A major move is in the offing as Canadian National Railway Co (CNI) market cap hits 93.97 billion

Canadian National Railway Co (NYSE: CNI) kicked off on Tuesday, down -1.68% from the previous trading day, before settling in for the closing price of $108.53. Over the past 52 weeks, CNI has traded in a range of $107.54-$134.02.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 2.83%. While this was happening, its average annual earnings per share was recorded 1.72%. With a float of $608.71 million, this company’s outstanding shares have now reached $642.70 million.

Considering the fact that the conglomerate employs 24987 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 42.69%, operating margin of 37.84%, and the pretax margin is 36.06%.

Canadian National Railway Co (CNI) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Railroads Industry. The insider ownership of Canadian National Railway Co is 3.19%, while institutional ownership is 69.65%.

Canadian National Railway Co (CNI) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 2.02 earnings per share (EPS), higher than consensus estimate (set at 1.98) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.86 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 1.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.60% during the next five years compared to 6.82% growth over the previous five years of trading.

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

Take a look at Canadian National Railway Co’s (CNI) current performance indicators. Last quarter, stock had a quick ratio of 0.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.45. Likewise, its price to free cash flow for the trailing twelve months is 36.16.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.23, a number that is poised to hit 1.49 in the next quarter and is forecasted to reach 5.96 in one year’s time.

Technical Analysis of Canadian National Railway Co (CNI)

Compared to the last year’s volume of 1.12 million, its volume of 1.32 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 11.31%. Additionally, its Average True Range was 1.91.

During the past 100 days, Canadian National Railway Co’s (CNI) raw stochastic average was set at 1.77%, which indicates a significant decrease from 4.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.94% in the past 14 days, which was higher than the 18.53% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $113.68, while its 200-day Moving Average is $120.90. Nevertheless, the first resistance level for the watch stands at $107.73 in the near term. At $108.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $109.42. If the price goes on to break the first support level at $106.04, it is likely to go to the next support level at $105.38. Should the price break the second support level, the third support level stands at $104.35.

Canadian National Railway Co (NYSE: CNI) Key Stats

The company with the Market Capitalisation of 93.97 billion has total of 629,780K Shares Outstanding. Its annual sales at the moment are 12,466 M in contrast with the sum of 4,167 M annual income. Company’s last quarter sales were recorded 3,013 M and last quarter income was 795,310 K.