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NYSE:CNI

Canadian National Railway (CNI) Stock Price, News & Analysis

$117.00
-2.04 (-1.71%)
(As of 09/18/2024 ET)

About Canadian National Railway Stock (NYSE:CNI)

Key Stats

Today's Range
$116.85
$119.16
50-Day Range
$110.13
$123.63
52-Week Range
$103.96
$134.02
Volume
1.37 million shs
Average Volume
1.09 million shs
Market Capitalization
$73.68 billion
P/E Ratio
18.66
Dividend Yield
2.09%
Price Target
$124.04
Consensus Rating
Hold

Company Overview

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks. It offers trucking services, such as door-to-door services, import and export dray, interline services, and specialized services, comprising flatbed trucks, on-deck mobile transport trays, expedited cargo, and permit/overweight services; and supply chain services. It serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, consumer goods, and third party logistics applications. The company operates a rail network of approximately 20,000 route-miles of track and shipping spanning. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.

Canadian National Railway Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 81st Percentile

Canadian National Railway scored higher than 81% of companies evaluated by MarketBeat, and ranked 36th out of 132 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Canadian National Railway has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 2 buy ratings, 15 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Canadian National Railway has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Canadian National Railway's stock forecast and price target.
  • Earnings Growth

    Earnings for Canadian National Railway are expected to grow by 13.80% in the coming year, from $5.58 to $6.35 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Canadian National Railway is 18.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.09.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Canadian National Railway is 18.66, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.18.

  • Price to Earnings Growth Ratio

    Canadian National Railway has a PEG Ratio of 2.56. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Canadian National Railway has a P/B Ratio of 5.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Canadian National Railway's valuation and earnings.
  • Percentage of Shares Shorted

    0.51% of the float of Canadian National Railway has been sold short.
  • Short Interest Ratio / Days to Cover

    Canadian National Railway has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Canadian National Railway has recently increased by 36.84%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Canadian National Railway pays a meaningful dividend of 2.03%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Canadian National Railway does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Canadian National Railway is 39.08%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Canadian National Railway will have a dividend payout ratio of 38.58% next year. This indicates that Canadian National Railway will be able to sustain or increase its dividend.

  • Read more about Canadian National Railway's dividend.
  • Percentage of Shares Shorted

    0.51% of the float of Canadian National Railway has been sold short.
  • Short Interest Ratio / Days to Cover

    Canadian National Railway has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Canadian National Railway has recently increased by 36.84%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Canadian National Railway has a news sentiment score of -0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 44 news articles for Canadian National Railway this week, compared to 8 articles on an average week.
  • Search Interest

    5 people have searched for CNI on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Canadian National Railway to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Canadian National Railway insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.40% of the stock of Canadian National Railway is held by insiders.

  • Percentage Held by Institutions

    80.74% of the stock of Canadian National Railway is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Canadian National Railway's insider trading history.

CNI Stock News Headlines

Train cars are seen on the tracks in an aerial view at Canadian National Rail's Thornton Yard as th…
Workers at Canadian National Railway Co. will start returning to work Friday, union says
The union representing workers at Canadian National Railway Co. says they will begin returning to work Friday
Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
CN Announces US$750 Million Debt Offering
Why Bill Gates Has Held These 3 Stocks for So Long
Bill Gates Has 70% of His Portfolio In Just 3 Stocks
See More Headlines

CNI Stock Analysis - Frequently Asked Questions

Canadian National Railway's stock was trading at $125.63 at the beginning of 2024. Since then, CNI shares have decreased by 6.9% and is now trading at $117.00.
View the best growth stocks for 2024 here
.

Canadian National Railway (NYSE:CNI) announced its earnings results on Tuesday, July, 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts' consensus estimates of $1.93 by $0.09. The firm's revenue was up 6.7% compared to the same quarter last year.

Canadian National Railway subsidiaries include these companies: TransX, Grand Trunk Corporation, Grand Trunk Western Railroad Company, Illinois Central Corporation, Illinois Central Railroad Company, North American Railways Inc., and Wisconsin Central Ltd.

Canadian National Railway's top institutional shareholders include Massachusetts Financial Services Co. MA (2.35%), Bank of New York Mellon Corp (2.09%), TD Asset Management Inc (1.82%) and 1832 Asset Management L.P. (1.49%).
View institutional ownership trends
.

Shares of CNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Canadian National Railway investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Canadian National Railway (CNR), Chipotle Mexican Grill (CMG), Micron Technology (MU), NVIDIA (NVDA) and Walt Disney (DIS).

Company Calendar

Ex-Dividend for 6/28 Dividend
6/07/2024
Dividend Payable
6/28/2024
Last Earnings
7/23/2024
Ex-Dividend for 9/27 Dividend
9/06/2024
Today
9/18/2024
Dividend Payable
9/27/2024
Next Earnings (Confirmed)
10/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Railroads, line - haul operating
Sub-Industry
Transportation
Employees
24,987
Year Founded
1919

Price Target and Rating

Average Stock Price Target
$124.04
High Stock Price Target
$146.00
Low Stock Price Target
$83.00
Potential Upside/Downside
+6.0%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
18 Analysts

Profitability

Net Income
$4.17 billion
Pretax Margin
36.74%

Debt

Sales & Book Value

Annual Sales
$12.47 billion
Cash Flow
$7.38 per share
Book Value
$23.15 per share

Miscellaneous

Free Float
617,233,000
Market Cap
$73.68 billion
Optionable
Optionable
Beta
0.88

Social Links

Should I Buy Canadian National Railway Stock? CNI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 9, 2024. Please send any questions or comments about these Canadian National Railway pros and cons to contact@marketbeat.com.

Canadian National Railway
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Canadian National Railway:

  • Canadian National Railway has a strong net margin of 32.00%, indicating efficient cost management and profitability.
  • The company has a consistent return on equity of 23.58%, showcasing its ability to generate returns for shareholders.
  • With a current dividend yield of 2.13%, investors can benefit from regular income through dividends.
  • Canadian National Railway's stock price is currently at $115.31, potentially offering a good entry point for investors.
  • The company's diversified transportation and logistics business across Canada and the United States provides stability and growth opportunities.

Canadian National Railway
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Canadian National Railway for these reasons:

  • Analysts have recently downgraded the stock rating, indicating potential concerns about future performance.
  • Canadian National Railway recently lowered its dividend payout ratio to 39.07%, which may impact income for dividend-focused investors.
  • The stock price has experienced a 1.7% decline, suggesting short-term volatility and market sentiment.
  • Several analysts have set lower price targets for the stock, signaling potential downside risk in the near term.
  • The company's debt-to-equity ratio of 0.93 may raise concerns about financial leverage and stability.

This page (NYSE:CNI) was last updated on 9/18/2024 by MarketBeat.com Staff
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