At the time of writing, Canadian National Railway Co. [CNI] stock is trading at $118.24, up 0.31%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNI shares have lost -0.18% over the last week, with a monthly amount drifted -6.83%, and not 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 June 07, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $130. Previously, BofA Securities upgraded its rating to Buy on April 10, 2024, and elevated its price target to $145. On April 08, 2024, Jefferies initiated with a Hold rating and assigned a price target of $130 on the stock. CIBC downgraded its rating to a Neutral. TD Securities downgraded its rating to a Hold. Deutsche Bank downgraded its rating to Hold for this stock on November 27, 2023, and downed its price target to $121. In a note dated October 05, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $131 to $115.
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 $130.25 within the next 12 months. Canadian National Railway Co. [NYSE: CNI] shares were valued at $118.24 at the most recent close of the market. An investor can expect a potential return of 10.16% based on the average CNI price forecast.
Analyzing the CNI fundamentals
According to Canadian National Railway Co. [NYSE:CNI], the company’s sales were 12.43B for trailing twelve months, which represents an -1.19% plunge. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.27 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
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 116.73 points at the first support level, and at 115.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 119.16, and for the 2nd resistance point, it is at 120.07.
Ratios To Look Out For
It is important to note that Canadian National Railway Co. [NYSE:CNI] has a current ratio of 0.60. On the other hand, the Quick Ratio is 0.46, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 6.05, the price to book ratio is 5.14 and price to earnings (TTM) ratio is 18.89.
