Canadian National Railway Company (CNI) 20 Days SMA touches 2.05%: The odds favor the bear

A new trading day began on January 24, 2023, with Canadian National Railway Company (NYSE: CNI) stock priced at $122.90, up 0.31% from the previous day of trading. During the day, the shares moved up to $125.54 and dropped to $121.96 before settling in for the closing price of $123.64. CNI’s price has ranged from $103.79 to $137.19 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 3.80%. Meanwhile, its annual earnings per share averaged 43.50%. With a float of $661.10 million, this company’s outstanding shares have now reached $682.30 million.

Considering the fact that the conglomerate employs 17239 people, you should pay attention to its efficiency factor.

Canadian National Railway Company (CNI) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Railroads Industry. The insider ownership of Canadian National Railway Company is 0.20%, while institutional ownership is 77.80%.

Canadian National Railway Company (CNI) Earnings and Forecasts

In its latest quarterly report, released on 6/29/2021, the company reported earnings of $1.16 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.25 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 43.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.74% during the next five years compared to 8.10% growth over the previous five years of trading.

Canadian National Railway Company (NYSE: CNI) Trading Performance Indicators

Here are Canadian National Railway Company’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.80. Likewise, its price to free cash flow for the trailing twelve months is 61.85.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.24, a number that is poised to hit 1.55 in the next quarter and is forecasted to reach 6.00 in one year’s time.

Technical Analysis of Canadian National Railway Company (CNI)

Compared to the last year’s volume of 0.86 million, its volume of 0.85 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 62.80%. Additionally, its Average True Range was 2.43.

During the past 100 days, Canadian National Railway Company’s (CNI) raw stochastic average was set at 77.51%, which indicates a significant decrease from 79.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.97% in the past 14 days, which was lower than the 25.81% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $123.33, while its 200-day Moving Average is $118.61. Nevertheless, the first resistance level for the watch stands at $125.72 in the near term. At $127.42, the stock is likely to face the second major resistance level. The third major resistance level sits at $129.30. If the price goes on to break the first support level at $122.14, it is likely to go to the next support level at $120.26. Should the price break the second support level, the third support level stands at $118.56.

Canadian National Railway Company (NYSE: CNI) Key Stats

With a market capitalization of 82.39 billion, the company has a total of 672,902K Shares Outstanding. Currently, annual sales are 11,551 M while annual income is 3,903 M. The company’s previous quarter sales were 3,458 M while its latest quarter income was 1,115 M.


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