What should you know before buying stock in Canadian National Railway Co (CNI)

Canadian National Railway Co (NYSE: CNI) is -13.32% lower on its value in year-to-date trading and has touched a low of $107.54 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 $110.05 in the last trading session, with the day’s loss setting it -1.15%.

Currently trading at $108.90, the stock is -1.57% and -4.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing -1.04% at the moment leaves the stock -10.06% off its SMA200. CNI registered -4.64% loss for a year compared to 6-month loss of -14.48%. The firm has a 50-day simple moving average (SMA 50) of $114.031 and a 200-day simple moving average (SMA200) of $121.08415.

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The stock witnessed a -4.84% gain in the last 1 month and extending the period to 3 months gives it a -4.25%, and is -1.71% down 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 1.61% over the week and 1.74% over the month.

Canadian National Railway Co (CNI) has around 24987 employees, a market worth around $95.42B and $12.61B in sales. Current P/E ratio is 17.48 and Fwd P/E is 18.26. Profit margin for the company is 31.65%. Distance from 52-week low is 1.26% and -18.74% from its 52-week high. The company has generated returns on investments over the last 12 months (14.07%).

The EPS is expected to grow by 2.67% this year.

Canadian National Railway Co (CNI) Top Institutional Holders

1312.0 institutions hold shares in Canadian National Railway Co (CNI), with institutional investors hold 76.90% of the company’s shares. The shares outstanding are 642.70M, and float is at 608.71M with Short Float at 0.43%. Institutions hold 74.87% 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.