Trading Day Triumph: Canadian National Railway Co. (CNI) Ends at 118.45, a -1.89 Surge/Plunge

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Canadian National Railway Co. (NYSE: CNI) closed the day trading at $118.45 down -1.89% from the previous closing price of $120.73. In other words, the price has decreased by -$1.89 from its previous closing price. On the day, 2.13 million shares were traded. CNI stock price reached its highest trading level at $121.62 during the session, while it also had its lowest trading level at $117.75.

Ratios:

For a better understanding of CNI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 87.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.21. 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 this company, Wells Fargo on June 07, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $130.

On April 10, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $140 to $145.

On April 08, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $130.Jefferies initiated its Hold rating on April 08, 2024, with a $130 target price.

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 75377786880 and an Enterprise Value of 95093891072. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.67, and their Forward P/E ratio for the next fiscal year is 18.03. 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 5.57 while its Price-to-Book (P/B) ratio in mrq is 3.80. Its current Enterprise Value per Revenue stands at 5.673 whereas that against EBITDA is 10.825.

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 -5.90%, while the 200-Day Moving Average is calculated to be -2.17%.

Shares Statistics:

Over the past 3-months, CNI traded about 987.10K shares per day on average, while over the past 10 days, CNI traded about 1399610 shares per day. A total of 642.70M shares are outstanding, with a floating share count of 616.15M. Insiders hold about 3.15% of the company’s shares, while institutions hold 74.80% stake in the company. Shares short for CNI as of 1715731200 were 6161154 with a Short Ratio of 6.24, compared to 1713139200 on 6784275.

Dividends & Splits

CNI’s forward annual dividend rate is 2.40, up from 3.215 a year ago. Against a Trailing Annual Dividend Yield of 0.026629668The stock’s 5-year Average Dividend Yield is 1.77.

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