Air Canada (TSX:AC) & Canadian National Railway: 2 Volume Active Industrial Stocks

December 23, 2020 04:50 AM EST | By Kunal Sawhney
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  • Air Canada scrips are up 31 per cent in the last six months. Its 10-day average volume stands at 7.5 million units.
  • The CN Rail stock has surged nearly 20 per cent in the last six months. It offers a positive return on equity of 17.37 per cent.
  • CNR pays a quarterly dividend of C$ 0.575 per unit. Its 10-day stock trading volume is 1.68 million units.

Transportation companies have been struggling to cope up with the pandemic-related restriction. With the recent COVID-19 resurge, people have further curtailed their travel plans. With most of its fleet grounded, Air Canada (TSX: AC) recently announced its plans to expand its cargo segment.

Canadian National Railway Company (TSX: CNR), another transport firm, announced that the company entered a collaboration with Alabama Export Railroad and Ray-Mont Logistics to launch the first phase of a logistics park in Mobile, US’ Alabama. This logistic terminal will comprise two bagging lines with a yearly volume of 25,000 twenty-foot units. This high-tech park is expected to be operational in late 2021.


Air Canada (TSX: AC)

Current Stock Price: C$ 22.50


Stocks of Canada’s largest airline have gained nearly 31 per cent in the last six months and over 36 per cent in the last three months. The mid-cap company is ranked on TMX’s top industrial stocks that have outperformed its peers with the largest gains in the last 30 days. The stock is trading with a 10-day average volume of 7.5 million units. Consequently, Air Canada units made it to TMX’s top volume actives. Its 30-day average stock trading volume has rushed to 7.33 million units.

Its present market capitalization stands at nearly C$ 6.67 billion.

As per TMX data, the aircraft stock’s profit-to-book (P/B) ratio is 3.886, and its price-to-cashflow (P/CF) ratio is 22.80. The stock has a current debt-to-equity (D/E) ratio of 7.67.

The Canadian air transportation giant revenue plunged 86 per cent year-over-year to C$ 4.773 billion in the third quarter of 2020, due to the pandemic related restrictions.

Canadian National Railway Company (TSX: CNR)

Current Stock Price: C$ 140.30


The rail stock has improved by nearly 20 per cent in the last six months. The industrial stock has added over 19 per cent growth year-to-date (YTD). Its current market cap is approximately C$ 99.83 billion. The stock has a 10-day average trading volume of 1.68 million units.

The railway stock’s P/B ratio is 5.16, and the P/CF ratio is 17.80. The stock offers a positive return on equity (ROE) of 17.37 per cent and a positive return on assets (ROA) of 7.35 per cent. Its D/E ratio is 0.73 and the price-to-earnings (P/E) ratio is 29.50, as per the TMX portal.

The large-cap company has distributed a quarterly cash dividend of C$ 0.575 per stock this year. It has a present dividend yield of 1.639 per cent.

In the third quarter ended on September 30, the company reported revenues of C$ 3,409 million, a decline of 11 per cent YoY.


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