How to Buy Canadian National Railway Co Stock
Canadian National Railway Co
Canadian National Railway Co is a railroad company located in Quebec, Canada, which is part of the Industrials sector, and is traded under the ticker CNI on the NYSE exchange.
Canadian National Railway Co stock last closed at $127.16, up 0.1% from the previous day, and has increased 3.68% in one year. It has underperformed other stocks in the Railroads industry by 0.14 percentage points. Canadian National Railway Co stock is currently +22.32% from its 52-week low of $103.96, and -5.12% from its 52-week high of $134.02.
At the moment, there are 643.83M shares of CNI outstanding. The market capitalization of CNI is $81.87B. In the last 24 hours, 678,530 CNI shares were traded.
How to Buy Canadian National Railway Co Stock
Not sure how to invest in Canadian National Railway Co stock? Here's how.
- Decide where to buy Canadian National Railway Co stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Canadian National Railway Co stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your payment method and add your details.
- Research Canadian National Railway Co stock: The Canadian National Railway Co ticker symbol is CNI. Is Canadian National Railway Co stock a good investment? Should you buy shares of CNI? How do CNI's underlying business fundamentals look? Do top analysts think Canadian National Railway Co is a good buy? Why has CNI's stock price moved recently? (Hint: Our stock market analysis website can help you understand if CNI is a good stock to buy).
- Place your CNI trade: Decide if you will purchase CNI shares at the current market price or use a limit order to buy CNI shares at a given price.
- Monitor your investment in CNI: Create a watchlist to key updates about your new investment in Canadian National Railway Co stock.
Step 1: Decide where to buy Canadian National Railway Co stock
You will need a brokerage account to access the NYSE market and buy CNI stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal information so you can buy CNI today.
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Step 3: Deposit funds into your investment account
Now that you have filled out your info on the best beginner stock app, you need to deposit funds:
Check out the walkthrough below for more details transferring money into your new brokerage account.
Step 4: Research Canadian National Railway Co stock
After you have selected the best place to buy Canadian National Railway Co stock, it's crucial to evaluate their stock prior to buying, so you truly understand the risk and upside.
Overview of key CNI info
Fundamentals of Canadian National Railway Co
WallStreetZen was built to help part-time investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on CNI's stock page.
What is the fair value of CNI stock?
Investors use many financial metrics, analyses, models, and charts to gauge CNI's true value.
Using relative valuations ratios:
- CNI could be undervalued based on its P/E ratio of 19.93x, relative to Railroads industry P/E ratio of 23.54x
- CNI could be overvalued based on its P/B ratio of 5.45x, relative to Railroads industry P/B ratio of 4.57x
- CNI may be overvalued based on its PEG ratio of 10.88x
You can do additional valuation analysis on CNI's stock here.
CNI Financial Health Overview
Pros:
- CNI earnings of $5.38B is not enough to cover its interest payments.
- CNI's operating cash flow of $5.20B allows it to safely service it's debt of $14.01B.
- CNI profit margin has gone up from 29.9% to 33.4% in the past year.
Cons:
- There are more short-term liabilities than short-term assets on the CNI balance sheet.
- Total CNI debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the CNI balance sheet.
- CNI has a relatively high debt to equity ratio of 1.62.
Is it a good time to buy Canadian National Railway Co stock, according to analysts?
Out of 10 sell side analysts who give recommendations on CNI, the consensus analyst rating on Canadian National Railway Co is a Hold
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent CNI Analyst Ratings
Ken Hoexter, a top 13% analyst from Bank of America maintains CNI with a hold rating and raises their CNI price target from $131.00 to $140.00, on Mar 21, 2024.
Allison Poliniak Cusic, a top 4% analyst from Wells Fargo maintains CNI with a hold rating and raises their CNI price target from $110.00 to $125.00, on Jan 24, 2024.
Amit Mehrotra, a top 14% analyst from Deutsche Bank downgrades CNI to a hold rating and lowers their CNI price target from $125.00 to $121.00, on Nov 27, 2023.
Christian Wetherbee, a top 5% analyst from Citigroup maintains CNI with a hold rating and raises their CNI price target from $115.00 to $117.00, on Oct 26, 2023.
Tracy Benguigui, a top 25% analyst from Barclays maintains CNI with a hold rating and raises their CNI price target from $109.00 to $113.00, on Oct 25, 2023.
You can dive deeper into what analysts are projecting on the Canadian National Railway Co stock forecast page.
CNI Trading Indicators
CNI Growth Metrics
Last year, CNI earnings were $4.20B. During the last five year, CNI's earnings have gone up by 8.06% per year. This was faster than the Railroads industry average of 5.79%.
Last year, CNI revenue was $12.56B. During the past 5 year, CNI's revenue has increased by 3.59% per year. This was slower than the Railroads industry average of 4.7%.
You can research CNI's earnings and revenue performance here.
Latest Insiders Trades at CNI
In the last year, insiders at CNI have not bought or sold any shares.
Dig into more about who owns CNI shares here.
Does CNI stock generate passive income?
Canadian National Railway Co pays a dividend of 2.04%, compared to the Railroads industry's average dividend yield of 1.94%. If you owned $1,000 worth of CNI stock, you would have been paid $20.42 in the past 12 months.
Canadian National Railway Co dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Canadian National Railway Co dividend yield and history here.
Get analysis from other traders
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Step 5: Place your CNI trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, place a limit order.
Hit the Open Trade button and your broker will execute the order.
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Step 6: Monitor your investment in CNI
Now that you own some shares in CNI, you'll want to stay up-to-date on your investment.
Add CNI to a watchlist to track your CNI stock.
CNI Feed
How to Buy Stock in Canadian National Railway Co
To summarize, here are the 6 steps you need to take to buy Canadian National Railway Co stock right now:
- Decide where to buy Canadian National Railway Co stock
- Create a brokerage account
- Deposit funds into your investment account
- Research Canadian National Railway Co stock
- Place your CNI trade
- Monitor your investment in CNI
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Canadian National Railway Co, add CNI to your watchlist below.
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