Canadian National Railway (CNI, Financial) experienced a notable stock price fluctuation with a 2.36% decline. The stock is currently priced at $99.98, with a trading volume of 854,994 shares and a turnover rate of 0.14%. The stock's amplitude is recorded at 1.87%. Recent financial reports indicate that CNI achieved a revenue of $3.013 billion, a net profit of $795 million, and earnings per share of $1.26. The gross profit stood at $1.287 billion, and the price-to-earnings ratio is 16.00.
In terms of analyst ratings, 47% of the 32 institutions covering the stock recommend a buy, 50% suggest holding, and 3% advise selling. Within the railway industry, the overall decline was 1.98%. Notable performers in related stocks include Rail Vision Ltd C/Wts, Rail Vision Ltd., and Greenbrier, with significant activity and turnover rates of 37.39%, 1.39%, and 0.45%, respectively. The stocks also showed amplitude variations, with Rail Vision Ltd C/Wts at 66.67%, Rail Vision Ltd. at 16.78%, and Greenbrier at 7.28%.
Canadian National Railway spans the Canadian east and west coasts, extending through Chicago to the Gulf of Mexico. In 2023, it generated CAD 16.8 billion in revenue from intermodal containers, oil and chemicals, grain and fertilizers, forestry products, metals and mining, automotive shipments, and coal.
Jefferies Investment Bank recently upgraded Canadian National Railway's rating from hold to buy, setting a target price of $120, which significantly impacted the stock's movement.
