Canadian National Railway Co continues to show positive momentum with a notable increase this week.
Canadian National Railway Co (CNR.TO) has experienced a solid performance over the past week, climbing by 2.83%. The stock closed at C$176.08, reflecting a 0.76% increase on the day. This upward trend can be attributed to strong operational metrics and positive market sentiment surrounding the company's logistics capabilities.
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Canadian National Railway Co
CNR.TO
CNR.TO
Canadian National Railway Co
WealthAwesomeMarket cap
$106.88B
P/E
23.2x
52W high
$178.40
52W low
$123.79
1W change
+2.83%
Beta
1.00
Analyst Price Targets
Based on analyst covering CNR
Wall Street analysts forecast CNR stock price to fall 4.1% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$170.26
-4.1% Upside
Current Price
C$177.53
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CNR's historical volatility
30-Day Vol
18.0%
Annualized
90-Day Vol
23.5%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$212.24
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$188.42 | C$177.07 โ C$200.50 |
| 60 trading days | C$199.97 | C$183.15 โ C$218.34 |
| 90 trading days | C$212.24 | C$190.58 โ C$236.36 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: With a robust profit margin and a solid return on equity, Canadian National Railway Co remains a key player in the industrial sector. Investors may want to keep an eye on the company's performance relative to its 52-week range and its ongoing operational efficiency.
CNR's stock price has increased by 28.85% year-to-date.
The stock has shown resilience with a steady increase in price over the last month, indicating strong investor confidence.
Bull case
The company has seen strong export demand for grain, with record volumes reported in June. This suggests a healthy demand for its services and reinforces its position in the market.
Bear case
Despite these positive trends, the stock is currently trading close to its 52-week high of C$178.40, which may raise concerns about overvaluation in the short term.
Recent Performance
Canadian National Railway Co's stock has been on an upward trajectory, gaining 2.83% this week and 6.64% over the past month. Year-to-date, the stock has risen an impressive 28.85%. This performance indicates strong investor confidence and aligns with the company's operational successes.
Company News
Recent headlines highlight Canadian National's record grain volumes in June, signaling robust export demand. The company's focus on enhancing its logistics capabilities, particularly in energy logistics with record propane shipments, further strengthens its operational framework. These developments suggest that Canadian National is capitalizing on market opportunities, which could bode well for future performance.
Technical Picture
As of the last close at C$176.08, Canadian National Railway's stock is trading significantly above its 50-day moving average of C$162.69 and its 200-day moving average of C$145.06, reflecting a bullish trend. The stock has a 52-week range of C$123.79 to C$178.40, indicating it is currently near the upper end of this range. With a beta of 1.00, the stock's volatility is in line with the overall market, and the current trading volume of 231,139 shares is below the 20-day average of 1,539,543 shares.
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