Canadian National Railway Co. (CNI) – Don’t Be So Quick to Call it Dead

Canadian National Railway Co. (NYSE: CNI) is 2.04% higher on its value in year-to-date trading and has touched a low of $103.96 and a high of $129.66 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 $129.13 in the last trading session, with the day’s loss setting it -0.94%.

Currently trading at $128.19, the stock is 2.33% and 4.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing -0.73% at the moment leaves the stock 10.10% off its SMA200. CNI registered 8.53% gain for a year compared to 6-month gain of 8.76%. The firm has a 50-day simple moving average (SMA 50) of $5.70 and a 200-day simple moving average (SMA200) of $10.62.

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The stock witnessed a 3.64% loss in the last 1 month and extending the period to 3 months gives it a 16.55%, and is 1.00% 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 1.27% over the week and 1.67% over the month.

Canadian National Railway Co. (CNI) has around 24987 employees, a market worth around $82.40B and $12.46B in sales. Current P/E ratio is 20.25 and Fwd P/E is 19.10. Profit margin for the company is 33.38%. Distance from 52-week low is 23.31% and -1.13% from its 52-week high. The company has generated returns on investments over the last 12 months (15.01%).

Canadian National Railway Co. quarterly earnings per share for the current quarter are estimated at $1.29 with sales reaching $3.16B over the same period.The EPS is expected to grow by 9.86% this year, but quarterly earnings will post 5.50% year-over-year. Quarterly sales are estimated to shrink -2.40% in year-over-year returns.

1,248 institutions hold shares in Canadian National Railway Co. (CNI), with institutional investors hold 80.87% of the company’s shares. The shares outstanding are 642.70M, and float is at 622.90M with Short Float at 0.88%. Institutions hold 79.29% of the Float.

The top institutional shareholder in the company is Bill & Melinda Gates Foundation Trust with over 54.83 million shares valued at $6.64 billion. The investor’s holdings represent 8.42% of the CNI Shares outstanding. As of Jun 29, 2023, the second largest holder is TCI Fund Management Ltd with 40.89 million shares valued at $4.95 billion to account for 6.28% of the shares outstanding. The other top investors are Royal Bank of Canada which holds 30.34 million shares representing 4.66% and valued at over $3.67 billion, while Vanguard Group Inc holds 3.39% of the shares totaling 22.06 million with a market value of $2.67 billion.

Canadian National Railway Co. (CNI): Who are the competitors?

One of the company’s main competitors (and peers) include Norfolk Southern Corp. (NSC) that is trading 4.72% up over the past 12 months.Canadian Pacific Kansas City Ltd. (CP) lies in the list of competitors of the Canadian National Railway Co. and is 7.28% higher over the same period from CNICSX Corp. (CSX) is 17.42% up on the 1-year trading charts.