The stock of Canadian National Railway Company (NYSE:CNI) increased by $0.79 on Friday to finish at $112.48, up 0.71 percent. The last five days have seen an average of 715,660 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$6.40. The average number of shares traded over the last 20 days was 880,425, while the average volume over the last 50 days totaled 1,070,656.
CNI stock dropped -4.95% since last month. On 08/25/23, the company’s shares reached a one-month low of $111.44. The stock touched a high of $129.89 on 01/17/23, after rallying from a low of $103.79 in 52 weeks. The price of CNI stock has declined by -5.38% or -$6.40 this year, reaching a new high 5 times. Still, the stock price is down -13.40% 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 19.57. Beta for the stock is 0.92. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.71, the price-to-book (PB) ratio of 4.95, and the price-to-cash flow ratio of 29.68.
Company paid $0.5996 per share in dividends, an increase of 2.76% from $0.5835 last year.
Financial Health
For the three months ended June 29, Canadian National Railway Company’s quick ratio was 0.70, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.78, and the total debt to equity ratio is 0.83. As far as profitability goes, gross margin for the trailing twelve months is 73.50% percent. Canadian National Railway Company’s EBITDA margin for the year ended June 29 was 50.09%, whereas its operating margin stood at 40.80% for the same period. Based on annual data, it had gross profit of $9.54 billion and revenue of $13.16 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CNI’s return on assets (ROA) during the last 12 months has been 10.30%. There was a 14.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 24.90%.
Earnings Surprise
According to Canadian National Railway Company’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $10.57 billion, while revenues rose by 100.0% to $9.92 billion. It was predicted that Canadian National Railway Company’s quarterly earnings would be $1.29, but it ended up being $1.33, beating the consensus by -3.00%. EBITDA was $1.53 billion for the quarter. At the end of Canadian National Railway Company’s most recent quarter ended June 29, its liabilities totaled 22.67 billion, while its total debt was $17.35 billion.
Technical Picture
Here’s a quick look at Canadian National Railway Company’s (CNI) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 36.49%, suggesting the stock is Neutral, with a 13.23% historical volatility rate.
The stochastic %K and %D were 10.00% and 7.81% respectively, while the average true range (ATR) was 1.76. Based on the 14-day stochastic reading of 13.10%, the RSI (14) reading is 38.00%. On the 9-day MACD Oscillator, the stock is at -0.52, and the 14-day reading is at -1.94.
Analyst Ratings
Canadian National Railway Company (NYSE: CNI) was downgraded by Argus to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Canadian National Railway Company (CNI) an Overweight rating. CNI is a stock that is recommended for selling by 1 brokerage firm, while 19 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 11 others recommend it as a buy.
What is CNI’s price target for the next 12 months?
The current consensus forecast for the stock is between $157.32 and $185.00, with a median target price of $167.42. In analyzing these forecasts, the average price target given by analysts for Canadian National Railway Company (CNI) is $168.63.
