Canadian National Railway Co (NYSE: CNI). Extremely significant positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Minimal positive changes in Canadian National Railway Co (NYSE: CNI) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CNI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Canadian National Railway has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Canadian National Railway has a poor Appreciation Score of 23 but a neutral Power Rating of 53, resulting in the Negative Value Trend Rating.
Recent Price Action
Canadian National Railway Co (NYSE: CNI) stock rose modestly by 0.5% on 12/6/23. The stock closed at $117.81. However, this advance was accompanied by unusually low trading volume at 60% of normal. The stock has performed in line with the market over the last nine months and has risen 4.3% during the last week.
Be the first to comment