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Top Canadian Blue-Chip Stocks You Need to Watch Out for in 2021

blue-chip stocks

In every industry, there is a company that leads the pack, and everyone knows about these high-flying entities. No one argues about the future of such a corporation because there’s no doubt that it will stand the test of time.

That’s what blue-chip stocks are! Stocks from companies that lead the rest in their industries, so as an investor, you know you will make consistent returns by investing in them.

Here you can check out this list of top Canadian blue-chip stocks you need to watch out for in 2021.

Enbridge stock

It’s one of the best blue-chip stocks in Canada; hence feel free to include it in your 2021 portfolio. Performance by COB 5th May 2021

Previous closeOpenBidAskDay’s range52-week rangeVolumeAvg. volume
47.6047.8047.9547.9747.65-48.0035.80-48.007,560, 6898,596,263
Market capBeta (5Y monthly)PE ratio (TTM)EPS (TTM)Earning’s dateForward dividend & yieldEx-dividend date1yr target est.
97.186B0.9332.481.48May 6, 20213.34 (6.96%)Feb 10,202151.58

A summary of Enbridge Inc.

It’s a multinational energy infrastructure company in Canada, with assets in crude oil, gas, renewable energy, and power. The corporation takes pride in generating, transporting, and distributing energy across North America.

As long as an energy company has its pipeline business, expect to profit from it despite the volatility in oil and gas markets. That’s what sets Enbridge apart from its peers. Remember, blue-chip stocks should give you returns no matter how the economy performs.

EPS TrendMarch 2021June 2021Year 2021Year 2022
Current estimate0.710.62.63
7 days ago0.70.592.63
30 days ago  0.710.592.633.02
60 days ago0.710.62.643.01
90 days ago0.730.612.643.03

TD Bank (Toronto-Dominion Bank)

TD bank is another egg you need to add to your stock portfolio. Check out how it performed on 5th May 2021 (COB)

Previous closeOpenBidAskDay’s range52-week rangeVolumeAvg. volume
84.1584.1284.2584.2683.40-84.4453.19-85.514,976,5336,359,273
Market capBeta (5Y monthly)PE ratio (TTM)EPS (TTM)Earning’s dateForward dividend & yieldEx-dividend date1yr target est.
153.297B0.8712.796.59May,26,20213.16 (3.75%)April, 7,202182.63

A summary of TD Bank

Many investors will remember the multinational financial institution for increasing its dividend every year for the last five years. That’s over a 9% annual increase. Right now, its dividend payout stands at 58% and that’s how it has made the list of top Canadian blue-chip stocks you need to watch out for in 2021.

TD Bank is a leading authority in Canadian retail banking, US retail banking, and wholesale banking verticals. Further, they enhanced these three services through internet and mobile banking, wealth management services for the US consumer, capital markets, and corporate products for large institutions.

EPS TrendApril 2021July 2021Year 2021Year 2022
Current estimate1.591.676.717.04
7 days ago1.591.676.717.04
30 days ago  1.591.676.717.04
60 days ago1.581.656.677.04
90 days ago1.411.55.846.5

Royal bank

Remember that one key characteristic of blue-chip stocks is their ability to dominate their niche in one way or another. Now, Royal Bank of Canada is the largest bank in the country by market capitalization.

Previous closeOpenBidAskDay’s range52-week rangeVolumeAvg. volume
118.09117.70117.80117.82117.36-118.2880.72-118.913,980,6514,695,036
Market capBeta (5Y monthly)PE ratio (TTM)EPS (TTM)Earning’s dateForward dividend & yieldEx-dividend date1yr target est.
168.018B0.7914.608.08May 24,2021-May 30,20214.32 (3.66%)April 20, 2021121.93

 A summary of Royal Bank of Canada

The company provides a variety of services, from home equity financing to health insurance to over 16 million clients. Most corporates took a hit last year due to COVID-19, but the ability to bounce bank is what puts Royal Bank in our blue-chip basket.

EPS TrendApril 2021July 2021Year 2021Year 2022
Current estimate2.352.429.8510.19
7 days ago2.352.429.8510.19
30 days ago  2.352.429.8610.2
60 days ago2.352.419.8310.18
90 days ago2.132.238.759.49

Canadian National Railway

Canada’s largest railway company has performed well across bull and bear markets, and you definitely need to check it out.

Previous closeOpenBidAskDay’s range52-week rangeVolumeAvg. volume
134.06135.12133.72133.76133.32-135.12108.78-149.441837,3701,371,481
Market capBeta (5Y monthly)PE ratio (TTM)EPS (TTM)Earning’s dateForward dividend & yieldEx-dividend date1yr target est.
94.66B0.6327.014.95July 20,20212.46 (1.83%)June 7,2021119.89

A summary of Canadian Railway National

The company’s asset portfolio ranges from companies across petroleum and metal to fertilizers and forest products. It serves both Canada and the United States (19,500 miles of track that connect all the NAFTA nations).

In quarter one of 2021, the carrier reported a profit margin of 27%, and we can see that a dividend rise in on the cards.

TC energy

The last top Canadian blue-stocks company we will watch this year is TC energy (previously known as TransCanada Corporation). Similar to Enbridge even TC Energy generates solid cash flows across economic cycles allowing it to increase dividends at a consistent rate over time.

A summary of TC energy

EPS TrendMarch 2021June 2021Year 2021Year 2022
Current estimate1.10.974.114.39
7 days ago1.110.974.114.38
30 days ago  1.080.984.114.37
60 days ago1.090.984.114.36
90 days ago1.110.984.154.39

The Bullish takeaway

The stock market is a high-risk venture, but you need to make a tidy profit at the end of the year if you know where to look. That’s why at Learning Bull, we decided to compile a list of top Canadian blue-chip stocks you need to watch in 2021.


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