U.S. Markets close in 2 hrs 54 mins

See what the IHS Markit Score report has to say about Canadian National Railway Co.

IHS Markit

Canadian National Railway Co

NYSE:CNI

Score: Negative (17)

19 days at current score.

Downgraded from Neutral on September 20th 2018

View full report here!

Summary


  • This company ranked negatively compared to the Industrials sector despite 2 positive IHS Markit Categories
  • Perception of the company's creditworthiness is negative
  • ETFs holding this stock are seeing positive inflows
  • Bearish sentiment is low


Bearish sentiment

Short interest | Positive

Short interest is extremely low for CNI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CNI.

Money flow

ETF/Index ownership | Positive

ETF activity is positive. Over the last month, ETFs holding CNI are favorable, with net inflows of $2.82 billion. Additionally, the rate of inflows is increasing.

Economic sentiment

PMI by IHS Markit | Neutral

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator. CNI credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.

Please send all inquiries related to the report to score@ihsmarkit.com.

Charts and report PDFs will only be available for 30 days after publishing.

This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.