Canadian National Railway Co (NYSE: CNI) is -11.55% lower on its value in year-to-date trading and has touched a low of $105.28 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 $111.69 in the last trading session, with the day’s loss setting it -0.57%.
Currently trading at $111.12, the stock is 0.79% and -1.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing -0.51% at the moment leaves the stock -7.53% off its SMA200. CNI registered -4.17% loss for a year compared to 6-month loss of -11.75%. The firm has a 50-day simple moving average (SMA 50) of $112.503 and a 200-day simple moving average (SMA200) of $120.2687.
The stock witnessed a 2.97% gain in the last 1 month and extending the period to 3 months gives it a -5.76%, and is -0.11% 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 1.77% over the week and 1.86% over the month.
Canadian National Railway Co (CNI) has around 24987 employees, a market worth around $69.87B and $12.61B in sales. Current P/E ratio is 17.84 and Fwd P/E is 18.80. Profit margin for the company is 31.65%. Distance from 52-week low is 5.55% and -17.09% from its 52-week high. The company has generated returns on investments over the last 12 months (14.07%).
with sales reaching $4.56B over the same period.The EPS is expected to grow by 1.61% this year, but quarterly earnings will post 2.53% year-over-year. Quarterly sales are estimated to grow 2.05% in year-over-year returns.
Canadian National Railway Co (CNI) Top Institutional Holders
1311.0 institutions hold shares in Canadian National Railway Co (CNI), with institutional investors hold 76.94% of the company’s shares. The shares outstanding are 628.80M, and float is at 608.71M with Short Float at 0.43%. Institutions hold 74.91% 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.
Canadian National Railway Co (CNI) Insider Activity
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