At the time of writing, Canadian National Railway Co. [CNI] stock is trading at $114.70, up 0.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNI shares have gain 1.42% over the last week, with a monthly amount drifted -0.95%, 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.
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 $129.45 within the next 12 months. Canadian National Railway Co. [NYSE: CNI] shares were valued at $114.70 at the most recent close of the market. An investor can expect a potential return of 12.86% based on the average CNI price forecast.
Analyzing the CNI fundamentals
According to Canadian National Railway Co. [NYSE:CNI], the company’s sales were 12.57B for trailing twelve months, which represents an 4.74% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.06.
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 113.80 points at the first support level, and at 112.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 115.22, and for the 2nd resistance point, it is at 115.74.
Ratios To Look Out For
It is important to note that Canadian National Railway Co. [NYSE:CNI] has a current ratio of 0.63. On the other hand, the Quick Ratio is 0.48, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 5.74, the price to book ratio is 5.11 and price to earnings (TTM) ratio is 18.41.
