24-Apr-2024
U.S. weekly rail traffic rises 0.8% year-over-year
Seeking Alpha News (Wed, 24-Apr 3:24 PM ET)
CIBC Remains a Hold on Canadian National Railway (CNI)
TipRanks (Wed, 24-Apr 11:15 AM ET)
TipRanks (Wed, 24-Apr 7:30 AM ET)
TipRanks (Wed, 24-Apr 7:21 AM ET)
TipRanks (Wed, 24-Apr 7:10 AM ET)
TipRanks (Wed, 24-Apr 6:50 AM ET)
Buy Rating Affirmed for Canadian National Railway on Strong Performance and Growth Outlook
TipRanks (Wed, 24-Apr 5:39 AM ET)
Canadian National Railway (CNI) Receives a Sell from Goldman Sachs
TipRanks (Tue, 23-Apr 7:45 PM ET)
Canadian National Railway declares CAD 0.845 dividend
Seeking Alpha News (Tue, 23-Apr 4:50 PM ET)
CN Optimistic Despite Q1 Earnings Dip
TipRanks (Tue, 23-Apr 4:37 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 24, 2024, CNI stock price declined to $122.86 with 2,173,071 million shares trading.
CNI has a beta of 0.94, 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 $78.72 billion. This is considered a Large Cap stock.
Last quarter Canadian National Railway Company reported $3 billion in Revenue and $1.28 earnings per share. This beat revenue expectation by $52 million and exceeded earnings estimates by $.03.
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, DIHP, TMFG, PID.
CNI has underperformed the market in the last year with a price return of +1.8% while the SPY ETF gained +24.2%. CNI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.8% and -6.2%, respectively, while the SPY returned +4.6% and -2.7%, respectively.
CNI support price is $128.06 and resistance is $130.74 (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.