At the time of writing, Canadian National Railway Co. [CNI] stock is trading at $128.79, up 0.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNI shares have lost -1.31% over the last week, with a monthly amount glided 0.48%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Canadian National Railway Co. [NYSE: CNI] stock has seen the most recent analyst activity on April 10, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $145 from $140. Previously, Jefferies started tracking the stock with Hold rating on April 08, 2024, and set its price target to $130. On January 10, 2024, downgrade downgraded it’s rating to Neutral. TD Securities downgraded its rating to a Hold. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $121 on November 27, 2023. BofA Securities downgraded its rating to Neutral for this stock on October 05, 2023, and downed its price target to $115. In a note dated September 14, 2023, Raymond James upgraded an Outperform rating on this stock.
For the past year, the stock price of Canadian National Railway Co. fluctuated between $103.96 and $134.02. Currently, Wall Street analysts expect the stock to reach $129.25 within the next 12 months. Canadian National Railway Co. [NYSE: CNI] shares were valued at $128.79 at the most recent close of the market. An investor can expect a potential return of 0.36% based on the average CNI price forecast.
Analyzing the CNI fundamentals
According to Canadian National Railway Co. [NYSE:CNI], the company’s sales were 12.46B for trailing twelve months, which represents an -1.88% plunge. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.28 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.94.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 127.78 points at the first support level, and at 126.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 130.00, and for the 2nd resistance point, it is at 131.20.
Ratios To Look Out For
It is important to note that Canadian National Railway Co. [NYSE:CNI] has a current ratio of 0.61. On the other hand, the Quick Ratio is 0.47, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 6.62, the price to book ratio is 5.43 and price to earnings (TTM) ratio is 20.34.
