Canadian National Railway Company (NYSE:CNI) finished Friday with an addition of $0.49 to close at $116.93, an upside of 0.42 percent. An average of 862,440 shares of common stock have been traded in the last five days. There was a gain of $0.05 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,301,810 shares traded, while the 50-day average volume stands at 1,148,486.
CNI stock has decreased by -1.42% in the last month. The company shares reached their 1-month lowest point of $114.41 on 07/26/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $103.79 and a high of $129.89 in 52 weeks. It has reached a new high 5 times so far this year and lost -1.64% or -$1.95 in price. In spite of this, the price is down -9.98% 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 20.00. The stock’s beta is 0.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.89, the price-to-book (PB) ratio at 5.06, and the price-to-cash flow ratio at 74.35.
The company has a payout ratio of 51.90%. The company’s most recent quarterly dividend payment was $0.5996 a share, representing a up of 2.76% from $0.5835 last year. Its latest increase dividend $0.0161 reported on Tuesday July 25 2023.
Financial Health
The quick ratio of Canadian National Railway Company for the three months ended June 29 was 0.70, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.78 and a total debt to equity ratio of 0.83 for the quarter ending June 29. Canadian National Railway Company’s EBITDA margin for the year ending June 29 is 50.09%, while its operating margin for the same period stands at 40.80%. Its gross profit as reported stood at $9.54 billion compared to revenue of $13.16 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 down 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 $1.35 per share, but it turned out to be $1.31, a -3.00% surprise. For the quarter, EBITDA amounted to $1.53 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 11 August was 44.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.92%.
As of today, CNI’s price is $117.31 +0.04% or $0.05 from its 5-day moving average. CNI is currently trading -1.18% lower than its 20-day SMA and +1.39% higher than its 100-day SMA. However, the stock’s current price level is +3.73% above the SMA50 and +3.09% above the SMA200.
The stochastic %K and %D were 35.70% and 38.81%, respectively, and the average true range (ATR) was 2.25. With the 14-day stochastic at 33.73% and the average true range at 2.20, the RSI (14) stands at 46.13%. The stock has reached -0.36 on the 9-day MACD Oscillator while the 14-day reading was at -1.11.
Analyst Ratings
Argus downgraded Canadian National Railway Company (NYSE: CNI) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Canadian National Railway Company (CNI) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CNI, while 19 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 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 $157.32 and $185.00, with a median target of $167.66. Taking a look at these predictions, the average price target given by analysts for Canadian National Railway Company (CNI) stock is $168.83.
