Canadian National Railway Co. (NYSE: CNI) is -7.71% lower on its value in year-to-date trading and has touched a low of $103.96 and a high of $134.02 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNI stock was last observed hovering at around $117.12 in the last trading session, with the day’s loss setting it -1.17%.
Currently trading at $115.95, the stock is -1.31% and 0.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -1.00% at the moment leaves the stock -5.80% off its SMA200. CNI registered 8.98% gain for a year compared to 6-month loss of -11.20%. The firm has a 50-day simple moving average (SMA 50) of $115.5148 and a 200-day simple moving average (SMA200) of $123.0655.
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The stock witnessed a -1.66% gain in the last 1 month and extending the period to 3 months gives it a -2.64%, and is 0.19% 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 1.30% over the week and 1.81% over the month.
Canadian National Railway Co. (CNI) has around 24987 employees, a market worth around $72.99B and $12.57B in sales. Current P/E ratio is 18.62 and Fwd P/E is 18.36. Profit margin for the company is 32.00%. Distance from 52-week low is 11.53% and -13.48% from its 52-week high. The company has generated returns on investments over the last 12 months (14.58%).
The EPS is expected to grow by 3.44% this year
1315.0 institutions hold shares in Canadian National Railway Co. (CNI), with institutional investors hold 79.35% of the company’s shares. The shares outstanding are 642.70M, and float is at 609.40M with Short Float at 0.53%. Institutions hold 78.01% of the Float.
The top institutional shareholder in the company is BILL & MELINDA GATES FOUNDATION TRUST with over 54.83 million shares valued at $6.48 billion. The investor’s holdings represent 8.5573 of the CNI Shares outstanding. As of 2024-06-30, the second largest holder is TCI FUND MANAGEMENT LTD with 39.49 million shares valued at $4.67 billion to account for 6.1633 of the shares outstanding. The other top investors are ROYAL BANK OF CANADA which holds 26.04 million shares representing 4.0646 and valued at over $3.08 billion, while VANGUARD GROUP INC holds 3.5009 of the shares totaling 22.43 million with a market value of $2.65 billion.
