Canadian National Railway Company (CNI) Performance and Fundamentals Dashboard tells a completely different story

Canadian National Railway Company (NYSE: CNI) stock fell -2.04% on Friday to $114.45 against a previous-day closing price of $116.83. With 1.03 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.1 million shares. During the session, the Railroads company that operates in wider Industrials sector, reached to the highest price of $116.97 whereas the lowest price it dropped to was $114.42. The 52-week range on CNI shows that it touched its highest point at $137.19 and its lowest point at $106.61 during that stretch. It currently has a 1-year price target of $124.18. With its current market cap of 80.93 billion, CNI has annualized dividend of $2.23 while the current yield stands at 1.95%. Beta for the stock currently stands at 0.86.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNI was down-trending over the past week, with a drop of -4.54%, but this was down by -8.30% over a month. Three-month performance surged to 4.12% while six-month performance fell -14.17%. The stock lost -0.75% in the past year, while it has lost -6.85% so far this year. A look at the trailing 12-month EPS for CNI yields 5.51 with Next year EPS estimates of 5.29. For the next quarter, that number is 1.16. This implies an EPS growth rate of 43.50% for this year and 17.00% for next year. EPS is expected to grow by 8.53% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.10%.

Float and Shares Shorts:

At present, 690.00 million CNI shares are outstanding with a float of 680.88 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.63 million, which was 0.82% higher than short shares on Jun 14, 2022. In addition to Mr. Ghislain Houle as the firm’s Exec. VP & CFO, Mr. Robert E. Reilly serves as its Exec. VP & COO.

Institutional Ownership:

Through their ownership of 71.46% of CNI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.86% of CNI, in contrast to 33.06% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CNI with 8.02% of the stake, Bill & Melinda Gates Foundation T holds 54,826,786 shares worth 54,826,786. A second-largest stockholder of CNI, TCI Fund Management Ltd., holds 36,699,825 shares, controlling over 5.37% of the firm’s shares. Massachusetts Financial Services is the third largest shareholder in CNI, holding 23,177,753 shares or 3.39% stake. With a 1.72% stake in CNI, the Caisse de Dépôt & Placement du Qu is the largest stakeholder. A total of 11,723,003 shares are owned by the mutual fund manager. The Vanguard Dividend Growth Fund, which owns about 1.34% of CNI stock, is the second-largest Mutual Fund holder. It holds 9,141,864 shares valued at 1.09 billion. Vanguard Total International Stoc holds 1.18% of the stake in CNI, owning 8,075,732 shares worth 960.29 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNI since 31 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 20 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 3 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CNI analysts setting a high price target of $202.88 and a low target of $135.86, the average target price over the next 12 months is $164.86. Based on these targets, CNI could surge 77.27% to reach the target high and rise by 18.71% to reach the target low. Reaching the average price target will result in a growth of 44.05% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CNI will report FY 2022 earnings on 01/24/2023. Analysts have provided yearly estimates in a range of $7.55 being high and $7.00 being low. For CNI, this leads to a yearly average estimate of $7.25. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Canadian National Railway Company surprised analysts by $0.12 when it reported $1.50 EPS against a consensus estimate of $1.37. The surprise factor in the prior quarter was -$0.06. Based on analyst estimates, the high estimate for the next quarter is $2.08 and the low estimate is $1.86. The average estimate for the next quarter is thus $1.98.

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