Canadian National Railway Co (NYSE: CNI) is -3.71% 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 $97.66 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $97.74, the stock is -1.34% and -3.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing 0.08% at the moment leaves the stock -11.72% off its SMA200. CNI registered -24.86% loss for a year compared to 6-month loss of -17.89%. The firm has a 50-day simple moving average (SMA 50) of $101.4046 and a 200-day simple moving average (SMA200) of $110.7119.
The stock witnessed a -4.53% gain in the last 1 month and extending the period to 3 months gives it a -4.89%, and is 1.90% 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 1.64% over the week and 2.36% over the month.
Canadian National Railway Co (CNI) has around 24671 employees, a market worth around $61.31B and $12.44B in sales. Current P/E ratio is 19.10 and Fwd P/E is 15.70. Profit margin for the company is 26.09%. Distance from 52-week low is 4.38% and -27.07% from its 52-week high. The company has generated returns on investments over the last 12 months (11.36%).
with sales reaching $4.38B over the same period.The EPS is expected to grow by 12.19% this year, but quarterly earnings will post 5.21% year-over-year. Quarterly sales are estimated to grow 3.16% in year-over-year returns.
1307.0 institutions hold shares in Canadian National Railway Co (CNI), with institutional investors hold 76.94% of the company’s shares. The shares outstanding are 627.90M, and float is at 606.94M with Short Float at 0.53%. 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 8.6341 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.
