Canadian National Railway Co (NYSE: CNI) is -5.51% lower on its value in year-to-date trading and has touched a low of $93.64 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 $96.88 in the last trading session, with the day’s loss setting it -0.96%.
Currently trading at $95.92, the stock is -4.35% and -5.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing -0.99% at the moment leaves the stock -13.89% off its SMA200. CNI registered -25.51% loss for a year compared to 6-month loss of -17.15%. The firm has a 50-day simple moving average (SMA 50) of $101.8338 and a 200-day simple moving average (SMA200) of $111.39555.
The stock witnessed a -6.80% gain in the last 1 month and extending the period to 3 months gives it a -9.83%, and is -5.91% 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 3.22% over the week and 2.38% over the month.
Canadian National Railway Co (CNI) has around 24671 employees, a market worth around $60.17B and $12.44B in sales. Current P/E ratio is 18.74 and Fwd P/E is 15.45. Profit margin for the company is 26.09%. Distance from 52-week low is 2.43% and -28.43% from its 52-week high. The company has generated returns on investments over the last 12 months (11.36%).
The EPS is expected to grow by 12.67% this year
1306.0 institutions hold shares in Canadian National Railway Co (CNI), with institutional investors hold 76.90% of the company’s shares. The shares outstanding are 627.90M, and float is at 606.94M with Short Float at 0.26%. 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 8.6341 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 6.2186 of the shares outstanding. The other top investors are ROYAL BANK OF CANADA which holds 26.04 million shares representing 4.1011 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.
