22-Apr-2024
Canadian National Railway Q1 2024 Earnings Preview
Seeking Alpha News (Mon, 22-Apr 5:35 PM ET)
Notable earnings after Tuesday's close
Seeking Alpha News (Mon, 22-Apr 5:35 PM ET)
Benzinga (Sun, 21-Apr 5:45 PM ET)
CN announces Remi Lalonde as chief commercial officer
Seeking Alpha News (Thu, 18-Apr 4:37 PM ET)
CN Announces Remi G. Lalonde as Chief Commercial Officer
Globe Newswire (Thu, 18-Apr 4:30 PM ET)
Globe Newswire (Fri, 5-Apr 7:00 AM ET)
CN to Report First-Quarter 2024 Financial and Operating Results on April 23, 2024
Globe Newswire (Wed, 3-Apr 9:00 AM ET)
CN files Shelf Prospectus Qualifying the Issuance of Debt Securities
Globe Newswire (Tue, 2-Apr 5:00 PM ET)
CN Releases New Indigenous Policy in Support of its Commitment to Reconciliation
Globe Newswire (Tue, 26-Mar 7:00 AM ET)
The Milton Logistics Hub is Critical to North American Supply Chains
Globe Newswire (Mon, 4-Mar 12:30 PM ET)
Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2023, CN generated CAD 16.8 billion in revenue by hauling intermodal containers (23% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (19%), forest products (12%), metals and minerals (12%), automotive shipments (6%), and coal (6%). Other items constitute the remaining revenue.
Canadian National Railway Company trades on the NYSE stock market under the symbol CNI.
As of April 22, 2024, CNI stock price climbed to $129.32 with 916,297 million shares trading.
CNI has a beta of 0.96, meaning it tends to be less sensitive to market movements. CNI has a correlation of 0.37 to the broad based SPY ETF.
CNI has a market cap of $82.86 billion. This is considered a Large Cap stock.
Last quarter Canadian National Railway Company reported $3 billion in Revenue and $1.48 earnings per share. This beat revenue expectation by $55 million and exceeded earnings estimates by $.02.
In the last 3 years, CNI stock traded as high as $137.19 and as low as $100.66.
The top ETF exchange traded funds that CNI belongs to (by Net Assets): FVD, DFAI, TMFG, DIHP, PID.
CNI has underperformed the market in the last year with a return of +7.5%, while the SPY ETF gained +22.3%. In the last 3 month period, CNI fell short of the market, returning +3.0%, while SPY returned +3.9%. However, in the most recent 2 weeks CNI has outperformed the stock market by returning -0.3%, while SPY returned -3.6%.
CNI support price is $126.32 and resistance is $128.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNI stock will trade within this expected range on the day.