Canadian National Railway Co (NYSE: CNI) is -3.14% lower on its value in year-to-date trading and has touched a low of $91.65 and a high of $132.27 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 $92.66 in the last trading session, with the day’s gains setting it 5.66%.
Currently trading at $98.32, the stock is 0.70% and -1.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing 6.11% at the moment leaves the stock -9.77% off its SMA200. CNI registered -24.66% loss for a year compared to 6-month loss of -13.05%. The firm has a 50-day simple moving average (SMA 50) of $99.8976 and a 200-day simple moving average (SMA200) of $108.97005.
The stock witnessed a 3.00% gain in the last 1 month and extending the period to 3 months gives it a -5.77%, and is -1.92% 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 5.13% over the week and 2.85% over the month.
Canadian National Railway Co (CNI) has around 24671 employees, a market worth around $61.68B and $12.44B in sales. Current P/E ratio is 19.21 and Fwd P/E is 15.92. Profit margin for the company is 26.09%. Distance from 52-week low is 7.28% and -25.67% from its 52-week high. The company has generated returns on investments over the last 12 months (11.36%).
with sales reaching $4.37B over the same period.The EPS is expected to grow by 10.23% this year, but quarterly earnings will post 5.01% year-over-year. Quarterly sales are estimated to grow 2.78% in year-over-year returns.
1300.0 institutions hold shares in Canadian National Railway Co (CNI), with institutional investors hold 76.73% of the company’s shares. The shares outstanding are 627.90M, and float is at 606.94M with Short Float at 0.50%. Institutions hold 74.71% 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.
