Canadian National Railway Co (NYSE: CNI) is -21.91% lower on its value in year-to-date trading and has touched a low of $91.65 and a high of $121.12 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 $96.27 in the last trading session, with the day’s loss setting it -0.85%.
Currently trading at $95.42, the stock is -7.18% and -8.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing -0.88% at the moment leaves the stock -8.13% off its SMA200. CNI registered -6.00% loss for a year compared to 6-month loss of -8.63%. The firm has a 50-day simple moving average (SMA 50) of $104.0676 and a 200-day simple moving average (SMA200) of $103.86775.
The stock witnessed a -6.56% gain in the last 1 month and extending the period to 3 months gives it a -2.40%, and is -6.29% 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 2.01% over the week and 1.79% over the month.
Canadian National Railway Co (CNI) has around 24671 employees, a market worth around $59.56B and $12.29B in sales. Current P/E ratio is 18.35 and Fwd P/E is 15.55. Profit margin for the company is 26.63%. Distance from 52-week low is 4.11% and -21.22% from its 52-week high. The company has generated returns on investments over the last 12 months (10.84%).
The EPS is expected to grow by 7.01% this year
1261.0 institutions hold shares in Canadian National Railway Co (CNI), with institutional investors hold 77.47% of the company’s shares. The shares outstanding are 625.40M, and float is at 603.67M with Short Float at 0.91%. Institutions hold 75.37% 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.
