Canadian National Railway Company (NYSE: CNI) is 2.86% higher on its value in year-to-date trading and has touched a low of $103.79 and a high of $137.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNI stock was last observed hovering at around $125.36 in the last trading session, with the day’s gains setting it 1.01% off its average median price target of $169.52 for the next 12 months. It is also 34.38% off the consensus price target high of $192.57 offered by 32 analysts, but current levels are 12.85% higher than the price target low of $145.00 for the same period.
Currently trading at $126.37, the stock is 4.73% and 9.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 0.81% at the moment leaves the stock 5.85% off its SMA200. CNI registered -3.22% loss for a year compared to 6-month gain of 14.79%.
The stock witnessed a 9.41% loss in the last 1 month and extending the period to 3 months gives it a 0.13%, and is 2.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.49% over the week and 2.26% over the month.
Canadian National Railway Company (CNI) has around 17239 employees, a market worth around $85.31B and $12.25B in sales. Current P/E ratio is 23.89 and Fwd P/E is 15.65. Profit margin for the company is 30.00%. Distance from 52-week low is 21.76% and -7.89% from its 52-week high. The company has generated returns on investments over the last 12 months (14.40%).
Canadian National Railway Company (CNI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Canadian National Railway Company (CNI) is a “Overweight”. 32 analysts offering their recommendations for the stock have an average rating of 2.50, where 20 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Canadian National Railway Company is expected to release its quarterly report on 01/24/2023.The EPS is expected to grow by 43.50% this year
Canadian National Railway Company (CNI) Top Institutional Holders
The shares outstanding are 682.30M, and float is at 663.63M with Short Float at 0.80%.
Canadian National Railway Company (CNI): Who are the competitors?
The company’s main competitors (and peers) include Norfolk Southern Corporation (NSC) that is trading -10.23% down over the past 12 months and Canadian Pacific Railway Limited (CP) that is 7.34% higher over the same period. CSX Corporation (CSX) is -12.09% down on the 1-year trading charts.