Canadian Natural Resources Ltd. [CNQ] stock is trading at $37.60, up 0.40%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CNQ shares have gain 5.77% over the last week, with a monthly amount glided 15.20%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Desjardins downgraded its rating to Hold on April 23, 2024. On July 12, 2023, UBS initiated with a Buy rating. Goldman upgraded its rating to a Buy and raised its price target to $69 on November 21, 2022.
Canadian Natural Resources Ltd. [CNQ] stock has fluctuated between $29.45 and $41.29 over the past year. Currently, Wall Street analysts expect the stock to reach $53.45 within the next 12 months. Canadian Natural Resources Ltd. [NYSE: CNQ] shares were valued at $37.60 at the most recent close of the market. An investor can expect a potential return of 42.15% based on the average CNQ price forecast.
Analyzing the CNQ fundamentals
Canadian Natural Resources Ltd. [NYSE:CNQ] reported sales of 27.12B for the trailing twelve months, which represents a growth of 12.60%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.19 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
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 37.27 points at the first support level, and at 36.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.92, and for the 2nd resistance point, it is at 38.23.
Ratios To Look Out For
For context, Canadian Natural Resources Ltd.’s Current Ratio is 0.88. Further, the Quick Ratio stands at 0.59, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 2.94, the price to book ratio is 2.77 and price to earnings (TTM) ratio is 14.46.
