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Data-Based Analysis Of Canadian National Railway Co. (CNI)

Canadian National Railway Co. (NYSE:CNI) concluded the trading at $128.57 Friday, February 09 with a rise of 0.30% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $128.19 and 5Y monthly beta was reading 0.66 . Company’s P/E ratio for the trailing 12 months is 20.31. Considering stock’s 52-week price range provides that CNI hit a high price of $129.66 and saw its price falling to a low level of $103.96 during that period. Over a period of past 1-month, stock came adding 3.39% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review CNI stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 50% Buy for it.

Digging deeper we become aware of the PEG ratio of the CNI stock which is currently positioned at 3.45. It further provides that stock’s current price level is 2.47% away from its 20-day simple moving average and is 4.48% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 62.23 while volatility remained at 1.15% over the past week which changes to 1.66% when measuring it over the past month. Beta is valued at 0.89, while measure of average true range or ATR is currently at 1.91.

In comparing Canadian National Railway Co. (CNI)’s stock with other industry players reveals that stock’s current price change of 0.30% and that of 9.51% over the past 12 months is in competing position with that of Norfolk Southern Corp. (NSC) which saw its stock price raised by 0.31%% in the last trading and went through an increase of 5.04% in past 12-month trading. Industry’s another major player Canadian Pacific Kansas City Ltd. (CP) has fall -0.19%% down in previous session, but over the past year has faced a rise of 7.08%. CSX Corp. (CSX) was also down -0.49%% however its price remained floating in the green at 16.85% over the same period. Canadian National Railway Co. has a P/E ratio of 20.31 against that of Norfolk Southern Corp.’s 31.72 while Canadian Pacific Kansas City Ltd. is showing 27.37 for the same.

Having a second look at Canadian National Railway Co. (NYSE:CNI) provides that stock’s average daily trading volume for 3 months was 1.08 million, while it jumped to 0.97 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 642.70 million.

The percentage of outstanding shares held by the insiders is 3.10% while it is 74.59% for the institutional holders. The figures also indicate that as of Jan 12, 2024, number of stock’s short shares was 5.46 million which implies a short ratio of 6.2. This shows down a 0.85% of Short Interest in company’s outstanding shares on the day. In January the standing of shares short improved as it was 7.98 million in the previous month. Addition of 2.34% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.