3 No-Brainer Stocks to Buy Under $30

Three TSX stocks under $30 are profitable options for price-conscious investors.

| More on:
edit Businessman using calculator next to laptop

Image source: Getty Images.

Stock prices are relative, although supply and demand often dictate the spikes and dips. Still, the price of a stock generally rises when more people want to buy it. However, some investors are more price-conscious than others and limit their purchases to certain price levels.

Assuming $30 or less is reasonable and not too expensive for you, Heroux-Devtek (TSX:HRX), Gibson Energy (TSX:GEI), and Primo Water (TSX:PRMW) are no-brainer TSX stocks to buy. Although they belong to different sectors, they all outperform and continue to beat the broader market.


Heroux-Devtek is among the steadiest in the industrial sector amid a challenging investment landscape. At $25.92 per share, current investors are up 70.53% year to date. Based on market analysts’ 12-month average price target of $30.25, the upside potential is 17%.

The $872.3 million company supplies landing gears in the aerospace market and provides aftermarket products and services. It also repairs and overhauls landing gears, actuation systems, and components. The customer base is in the commercial and defence sectors.

In fiscal 2024 (12 months ending March 31, 2024), consolidated sales rose 15.8% to a record $629.8 million versus fiscal 2023, while net income climbed 178% year over year to $38.3 million. Heroux-Devtek has a solid industry footprint because its programs cover the entire aircraft life cycle.

Growth is also on the horizon due to the return of commercial air traffic, global defence demand, and the expected launch of next-gen defence programs.


Prospective investors can earn money from Gibson Energy in two ways. At $22.46 per share, the mid-cap energy stock is up 15.58% and pays a lucrative 7.3% dividend. The $3.65 billion liquids infrastructure company operates a +500-kilometre crude pipeline and boasts 25.2 million barrels of storage capacity.

In the first quarter (Q1) of 2024, revenue increased 39% to $3.3 billion compared to Q1 2023, while net income fell 54% year over year to $40.5 million due to higher finance costs and unrealized gains on financial instruments. However, cash flow from operations rose 21% to $195.8 million from a year ago.

Gibson Energy strengthened its cash flows by acquiring the Texas Gulf Coast Export Facility last year (95% of revenue is under take-or-pay contracts). The company has a dividend program and hasn’t missed a quarterly dividend payout since Q1 2014.

Consumer defensive

Primo Water provides water solutions for residential and commercial customers. The $3.37 billion Canadian-American firm delivers bottled water, has over 13,000 water exchange stations, and self-service refill stations for drinking water. At $23.85 per share, investors in this consumer defensive stock enjoy a 44.91% year to date on top of the 1.71% dividend yield.

The latest buzz is that Primo Water will merge with Blue Triton to create a North American pure-play healthy hydration company. In addition to a national footprint and combined delivery platform, the partners expect $200 million in cost synergies.

In Q1 2024, revenue and net income increased 10% and 484% to US$452 million and US$18.7 million versus Q1 2024. However, by the first half of 2025, Primo will likely delist on the TSX post-merger, and the new company will list on the NYSE.

Profitable options

Heroux-Devtek, Gibson Energy, and Primo Water are profitable options if you prefer stocks in the $20-30 price range.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool recommends Gibson Energy. The Motley Fool has a disclosure policy.

More on Dividend Stocks

edit Safe pig, protect money
Dividend Stocks

3 Blue-Chip Stocks So Safe That Canadians Can Hold Them Until They Die

These blue-chip stocks can be good buy-and-forget investments to hold for decades in your self-directed investment portfolio.

Read more »

edit Person using calculator next to charts and graphs
Dividend Stocks

Invest $7,000 in This Dividend Stock for $1,810 in Passive Income

Investing in cheap TSX dividend stocks such as Enghouse can help you derive outsized gains over time.

Read more »

Redwood trees stretch up to the sunlight.
Dividend Stocks

Got $5,000? These Are 2 of the Best Growth Stocks to Buy Right Now

A $5,000 investment is enough to earn substantial profits from two high-growth stocks in 2024.

Read more »

Dial moving from 4G to 5G
Dividend Stocks

1 Stock to Steer Clear of

BCE stock (TSX:BCE) has been under immense pressure this year, and it doesn't look like it's going to improve any…

Read more »

growing plant shoots on stacked coins
Stocks for Beginners

Beginners: 4 TSX Stocks I’d Buy Right Away!

Beginner investors should explore these stocks, which offer nice dividend income and good long-term returns potential.

Read more »

Electricity pylons against a sunset
Dividend Stocks

Is Fortis (TSX:FTS) Stock a Buy in the New Bullish Market?

This Canadian Dividend Aristocrat might be the perfect choice if you’re looking to shore up your holdings to benefit from…

Read more »

edit Safety First illustration
Dividend Stocks

3 Defence Stocks to Consider for July

Here are the top three US stocks to consider if you want to invest in the defence sector and an…

Read more »

man touches brain to show a good idea
Dividend Stocks

How Much Do You Need to Invest to Get $1,500/Month From Dividend Stocks?

These three monthly-paying dividend stocks with high yields could boost your passive income.

Read more »