How Canadian National Railway Company (CNI) Works From A Technical Perspective

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Canadian National Railway Company (NYSE:CNI) finished Friday with a subtraction of -$1.55 to close at $118.88, a downside of -1.29 percent. An average of 663,880 shares of common stock have been traded in the last five days. There was a fall of -$0.75 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,061,030 shares traded, while the 50-day average volume stands at 1,134,966.

CNI stock has decreased by -7.44% in the last month. The company shares reached their 1-month lowest point of $118.26 on 12/30/22. With the stock rallying to its 52-week high on 03/30/22, shares of the company touched a low of $103.79 and a high of $137.19 in 52 weeks. It has reached a new high 16 times so far this year and lost -3.24% or -$3.98 in price. In spite of this, the price is down -13.35% from the 52-week high.

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Valuation Metrics

Canadian National Railway Company (CNI) has a trailing price-to-earnings (P/E) ratio of 23.02. The stock’s beta is 0.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.66, the price-to-book (PB) ratio at 5.03, and the price-to-cash flow ratio at 60.62.

The company has a payout ratio of 54.30%. The company’s most recent quarterly dividend payment was $0.53 a share, representing a down of -6.85% from $0.5690 last year. Its latest decrease dividend $0.0390 reported on Tuesday October 25 2022.

Financial Health

The quick ratio of Canadian National Railway Company for the three months ended June 29 was 0.80, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.66 and a total debt to equity ratio of 0.70 for the quarter ending June 29. Its gross profit as reported stood at $8.68 billion compared to revenue of $11.55 billion.

Earnings Surprise

For the three-month period that ended June 29, Canadian National Railway Company had $6.82 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.61 billion in the quarter, while revenues of $2.68 billion were grew 100.0%. The analyst consensus anticipated Canadian National Railway Company’s latest quarter earnings to come in at $1.16 per share, but it turned out to be $1.16, a 0.00% surprise. For the quarter, EBITDA amounted to $1.8 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Canadian National Railway Company (CNI) price momentum. RSI 9-day as of the close on 30 December was 37.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.01%.

As of today, CNI’s price is $120.12 -0.63% or -$0.75 from its 5-day moving average. CNI is currently trading -7.46% lower than its 20-day SMA and -5.79% lower than its 100-day SMA. However, the stock’s current price level is +5.29% above the SMA50 and -6.64% below the SMA200.

The stochastic %K and %D were 9.68% and 14.50%, respectively, and the average true range (ATR) was 2.18. With the 14-day stochastic at 5.53% and the average true range at 2.30, the RSI (14) stands at 41.25%. The stock has reached -0.58 on the 9-day MACD Oscillator while the 14-day reading was at -2.31.

Analyst Ratings

BofA Securities upgraded Canadian National Railway Company (NYSE: CNI) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Canadian National Railway Company (CNI) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CNI, while 22 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is CNI’s price target for the next 12 months?

Analysts predict a range of price targets between $145.00 and $205.40, with a median target of $172.91. Taking a look at these predictions, the average price target given by analysts for Canadian National Railway Company (CNI) stock is $172.34.

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