In the latest trading session, 0.75 million Canadian National Railway Co. (NYSE:CNI) shares changed hands as the company’s beta touched 0.89. With the company’s most recent per share price at $113.85 changing hands around $1.61 or 1.43% at last look, the market valuation stands at $71.67B. CNI’s current price is a discount, trading about -17.72% off its 52-week high of $134.02. The share price had its 52-week low at $103.96, which suggests the last value was 8.69% up since then. When we look at Canadian National Railway Co.’s average trading volume, we note the 10-day average is 1.35 million shares, with the 3-month average coming to 1.20 million.
Analysts gave the Canadian National Railway Co. (CNI) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.45. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 9 recommended CNI as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Canadian National Railway Co.’s EPS for the current quarter is expected to be 1.52.
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Canadian National Railway Co. (NYSE:CNI) trade information
Instantly CNI is in green as seen in intraday trades today. With action -1.75%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -9.38%, with the 5-day performance at -1.75% in the red. However, in the 30-day time frame, Canadian National Railway Co. (NYSE:CNI) is -3.44% down. Looking at the short shares, we see there were 2.59 million shares sold at short interest cover period of 2.88 days.
The consensus price target for the stock as assigned by Wall Street analysts is 127.32, meaning bulls need an upside of 10.58% from its recent market value. According to analyst projections, CNI’s forecast low is 119 with 143.2345554 as the target high. To hit the forecast high, the stock’s price needs a -25.81% plunge from its current level, while the stock would need to soar -4.52% for it to hit the projected low.
Canadian National Railway Co. (CNI) estimates and forecasts
Data shows that the Canadian National Railway Co. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -7.33% over the past 6 months, a 2.04% in annual growth rate that is considerably higher than the industry average of -0.10%. Year-over-year growth is forecast to reach 2.50% up from the last financial year.
Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of 3.34B. 10 analysts are of the opinion that Canadian National Railway Co.’s revenue for the current quarter will be 3.22B. The company’s revenue for the corresponding quarters a year ago was 3.24B and 3.13B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.80%. The estimates for the next quarter sales put growth at 2.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.82%. The 2024 estimates are for Canadian National Railway Co. earnings to increase by 1.55%, but the outlook for the next 5-year period is at 8.65% per year.
CNI Dividends
Canadian National Railway Co. is expected to release its next quarterly earnings report on 2025-Jan-21. The 2.15% annual yield figure for the share gives it an annual dividend of 2.45. It is important to note, however, that the 2.15% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.8 per year.
Canadian National Railway Co. (NYSE:CNI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.64% of Canadian National Railway Co. shares while 77.12% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.21%. There are 77.12% institutions holding the Canadian National Railway Co. stock share, with BILL & MELINDA GATES FOUNDATION TRUST the top institutional holder. As of 2024-06-30, the company held 8.5573% of the shares, roughly 54.83 million CNI shares worth $6.48 billion.
TCI FUND MANAGEMENT LTD holds the second largest percentage of outstanding shares, with 6.1633% or 39.49 million shares worth $4.67 billion as of 2024-06-30.
