Shares of rail companies are taking a hit as investors express concerns over economic instability. Reports indicate that four districts have noted flat activity, while two have cited declines, leading to slowing demand. This trend is being blamed for higher interest rates and inflation.
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Unfortunately, these economic issues may only be the tip of the iceberg. As the Federal Reserve continues tightening monetary policy to combat inflation, the US economy is expected to slow down. This expected slowdown threatens the stability of the financial sector.
This instability has resulted in a mixed performance for significant indexes over the week. Investors are understandably cautious, as it’s unclear how the current economic climate will evolve in the coming days and weeks.
CNI Stock Performance: Analyzing the Numbers
On March 17, 2023, CNI’s stock opened at 118.72, slightly higher than its previous close of 118.49. Throughout the day, the stock’s price fluctuated between 115.11 to 118.75, with a volume of 1,170,492 shares traded. The company’s average volume over the past three months was 1,043,434, and its market cap stood at $77.9B.
Regarding growth and valuation, CNI’s earnings growth over the past year was at 4.00%, and for this year, it’s at 5.21%. Analysts forecast the company’s earnings growth over the next five years will be 3.64%. CNI’s revenue growth over the past year was at 13.80%.
In terms of valuation ratios, CNI doesn’t have a P/E balance. However, its price/sales ratio is at 6.22, and its price/book ratio is at 4.91.
CNI’s railroad industry competitors, including Canadian Pacific Railway, CSX Corp, Norfolk Southern, and Union Pacific, experienced losses in their stock prices on the same day. CNI’s shares did not experience a significant change.
Moving on to financials, CNI’s next reporting date is April 25, 2023. Analysts forecast that the company’s earnings per share (EPS) for this quarter will be $1.69. CNI’s annual revenue for the previous year was $13.1B, and its annual profit was $3.9B. The company’s net profit margin was 29.92%.
CNI is a transportation company that operates in the railroad industry. Although the company had no executives to display, it’s headquartered in Montreal, Quebec.
Based on these numbers, analysts forecast a positive outlook for CNI’s future. The company has been showing steady growth, and its financials have been promising. Investors will watch for the following earnings report to see if CNI continues to meet or exceed expectations.
CNI Stock Price Overview
Canadian National Railway Co. (CNI) is a major transportation company that operates a rail network in Canada and the United States. It is one of the largest railroads in North America, with a market capitalization of over $80 billion. In this article, we will discuss the recent performance of CNI’s stock based on the information provided in the Stock Price Forecast and Analyst Recommendations.
According to the Stock Price Forecast, the 12-month median target for CNI’s stock price is $131.08, with a high estimate of $157.48 and a low estimate of $109.33. This represents a potential increase of 13.74% from the current stock price of $115.24. The forecast is based on estimates from 18 analysts who follow CNI’s stock.
Investors should note that stock price forecasts are not guarantees of future performance, and many factors can impact a stock’s performance. However, the fact that analysts have a positive consensus regarding CNI’s stock price is generally viewed as a positive sign by investors.
According to the Analyst Recommendations, the current consensus among 33 polled investment analysts is to hold stock in CNI. This rating had held steady since February when it was unchanged from a hold rating.
Investors should note that analyst recommendations are not guarantees of future performance, and investors should always conduct their research before making investment decisions. However, the fact that there is a consensus among analysts to hold CNI’s stock suggests that there is not a significant downside risk to investing in the company.