Canadian National Railway Co. (NYSE:CNI) shares, rose in value, with the stock price up by 0.36% to the previous day’s close as strong demand from buyers drove the stock to $125.23.
Actively observing the price movement in the last trading, the stock closed the session at $124.78. The PE ratio was 18.68 over 12-month period. Referring to stock’s 52-week performance, its high was $134.02, and the low was $103.96. On the whole, CNI has fluctuated by -4.88% over the past month.
The company’s Forward Dividend Ratio is 2.38, with its dividend yield at 1.90%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13B, with a low estimate of 2.98B and a high estimate of 3.43B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.18B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CNI’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.22, with the price of CNI currently trading nearly -2.84% and -3.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.53, while the 7-day volatility ratio is showing 2.87% which for the 30-day chart, stands at 1.87%. Furthermore, Canadian National Railway Co. (CNI)’s beta value is 0.89, and its average true range (ATR) is 2.50.
A comparison of Canadian National Railway Co. (CNI) with its peers suggests the former has fared considerably weaker in the market. CNI showed an intraday change of 0.36% in last session, and over the past year, it grew by 7.34%%.
Data on historical trading for Canadian National Railway Co. (NYSE:CNI) indicates that the trading volumes over the past 3 months, they’ve averaged 993.54K. According to company’s latest data on outstanding shares, there are 642.70 million shares outstanding.
Nearly 3.13% of Canadian National Railway Co.’s shares belong to company insiders and institutional investors own 75.56% of the company’s shares. The stock has fallen by -0.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CNI stock heading into the next quarter.
