Best Large Cap Stocks this February 2026 in Canada

Canadian National Railway (CNR.TO) stands out as a large-cap leader in the industrial sector, boasting a robust dividend yield of 2.62% and a solid reputation for consistent dividend growth. Despite a challenging year, reflected in a 1-year return of -10.99%, the company maintains strong performance metrics and has received favorable analyst ratings, including a "Buy" from Citigroup and an "Outperform" upgrade from CIBC.

Over the past 12 months, CNR has outperformed CP, with CNR showing a 6% drop compared to CP's 7% decline.

CNR is a decent option for dividend investors, especially if freight volumes increase and market conditions favor long-term growth.

Canadian Natural Resources (CNQ.TO) stands out as a high-yield energy giant, offering a robust dividend yield of 5.17%. This company not only excels in dividend growth but also maintains a commendable market position in Canada, evidenced by its impressive 5-year return of 246.87%. Analysts have a positive outlook, with firms like Goldman Sachs and RBC Capital maintaining their "Buy" and "Outperform" ratings, reflecting confidence in CNQ's long-term potential despite recent challenges in oil prices.

CNQ's long-term prospects are positive due to solid earnings, increased dividends, reduced debt, pipeline optionality, declining political risk, and potential access to U.S. markets as shale growth slows.

CNQ has initiated share buybacks, totaling CAD$1.3 billion in the first three quarters of 2025, which is less than CAD$2 billion on an annualized basis.

Analysts set a price target for CNQ at CAD$52.14, with estimates ranging from CAD$47.00 to CAD$61.00.

Toronto-Dominion Bank (TD) stands out as a top-tier banking institution, recently boosting its dividend yield to 3.22% with a low payout ratio, ensuring safety for investors. Its impressive one-year return of 57.84% and a five-year return of 78.73% reflect its strong performance in the financial sector, backed by analyst upgrades from RBC Capital. Ideal for those seeking reliable income from financially healthy companies, TD is projected to potentially reach $150-$200 per share in the coming years, despite concerns about rapid stock price increases.

TD is projected to potentially reach between $150 and $200 per share in five years, supported by its strong financial position and solid dividend yield.

The average 12-month price target for TD is C$128.58, with a high of C$135.00 and a low of C$118.00, indicating a potential downside of -2.13% from the current price of C$131.38.

Toromont Industries (TIH.TO) stands out as a leading Canadian dividend growth stock, boasting an impressive 36 consecutive years of dividend increases. With a yield of 1.28% and a remarkable one-year return of nearly 50%, it appeals to investors seeking reliable income from financially healthy companies. Analysts generally favor the stock, granting it a consensus rating of "Buy" based on insights from nine analysts, with a 12-month price target average of C$172.88.

The consensus rating for Toromont Industries (TIH) is 'Buy', with 5 analysts recommending a buy, 4 suggesting hold, and none advising sell.

The average twelve-month price target for Toromont Industries is C$172.88, with a forecasted downside of -3.58% from the current price of C$179.29.

Toromont Industries pays an annual dividend of C$2.04 per share, resulting in a dividend yield of 1.13%.

Alimentation Couche-Tard (ATD.TO) stands out as a strong performer in business services, boasting a 1.09% dividend yield and impressive five-year returns of 87.82%. The stock is currently rated A- by analysts, who view it as a Moderate Buy with an average price target of C$86.75, indicating potential for growth despite a slight decline of 2.66% over the past year. With its favorable Price-To-Earnings ratio of 20x, ATD is also considered a good value relative to the North American Consumer Retailing industry average.

Alimentation Couche-Tard Inc (ATD) has a Moderate Buy consensus from analysts, with a price target average of C$85.14, indicating potential for growth.

The average twelve-month price target for ATD is C$86.75, with a forecasted upside of 12.85% from its current price of C$76.87.

ATD is considered a good value stock, with a Price-To-Earnings Ratio of 20x, which is lower than the industry average of 21.8x.

Analysts expect ATD's revenue to grow from $55 billion in fiscal 2025 to $66 billion by 2029, with adjusted earnings increasing from $8.20 to $11 per share.

National Bank of Canada (NA.TO) stands out as a solid investment choice, particularly for those seeking dividend-growth stocks from financially healthy companies. With a dividend yield of approximately 2.71% and a remarkable 1-year return of 24.50%, this stock has a track record of consistent payouts, boasting 16 years of dividend increases. Analysts from TD Securities maintain a "Hold" rating, reflecting confidence in its stable performance and growth trajectory.

Yes, National Bank of Canada (NA.TO) had a stock split on February 14, 2014, where each share was split into two.

For 2025, National Bank of Canada has raised its quarterly dividend to $1.24 per share, an increase of 6 cents.