar trading volumes in recent days. Canadian stocks are equity securities representing ownership in companies based in Canada, traded mainly on exchanges like the Toronto Stock Exchange (TSX). Investors often include these stocks in their portfolios to take advantage of Canada’s economic opportunities.

CSX (CSX)

CSX Corporation operates in freight transportation, providing essential rail-based services. The company specializes in transporting a variety of goods, including intermodal containers and trailers, agricultural products, chemicals, and more. CSX serves various sectors, including energy and industrial plants.

On Thursday, CSX shares rose $0.05 to reach $30.12, with a trading volume of 3,808,390 shares compared to an average of 11,646,559. The stock has shown a 12-month low of $28.98 and a high of $38.03, alongside a market cap of $57.06 billion, a PE ratio of 16.82, and a beta of 1.25. Its moving averages indicated a 50-day average of $32.12 and a 200-day average of $33.41.

Raymond James (RJF)

Raymond James Financial, Inc. is a leading financial services firm involved in underwriting, trading, and brokerage of both equity and debt securities. The company operates internationally through segments focused on private clients, capital markets, and asset management.

The shares of Raymond James traded down $3.57 to $142.85 on Thursday, with 578,903 shares exchanged, lower than the average of 1,152,271. With a market capitalization of $29.27 billion, it has a PE ratio of 13.93 and a beta of 1.04. The stock’s performance shows a 12-month range from $104.24 to $174.32.

Celsius (CELH)

Celsius Holdings, Inc. specializes in developing and distributing functional energy drinks and supplements across multiple regions including the Americas and Europe. Its product lineup includes fitness drinks designed to enhance metabolism and promote fat burning.

Celsius shares decreased by $0.49 on Thursday, landing at $31.41, with a trading volume of 2,286,131 shares. The company holds a market cap of $7.39 billion and a high PE ratio of 71.34. The stock has fluctuated between $21.10 and $98.85 over the last year, with current moving averages at $25.94 for 50 days and $28.79 for 200 days.

Canadian Pacific Kansas City (CP)

Canadian Pacific Kansas City Limited operates a transcontinental freight railway that spans Canada, the U.S., and Mexico. The company transports a variety of goods, including grain, coal, and consumer products, along with intermodal traffic.

On Thursday, shares of CP traded slightly lower by $0.01 to reach $74.25. The trading volume was 907,642 shares, less than the average volume of 2,363,227. The firm has a market capitalization of $69.32 billion and operates with a PE ratio of 25.59. Over the past year, the stock has ranged from $70.89 to $90.64.

Canadian Natural Resources (CNQ)

Canadian Natural Resources Limited is involved in the exploration, development, and production of crude oil and natural gas. The company serves various market segments, providing light and heavy crude oil, as well as natural gas liquids.

CNQ’s shares experienced a slight increase of $0.03, reaching $30.75 on Thursday, with a trading volume of 2,027,900. The market cap stands at $64.60 billion, along with a PE ratio of 11.93. The one-year price range has been between $25.62 to $41.29.

Conclusion

The Canadian stock market continues to offer diverse investment opportunities, with these companies standing out based on recent trading activity. Investors should keep an eye on these stocks for potential portfolio diversification and growth.

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