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Summary
- Manulife Financial’s average stock trading volume in the last 30 days is of 6.83 million units, placing it among the top volume stocks in the last 10 days on the TSX and the TSXV.
- Bombardier’s 10-day average trading volume is 5.88 million units
- Enbridge’s 10-day average trading volume is 17.96 million units. It pays a quarterly cash dividend of C$0.81 per share.
Active stocks or stocks with high trade volume are a good indicator to understand which way winds is blowing in the markets. These stocks trend irrespective of their fluctuating stock price. Sometimes, active stocks are also identified in terms of price gain. Last week on the Toronto Stock Exchange (TSX), Manulife Financial Corporation (TSX:MFC), Bombardier Inc. (TSX: BBD.B), and Enbridge Inc. (TSX:ENB) were among the most active stocks.
Let’s look at the performance and financials of these three stocks:
Manulife Financial Corporation (TSX:MFC)
Current Stock Price: C$20.80
Toronto-based Manulife Financial provides insurance and wealth management services. This financial stock was among top of volume actives across the TSX and the TSXV last week. Manulife Financial’s 10-day average trading volume is 10.33 million units.
Manulife Financial’s scrips show about 21 per cent decline year-to-date. After plunging amid the Covid-19 pandemic led March market crash, the stock has recovered over 29 per cent in the last six months. The stock has increased by over 4 per cent in the last three months.
Manulife Financial garnered an average share movement of 6.83 million units in the last 30 days. The financial stock also made it to TMX’s Top Financial Services stocks that have the largest gains in the last 30 days.
As per the TMX website, Manulife’s price-to-book (P/B) ratio is 0.829, and the price-to-cash flow (P/CF) ratio is 2.10. The stock delivers a positive return on equity (ROE) of 10.49 per cent. The company’s total debt-to-equity ratio is 0.30. Its price-to-earnings ratio is 7.90. The stock’s current earnings per share stand at C$2.64.
The insurance company holds a current dividend yield of 5.385 per cent. It pays a quarterly cash dividend of C$0.28 per share. The dividend growth for five-year is 10.15 per cent. Its current market capitalization stands at C$40.34 billion.
The company reported a net income of C$ 2.1 billion in the third quarter ended 30 September 2020, a C$ 1.3 billion surge from Q3 2019. Its core earnings were C$1.5 billion in the quarter, declined six per cent year-over-year (YoY). The company registered annualized premium equivalent (APE) sales of C$ 1.4 billion in the third quarter of 2020, a 2 per cent decrease compared to Q3 2019.
Bombardier Inc. (TSX: BBD.B)
Current Stock Price: C$0.28
Bombardier develops planes and trains and offers related services across North America, Europe, and Asia. The transportation producer makes most of its revenue from Europe.
Bombardier’s 10-day average trading volume is 5.88 million units, placing it among the top volume stocks in the last 10 days on the TSX and the TSXV. The stock has garnered an average share movement volume of 4.67 million units in the last 30 days.
This industrial stock’s price-to-cash flow (P/CF) ratio is 12.40. The stock delivers a positive return on equity (ROE) of 27.19 per cent. The stock has declined over 85 per cent year-to-date.
The company reported revenues of US$ 3.5 billion in the third quarter of 2020 that shows the gradual recovery of aviation operations. Aircraft revenues increased by 10 per cent year-over-year in Q3 2020, driven by a record eight Global 7500 aircraft deliveries.
Enbridge Inc. (TSX:ENB)
Current Stock Price: C$37.38
Enbridge Inc operates in the transportation and distribution of crude oil, natural gas, and renewable energy across North America.
Enbridge’s 10-day average trading volume is 17.96 million units, which places it among TMX’s top volume stocklist.
Enbridge scrips indicate about 27 per cent decrease year-to-date. The stock has increased by nearly 9.65 per cent since the pandemic-led meltdown on March 19.
The energy company has got an average share movement volume of 10.32 million units in the last 30 days.
The stock is also among TMX’s top dividend stocks that have the highest dividend yields across the TSX and TSXV. The company holds a current dividend yield of 8.668 per cent. It pays a quarterly cash dividend of C$0.81 per share. The dividend growth for five-year is 11.37 per cent. Its current market capitalization is C$75.70 billion.
As per the TMX portal, Enbridge’s price-to-book (P/B) ratio is 1.318, and the price-to-cash flow (P/CF) ratio is 7.90. The stock offers a positive return on equity (ROE) of 3.15 per cent. The company’s debt-to-equity ratio is 1.18. Its price-to-earnings ratio is 38.5.
Enbridge Inc posted GAAP earnings of C$990 million in the third quarter ended on September 30, 2020, an increase of almost four per cent year-over-year from C$949 million in the third quarter of 2019. The company’s cash from operating activities was C$2,302 million in Q3 2020, compared to C$2,735 million in Q3 2019.
Enbridge has set emissions cut targets of 35 per cent in energy intensity by 2030 and net-zero emission by 2050.
