Canadian National Railway Co (NYSE: CNI) is -9.14% lower on its value in year-to-date trading and has touched a low of $91.65 and a high of $123.96 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 $104.75 in the last trading session, with the day’s gains setting it 1.28%.
Currently trading at $106.03, the stock is 2.06% and 2.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 1.22% at the moment leaves the stock 1.31% off its SMA200. CNI registered 4.45% gain for a year compared to 6-month gain of 2.34%. The firm has a 50-day simple moving average (SMA 50) of $103.7776 and a 200-day simple moving average (SMA200) of $104.65505.
The stock witnessed a 1.37% loss in the last 1 month and extending the period to 3 months gives it a 14.43%, and is -0.53% 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 1.95% over the week and 1.73% over the month.
Canadian National Railway Co (CNI) has around 24671 employees, a market worth around $66.53B and $12.36B in sales. Current P/E ratio is 20.66 and Fwd P/E is 16.89. Profit margin for the company is 26.20%. Distance from 52-week low is 15.69% and -14.46% 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 8.74% this year
1274.0 institutions hold shares in Canadian National Railway Co (CNI), with institutional investors hold 77.43% of the company’s shares. The shares outstanding are 627.50M, and float is at 607.07M with Short Float at 0.90%. Institutions hold 75.36% 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 3.5323 of the shares totaling 22.43 million with a market value of $2.65 billion.
