Stocks

What's Going On With Canadian National Railway Co Stock Monday?

By Wealth Awesome Newsroom -
Stocks & ETFs:CNR.TO
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Canadian National Railway Co continues to show robust performance amidst strong operational metrics.

This week, Canadian National Railway Co (CNR.TO) has seen a positive price movement, closing at C$178.11, reflecting a 2.70% increase over the past week. With a year-to-date gain of 31.33%, CNR is demonstrating resilience and growth in the current market environment.

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Canadian National Railway Co

CNR.TO

Full stock page โ†’

CNR.TO

Canadian National Railway Co

Source:WealthAwesomeWealthAwesome
โ†‘ $44.41 (33.22%)
120 day period
$130.79$155.87$180.94Jan 28Apr 24Jul 20

Market cap

$108.04B

P/E

23.5x

52W high

$181.80

52W low

$123.79

1W change

+0.33%

Beta

1.00

Analyst Price Targets

Based on analyst covering CNR

๐Ÿ“‰

Wall Street analysts forecast CNR stock price to fall 0.2% over the next 12 months.

Consensus

Neutral

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$177.79

-0.2% Upside

Current Price

C$178.11

Last close

Analyst ratings and price targets are updated periodically. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on CNR's historical volatility

HistoricalForecast68%95%
C$131.39C$161.07C$190.76C$220.45C$250.14C$279.82TodayMar 12May 15Jul 20Sep 1Oct 15Nov 27

30-Day Vol

20.4%

Annualized

90-Day Vol

23.2%

Annualized

Trend (90d)

+50.0%

Annualized drift

90d Mean

C$212.93

Expected price

HorizonExpected68% Range (1ฯƒ)
30 trading daysC$189.03C$176.20 โ€“ C$202.81
60 trading daysC$200.63C$181.63 โ€“ C$221.61
90 trading daysC$212.93C$188.51 โ€“ C$240.52

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯƒ, 95% band = ยฑ2ฯƒ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

Investor takeaway: Investors may find CNR appealing with its strong operational performance and solid fundamentals, although current analyst targets suggest limited upside potential.

CNR's Stock Shows Strong Year-to-Date Performance

With a year-to-date increase of 31.33%, CNR is outperforming many of its peers in the industrials sector.

Bull case

CNR's record grain volumes indicate strong export demand, which could boost future revenues and reinforce its reputation as a reliable dividend stock.

Bear case

Despite the positive performance, the stock is approaching its 52-week high, which might limit short-term growth potential, as indicated by analyst targets.

Recent Price Action

Canadian National Railway Co (CNR.TO) has experienced a positive trajectory in its stock price, closing at C$178.11, marking a 0.43% increase for the day and a 2.70% rise over the past week. The stock has gained 12.41% in the last month and is up 31.33% year-to-date, highlighting a strong performance amidst favorable market conditions.

Company News and Catalysts

Recent headlines surrounding CNR include reports of record grain volumes, signaling strong export demand. This operational success reflects positively on the company's performance, as seen in articles highlighting CNR's ability to strengthen its network with these volumes. Additionally, CNR is recognized as a favorable dividend stock, appealing to income-focused investors. These factors contribute to the overall positive sentiment around the stock.

Technical Picture

From a technical standpoint, CNR is trading significantly above its moving averages, with the 50-day moving average at C$165.33 and the 200-day moving average at C$146.26, indicating a healthy upward trend. The stock is currently priced at 94% of its 52-week range of C$123.79 to C$181.52, demonstrating its strong performance relative to its historical price levels. The beta of 1.00 suggests that the stock moves in line with the broader market, while the current trading volume of 1,219,469 shares is slightly below the 20-day average of 1,365,567 shares, indicating steady interest.

Price Action Summary

As of the latest close, CNR.TO stands at C$178.11, reflecting a 1D change of +0.43%. Investors will want to keep an eye on how the stock performs in light of its recent operational successes and the broader market conditions.


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