As of Thursday close, Canadian National Railway Company’s (NYSE:CNI) stock was down -$3.1, moving down -2.74 percent to $110.16. The average number of shares traded per day over the past five days has been 1,230,020 shares. 2 times new highs have been achieved over the past 5 days, with a -$5.30 fall in that time frame. In the last twenty days, the average volume was 1,231,125, while in the previous 50 days, it was 1,167,262.
Since last month, CNI stock retreated -1.68%. Shares of the company fell to $107.35 on 09/08/23, the lowest level in the past month. A 52-week high of $129.89 was reached on 01/17/23 after having rallying from a 52-week low of $103.79. Since the beginning of this year, CNI’s stock price has dropped by -7.34% or -$8.72, and marked a new high 5 times. However, the stock has declined by -15.19% since its 52-week high.
Valuation Metrics
Right now, Canadian National Railway Company (CNI) has a P/E ratio of about 19.07. The stock’s beta is 0.91. Besides these, the trailing price-to-sales (P/S) ratio of 5.56, the price-to-book (PB) ratio of 4.83, and the price-to-cash flow ratio of 28.74 may also be considered.
The latest dividend of $0.5996 per share was paid out, which is 2.76% more than last year’s $0.5835. On Tuesday July 25 2023, a $0.0161 dividend increase was announced.
Financial Health
In the three months ended June 29, Canadian National Railway Company’s quick ratio stood at 0.70, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.78, and the total debt-to-equity ratio was 0.83. On the profitability front, the trailing twelve-month gross margin is 73.50% percent. In the year ended June 29, EBITDA margin amounted to 50.09%, whereas operating margins totaled 40.80%. Based on annual data, CNI earned $9.54 billion in gross profit and brought in $13.16 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.10%. Return on equity (ROE) for the past 12 months was 24.90%.
In Canadian National Railway Company’s quarter-end financial report for June 29, it reported total debt of $6.82 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CNI’s revenue rose 100.0% to $9.92 billion during the quarter, while net income inched up to $10.57 billion. While analysts expected Canadian National Railway Company to report $1.35 quarterly earnings, the actual figure was $1.31 per share, beating the consensus estimate by -3.00%. During the quarter, the company generated $1.53 billion in EBITDA. The liabilities of Canadian National Railway Company were 22.67 billion at the end of its most recent quarter ended June 29, and its total debt was $17.35 billion.
Technical Picture
This quick technical analysis looks at Canadian National Railway Company’s (CNI) price momentum. With a historical volatility rate of 29.02%, the RSI 9-day stood at 39.83% on 21 September.
With respect to its five-day moving average, the current Canadian National Railway Company price is down by -4.59% percent or -$5.30. At present, CNI shares trade -2.51% below its 20-day simple moving average and -7.64% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.86% below its SMA50 and -13.82% below its SMA200.
Stochastic coefficient K was 52.73% and Stochastic coefficient D was 69.57%, while ATR was 2.29. Given the Stochastic reading of 29.74% for the 14-day period, the RSI (14) reading has been calculated as 41.81%. As of today, the MACD Oscillator reading stands at -0.37, while the 14-day reading stands at 0.63.
Analyst Ratings
Raymond James upgraded its rating on Canadian National Railway Company (NYSE: CNI) to an Outperform in a note to investors on September 14, 2023. The analysts firm previously had a Mkt perform rating on the stock.Canadian National Railway Company (CNI) has been rated Overweight by analysts. According to 1 brokerage firm, CNI is a sell, and 17 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Canadian National Railway Company stock as buy, with 11 recommending it as overweight.
With a median target price of $167.42, the current consensus forecast for the stock is $156.51 – $191.77. Based on these forecasts, analysts predict Canadian National Railway Company (CNI) will achieve an average price target of $169.77.
