Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $129.40 in the prior trading day, Canadian National Railway Co. (NYSE: CNI) closed at $122.86, down -5.05%. In other words, the price has decreased by -$5.05 from its previous closing price. On the day, 2.27 million shares were traded. CNI stock price reached its highest trading level at $130.6 during the session, while it also had its lowest trading level at $122.2.
Ratios:
Our goal is to gain a better understanding of CNI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 91.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.37. For the most recent quarter (mrq), Quick Ratio is recorded 0.46 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.86.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on April 10, 2024, Upgraded its rating to Buy and sets its target price to $145 from $140 previously.
On April 08, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $130.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNI now has a Market Capitalization of 82089893888 and an Enterprise Value of 98329403392. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.33, and their Forward P/E ratio for the next fiscal year is 18.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.82 while its Price-to-Book (P/B) ratio in mrq is 3.95. Its current Enterprise Value per Revenue stands at 5.866 whereas that against EBITDA is 11.193.
Stock Price History:
Over the past 52 weeks, CNI has reached a high of $134.02, while it has fallen to a 52-week low of $103.96. The 50-Day Moving Average of the stock is -5.24%, while the 200-Day Moving Average is calculated to be 2.87%.
Shares Statistics:
The stock has traded on average 1.00M shares per day over the past 3-months and 1103730 shares per day over the last 10 days, according to various share statistics. A total of 642.70M shares are outstanding, with a floating share count of 620.63M. Insiders hold about 3.13% of the company’s shares, while institutions hold 75.02% stake in the company. Shares short for CNI as of 1711584000 were 7002516 with a Short Ratio of 6.99, compared to 1709164800 on 9127103.
Dividends & Splits
In the trailing 12 months, CNI’s forward annual dividend rate was 3.215, compared to 2.38 this year. Against a Trailing Annual Dividend Yield of 0.024845442The stock’s 5-year Average Dividend Yield is 1.76.
