Canadian National Railway Co. (NYSE: CNI) Becomes The New Buzzing Stock: Sports A Monthly Volatility Of 1.48%

Canadian National Railway Co. (NYSE:CNI) does about 942.79K shares in volume on a normal day but saw 1735964 shares change hands in Monday trading. The company now has a market cap of 79.09B USD. Its current market price is $124.31, marking an increase of 0.15% compared to the previous close of $124.12. The 52 week high reached by this stock is $134.02 whilst the lowest price level in 52 weeks is $103.96.

Canadian National Railway Co. (CNI) has a 20-day trading average at $125.96 and the current price is -7.25% off the 52-week high compared with 19.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $126.69 and its 200-day simple moving average is $120.84. If we look at the stock’s price movements over the week, volatility stands at 1.26%, which increases to 1.48% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 44.90 to suggest the stock is neutral.

The consensus objective for the share price is $139.75, suggesting that the stock has a potential upside of 11.05% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 07, 2024 when Wells Fargo initiated the stock to “Equal Weight” and issued a price target of $130. BofA Securities upgraded the stock to “Buy” from Neutral on April 10, 2024 at a price target of $140-$145. Jefferies initiated its price target at $130.

Canadian National Railway Co. (CNI) stock is down -1.27% over the week and -2.31% over the past month. Its price is -1.05% year-to-date and 7.98% over the past year.

To reach the target analysts have set, the stock logically needs to grow 11.05 percent from here.

The company has a return on investment of 11.83% and return on equity of 24.74%. The price to earnings ratio (P/E ratio) amounts to 18.54 while the forward price to earnings ratio is 18.96. The beta has a value of 0.91. Price to book ratio is 3.99 and price to sales ratio is 5.85.