6 Canadian Industrial Stocks with Strong EPS Growth Potential: Investment Idea of the Day

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Today we have shortlisted six industrial stocks of Canada that have recorded decent financial leverage ratios (Avg total assets to Avg total common equity) of greater than one during their latest reported quarter. Moreover these stocks are expected to report strong growth in EPS during their current quarter. During past one month, majority of the stocks have registered price gains with daily average trading volumes in excess of 100,000.

Company Name

Ticker

Exchange

Market Cap
(C$MN)

Last Price

Average Volume
(1 Month)

Price Change (1-Month)

Financial Leverage Ratio (Latest Qtr)

EPS Growth Current Qtr (E)

Ritchie Bros Auctioneers Inc

RBA

TSX

3,500.9

32.51

299,000

6.1%

1.8

134.4%

Avigilon Corp

AVO

TSX

1,003.8

21.55

333,049

20.9%

1.1

44.0%

Exco Technologies Ltd

XTC

TSX

624.6

14.82

137,926

28.2%

1.4

25.0%

CAE Inc

CAE

TSX

4,326.0

16.24

945,408

7.8%

2.9

18.8%

Progressive Waste Solutions Ltd

BIN

TSX

4,201.8

36.48

341,606

4.2%

2.6

17.2%

Wajax Corp

WJX

TSX

434.1

25.87

158,659

-12.4%

2.9

12.2%

Source: Bloomberg

Company Description

Ritchie Bros Auctioneers Inc (TSX: RBA)
Ritchie Bros. Auctioneers Incorporated auctions industrial equipment, operating through various locations around the world. The company sells, through unreserved public auctions, used and unused industrial equipment, including equipment used in the construction, transportation, mining, forestry, petroleum, and agricultural industries.

Avigilon Corp (TSX: AVO)
Avigilon Corporation manufactures surveillance equipment. The company produces high definition, network-based video surveillance systems and equipment for video capture, transmission, recording, and playback.

Exco Technologies Ltd (TSX: XTC)
Exco Technologies Limited produces precision-engineered tooling primarily for automotive and industrial markets. The company also supplies automotive restraint and convenience netting products. In addition, Exco manufactures advanced powdered metal cylinder liners utilizing its cold isostatic compaction technology.

CAE Inc (TSX: CAE)
CAE, Inc. provides simulation and modeling technologies and integrated training services for civil aviation and defense customers worldwide.

Progressive Waste Solutions Ltd (TSX: BIN)
Progressive Waste Solutions Ltd. provides non-hazardous solid waste collection and landfill disposal services for commercial, industrial and residential customers in British Columbia, Alberta, Manitoba, Ontario and Quebec. The company also serves customers in the southern and northeastern regions of the United States.

Wajax Corp (TSX: WJX)
Wajax Corp sells, rents, and services new and used equipment for construction, mining, forestry, energy and material handling. The company is a multiline distributor for Hitachi, JCB, Bell, Hyster, Palfinger and others. The company also sells and services power systems and industrial components.

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