Canadian National Railway Co (NYSE: CNI) is -2.93% lower on its value in year-to-date trading and has touched a low of $91.65 and a high of $130.63 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 $98.46 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $98.54, the stock is 0.63% and -0.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 0.08% at the moment leaves the stock -9.16% off its SMA200. CNI registered -23.49% loss for a year compared to 6-month loss of -14.70%. The firm has a 50-day simple moving average (SMA 50) of $99.4394 and a 200-day simple moving average (SMA200) of $108.4811.
The stock witnessed a 1.04% gain in the last 1 month and extending the period to 3 months gives it a -2.14%, and is 0.22% 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 3.17% over the week and 3.06% over the month.
Canadian National Railway Co (CNI) has around 24671 employees, a market worth around $61.81B and $12.44B in sales. Current P/E ratio is 19.26 and Fwd P/E is 15.67. Profit margin for the company is 26.09%. Distance from 52-week low is 7.52% and -24.57% 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 10.21% this year
1295.0 institutions hold shares in Canadian National Railway Co (CNI), with institutional investors hold 76.80% 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 74.75% 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.
