Canadian National Railway Co (NYSE: CNI) is -1.71% lower on its value in year-to-date trading and has touched a low of $91.65 and a high of $129.18 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 $98.43 in the last trading session, with the day’s gains setting it 1.34%.
Currently trading at $99.77, the stock is 1.67% and 1.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 1.36% at the moment leaves the stock -6.74% off its SMA200. CNI registered -19.24% loss for a year compared to 6-month loss of -7.80%.
The stock witnessed a 5.30% gain in the last 1 month and extending the period to 3 months gives it a -4.01%, and is 3.05% 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 2.60% over the week and 2.88% over the month.
Canadian National Railway Co (CNI) has around 24671 employees, a market worth around $62.59B and $12.36B in sales. Current P/E ratio is 19.44 and Fwd P/E is 15.86. Profit margin for the company is 26.20%. Distance from 52-week low is 8.86% and -22.77% from its 52-week high. The company has generated returns on investments over the last 12 months (11.38%).
The EPS is expected to grow by 10.31% this year
The shares outstanding are 627.50M, and float is at 606.94M with Short Float at 0.37%.
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 3.5323 of the shares totaling 22.43 million with a market value of $2.65 billion.
