Canadian National Railway Company [NYSE: CNI] plunged by -$3.72 during the normal trading session on Friday and reaching a high of $110.60 during the day while it closed the day at $107.33. The company report on May 14, 2021 that CN Proposal Deemed Superior by Kansas City Southern.
CN’s enhanced proposal of $3251 per share values KCS at an enterprise value of $33.6 billion.
With Confirmatory Due Diligence Complete, CN Looks Forward to Promptly Entering into Merger Agreement with KCS.
Canadian National Railway Company stock has also loss -4.48% of its value over the past 7 days. However, CNI stock has declined by -2.97% in the 3 months of the year. Over the past six months meanwhile, it has lost -1.25% and lost -2.29% year-on date.
The market cap for CNI stock reached $78.65 billion, with 711.00 million shares outstanding and 702.29 million shares in the current float. Compared to the average trading volume of 1.18M shares, CNI reached a trading volume of 4844771 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Canadian National Railway Company [CNI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNI shares is $120.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNI stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Canadian National Railway Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 25, 2021. The new note on the price target was released on January 27, 2021, representing the official price target for Canadian National Railway Company stock. Previously, the target price had yet another drop from $116 to $107, while Cowen kept a Market Perform rating on CNI stock.
The Average True Range (ATR) for Canadian National Railway Company is set at 2.24, with the Price to Sales ratio for CNI stock in the period of the last 12 months amounting to 6.93. The Price to Book ratio for the last quarter was 4.66, with the Price to Cash per share for the same quarter was set at 0.58. Price to Free Cash Flow for CNI in the course of the last twelve months was 59.63 with Quick ratio for the last quarter at 1.00.
CNI stock trade performance evaluation
Canadian National Railway Company [CNI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.48. With this latest performance, CNI shares dropped by -8.60% in over the last four-week period, additionally sinking by -1.25% over the last 6 months – not to mention a rise of 36.67% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNI stock in for the last two-week period is set at 37.18, with the RSI for the last a single of trading hit 33.48, and the three-weeks RSI is set at 40.10 for Canadian National Railway Company [CNI]. The present Moving Average for the last 50 days of trading for this stock 113.84, while it was recorded at 110.96 for the last single week of trading, and 108.75 for the last 200 days.
Canadian National Railway Company [CNI]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Canadian National Railway Company [CNI] shares currently have an operating margin of +38.09 and a Gross Margin at +44.89. Canadian National Railway Company’s Net Margin is presently recorded at +25.78.
Return on Total Capital for CNI is now 16.12, given the latest momentum, and Return on Invested Capital for the company is 11.45. Return on Equity for this stock inclined to 18.90, with Return on Assets sitting at 7.92. When it comes to the capital structure of this company, Canadian National Railway Company [CNI] has a Total Debt to Total Equity ratio set at 67.80. Additionally, CNI Total Debt to Total Capital is recorded at 40.41, with Total Debt to Total Assets ending up at 29.36. Long-Term Debt to Equity for the company is recorded at 62.63, with the Long-Term Debt to Total Capital now at 37.32.
Reflecting on the efficiency of the workforce at the company, Canadian National Railway Company [CNI] managed to generate an average of $146,097 per employee. Receivables Turnover for the company is 11.75 with a Total Asset Turnover recorded at a value of 0.31.Canadian National Railway Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.20.
Earnings per share (EPS) analysis for Canadian National Railway Company [CNI] stock
With the latest financial reports released by the company, Canadian National Railway Company posted 0.96/share EPS, while the average EPS was predicted by analysts to be reported at 0.94/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Canadian National Railway Company go to 9.02%.
Canadian National Railway Company [CNI]: Insider Ownership positions
There are presently around $42,981 million, or 77.80% of CNI stock, in the hands of institutional investors. The top three institutional holders of CNI stocks are: ROYAL BANK OF CANADA with ownership of 33,588,974, which is approximately 0.229% of the company’s market cap and around 0.20% of the total institutional ownership; MASSACHUSETTS FINANCIAL SERVICES CO /MA/, holding 32,929,380 shares of the stock with an approximate value of $3.53 billion in CNI stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $2.44 billion in CNI stock with ownership of nearly -0.462% of the company’s market capitalization.
Positions in Canadian National Railway Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 316 institutional holders increased their position in Canadian National Railway Company [NYSE:CNI] by around 17,669,135 shares. Additionally, 280 investors decreased positions by around 11,837,813 shares, while 164 investors held positions by with 370,950,959 shares. The mentioned changes placed institutional holdings at 400,457,907 shares, according to the latest SEC report filing. CNI stock had 77 new institutional investments in for a total of 1,287,031 shares, while 51 institutional investors sold positions of 511,281 shares during the same period.