A share price of Canadian National Railway Co. [CNI] is currently trading at $111.68, up 0.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CNI shares have lost -3.04% over the last week, with a monthly amount drifted -4.30%, 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 July 08, 2024, when Bernstein downgraded its rating to a Mkt Perform. Previously, National Bank Financial upgraded its rating to Outperform on June 27, 2024. On June 07, 2024, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $130 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $145 on April 10, 2024. Jefferies initiated its recommendation with a Hold and recommended $130 as its price target on April 08, 2024. CIBC downgraded its rating to Neutral for this stock on January 10, 2024. In a note dated January 08, 2024, TD Securities downgraded an Hold rating on this stock.
Canadian National Railway Co. experienced fluctuations in its stock price throughout the past year between $103.96 and $134.02. Currently, Wall Street analysts expect the stock to reach $129.45 within the next 12 months. Canadian National Railway Co. [NYSE: CNI] shares were valued at $111.68 at the most recent close of the market. An investor can expect a potential return of 15.91% based on the average CNI price forecast.
Analyzing the CNI fundamentals
Trailing Twelve Months sales for Canadian National Railway Co. [NYSE:CNI] were 12.57B which represents 4.74% growth. 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 0.11, Equity is 0.27 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 1.06.
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 110.38 points at the first support level, and at 109.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.67, and for the 2nd resistance point, it is at 113.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canadian National Railway Co. [NYSE:CNI] is 0.63. Also, the Quick Ratio is 0.48, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 5.59, the price to book ratio is 4.97 and price to earnings (TTM) ratio is 17.93.
