Canadian National Railway Company [NYSE: CNI] stock went on a downward path that fall over -0.31% on Tuesday, amounting to a one-week price increase of more than 1.16%. The company report on July 9, 2021 that CN and KCS Outline Benefits of Pro-Competitive Combination for Shippers.
Unprecedented pro-competitive commitments will enhance route choice and provide all market participants, railroads and shippers a fair chance to compete.
Transaction is about creating a new rail product and pro-competitive market philosophy for the future.
Over the last 12 months, CNI stock rose by 17.62%. The one-year Canadian National Railway Company stock forecast points to a potential upside of 10.96. The average equity rating for CNI stock is currently 2.60, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $73.29 billion, with 711.00 million shares outstanding and 705.91 million shares in the current float. Compared to the average trading volume of 2.10M shares, CNI stock reached a trading volume of 1454899 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $118.39 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.
Stifel have made an estimate for Canadian National Railway Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 22, 2021. The new note on the price target was released on May 18, 2021, representing the official price target for Canadian National Railway Company stock.
The Average True Range (ATR) for Canadian National Railway Company is set at 1.68, with the Price to Sales ratio for CNI stock in the period of the last 12 months amounting to 6.65. The Price to Book ratio for the last quarter was 4.72, with the Price to Cash per share for the same quarter was set at 0.59. Price to Free Cash Flow for CNI in the course of the last twelve months was 57.26 with Quick ratio for the last quarter at 1.00.
CNI Stock Performance Analysis:
Canadian National Railway Company [CNI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.16. With this latest performance, CNI shares dropped by -4.44% in over the last four-week period, additionally sinking by -7.57% over the last 6 months – not to mention a rise of 17.62% 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 44.75, with the RSI for the last a single of trading hit 45.08, and the three-weeks RSI is set at 44.80 for Canadian National Railway Company [CNI]. The present Moving Average for the last 50 days of trading for this stock 108.20, while it was recorded at 105.97 for the last single week of trading, and 109.56 for the last 200 days.
Insight into Canadian National Railway Company 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.
CNI Stock EPS
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 8.19%.
Canadian National Railway Company [CNI] Insider Position Details
There are presently around $41,826 million, or 77.80% of CNI stock, in the hands of institutional investors. The top three institutional holders of CNI stocks are: MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with ownership of 32,929,380, which is approximately -0.916% of the company’s market cap and around 0.20% of the total institutional ownership; ROYAL BANK OF CANADA, holding 31,802,003 shares of the stock with an approximate value of $3.35 billion in CNI stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $2.4 billion in CNI stock with ownership of nearly -0.029% of the company’s market capitalization.
Positions in Canadian National Railway Company stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 321 institutional holders increased their position in Canadian National Railway Company [NYSE:CNI] by around 22,787,226 shares. Additionally, 279 investors decreased positions by around 20,999,537 shares, while 166 investors held positions by with 352,964,726 shares. The mentioned changes placed institutional holdings at 396,751,489 shares, according to the latest SEC report filing. CNI stock had 74 new institutional investments in for a total of 2,010,707 shares, while 55 institutional investors sold positions of 1,789,604 shares during the same period.