CNI - Canadian National Railway Company
| Previous Close | 93.14 |
| Open | 93.33 |
| Bid | 93.65 x 800 |
| Ask | 93.67 x 1000 |
| Day's Range | 93.07 - 94.12 |
| 52 Week Range | 70.36 - 94.12 |
| Volume | 839,334 |
| Avg. Volume | 1,037,980 |
| Market Cap | 68.03B |
| Beta (3Y Monthly) | 1.04 |
| PE Ratio (TTM) | 15.95 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.60 (1.79%) |
| Ex-Dividend Date | 2019-03-07 |
| 1y Target Est | N/A |
- Benzinga•2 days ago
A Little Diesel Helps Lion8 Electric Truck Conquer The Cold
If we don't, then we lose 40 to 45 percent," said Marc Bédard, the president of the Lion8's manufacturer, Lion Electric. Lion Electric president Marc Bédard says the lion8 is designed to be a workhorse for urban deliveries.
- Benzinga•4 days ago
Canadian National, Regulator Spar Over Breaching Service Obligations
Canadian National (NYSE: CNI) plans to appeal a determination by a federal regulator that the railway breached rail service obligations last fall at the congestion-prone Port of Vancouver. The Canadian Transportation Agency (CTA) found that CNI breached its level of service obligations because CNI said in September 2018 that it would impose embargoes on wood pulp shipments. CTA contends this was several months before rail congestion actually emerged at the Port of Vancouver, according to an April 15 statement.
- InvestorPlace•7 days ago
FedEx Stock Is a Strong Buy Under $200
Just a year ago, FedEx (NYSE:FDX) stock was flying high, even reaching $270 per share at one point. Since then, however, FDX stock has been grounded. Economic concerns have investors fleeing FedEx and some other transportation stocks.However, not all transports have been hit equally. In fact, some of the rails, like Union Pacific (NYSE:UNP) and Canadian National Railway (NYSE:CNI) are making fresh 52-week highs. This sets up an interesting pair trade opportunity to sell the rails and buy the truck and air delivery service competitors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut first, what has gone wrong for Fedex stock? Slowing Economic OutlookOver the past three quarters, FedEx has lowered its FY '19 guidance from a starting point of $17.50 into the $16s, and now, of the latest update, just $15.50. That's an 11% decline for this year's outlook in a relatively brief period of time. The guidance range for Q4 remains fairly wide as well, suggesting that management is not confident on how this quarter will turn out.The company blamed several factors for the dramatic slowdown in the earnings outlook. The most important of these appears to be international markets. Non-U.S. revenues failed to come in like FedEx had been expecting. Regardless, management is still upbeat for fiscal year 2020, which kicks off in June of this year. * 10 Stocks That Are Screaming Buys Right Now Some of this is hard to predict. The trade war, for example, has undoubtedly pressured FedEx's business. Many analysts still expect positive developments on this front within the next couple months. In fact, much of the recent stock market rally has been built on rumors that a China-U.S. deal is drawing near. However, FedEx's results could remain choppy for a bit until a more global economic upswing takes root. Big OverreactionThe crux of the matter here, however, is that the market has drastically overreacted. The company cut 2019 guidance by around 10% and the stock lost more than a third of its value. That's a highly disproportionate response to the news. That said, you can see why the market reacted this way. FedEx cut guidance each of the last two quarters, rather than delivering all the bad news at once, giving the impression that things are steadily worsening.Still, the overall magnitude of the drop shouldn't be exaggerated. On top of that, economic indicators should start picking up again. The Fed has pivoted from a strongly hawkish position back to neutral. Letting easier credit into the economy should help consumer confidence, and thus enable FedEx's business to pick up.It's also important to remember that FedEx has tremendous franchise value due to its powerful brand and entrenched infrastructural advantages. The value of the business doesn't swing 30% in a year simply because it delivers fewer packages. FDX stock is sharply overreacting to minor economic swings that most people will forget within a couple of years. Cheap Versus the RailsThe railroad stocks are looking rather expensive at the moment. Most of the sector is trading at or near new 52-week highs and sporting fairly lofty price-to-earnings ratios for a typically sedated sector. Canadian National Railway is at 21x trailing, 18x forward earnings, for example. Union Pacific is at 21x trailing and 17x forward earnings. CSX (NYSE:CSX) is at 20x and 16x, respectively. Against that backdrop, FDX stock really pops at 16x trailing and 12x forward earnings, and that's even after the stock rallied from $170 to $195 recently.It simply doesn't make a whole lot of sense intuitively that FedEx is doing so poorly while the rails are experiencing boom times. Sure, railroads tend to carry more commodity goods, whereas FedEx has more retail and consumer traffic. Still, though, as the economy goes, if consumers aren't buying as much stuff, the demand for raw commodities will drop as well. Transports tend to trade together as a sector; it's unlikely that FedEx stock can continue to drastically underperform the rails for long. * 7 Energy Stocks to Buy as Oil Booms Bears on FDX stock can make one counterargument to this line of reasoning. FedEx acquired TNT Express in 2016, which greatly enhanced its market presence in Europe. The European economy remains among the weakest of the major developed players in the world. You can argue that FedEx is unduly struggling due to its heightened European exposure. That said, the rails have exposure to other economies as well, particularly Canada and China, which are not so hot right now either. It hardly seems fair to blame FedEx's underperformance on non-U.S. exposure. FDX Stock VerdictI personally started buying FDX stock in January at $176 per share, and I've added to my position since then. While another correction to that level would set up an amazing opportunity to take a position in this global freight leader, the current price is still more than fair.FDX stock should trade at $250 or higher based on both comparable earnings of other transportation companies and where FDX stock traded last year. Yes, there was a brief recession scare late last year. But it's over now and the Fed has reopened the cheap money taps again. Don't miss your chance to get on-board with FDX stock before it makes a full recovery.At the time of this writing, Ian Bezek owned FDX stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post FedEx Stock Is a Strong Buy Under $200 appeared first on InvestorPlace.
- Benzinga•12 days ago
Precision Railroading - Is It Real Or Hype?
Market Voices – for a number of market experts. Jim's career spans 21 years with Consolidated Rail Corporation (CONRAIL), 17 years with the rail engineering firm Zeta Tech Associates, 7 years with the State of Illinois Department of Transportation in Chicago urban goods movement research, and two years studying what to do with the seven bankrupt and unrecognizable Northeast railroads at the federal agency USRA. Six of the major North American freight railroads begin reporting their first quarter 2019 results in the near-term.
- Benzinga•12 days ago
Canadian National Lays Out Capital Investments For US Operations
Canadian National (NYSE: CNI ) yesterday unveiled plans to invest US$505 million in capital projects along its U.S. corridor spanning from Wisconsin to Louisiana. In Illinois, CNI plans to spend $190 ...
- Motley Fool•13 days ago
3 Stocks to Hold for the Next 20 Years
These companies have what it takes to go the distance.
- Benzinga•18 days ago
Canadian National Lays Out $615 Million Capital Plan For Eastern Provinces
Canadian National (NYSE: CNI) laid out plans to invest C$615 million this year in network infrastructure in eastern Canada amid wider efforts by stakeholders to revamp Canada's transportation infrastructure and support the nation's export markets. The railway is spending $320 million in Ontario on several expansion projects, including adding capacity near CNI's Brampton intermodal terminal by building a satellite intermodal facility, investing in infrastructure and equipment at the Brampton terminal and making improvements at CNI's Toronto auto compound. CNI will also spend $245 million in Quebec, $45 million in New Brunswick and $5 million in Nova Scotia to implement technologies such as autonomous track inspection, distributed air cars and automated inspection portals.
- Benzinga•24 days ago
Canada's Supreme Court Quashes CN Appeal Over Bridge Access
Canada's Supreme Court dismissed an appeal from Canada National Railway (NYSE: CNI) today, forcing it to reopen a century-old bridge to vehicle traffic. The country's highest court ended a long-running legal battle between CN and the city of Thunder Bay. It stems from a 2013 fire at the Saint James Street Swing Bridge, which links Thunder Bay to the Fort William First Nation.
- Zacks•24 days ago
Canadian National (CNI) to Expand Rail Network in Manitoba
Canadian National's (CNI) capital investments are anticipated to drive growth going forward.
- Zacks•27 days ago
Canadian National to Invest $370M in Alberta Rail Network
Canadian National's (CNI) capital investments are anticipated to drive growth going forward.
- Zacks•last month
The Zacks Analyst Blog Highlights: Union Pacific, CSX, Canadian Pacific, Canadian National and Kansas City
The Zacks Analyst Blog Highlights: Union Pacific, CSX, Canadian Pacific, Canadian National and Kansas City
- Zacks•2 months ago
Railroads Perked Up About 2019: Will the Optimism Stay?
The railroad industry seems to be poised well not only in the near term but also in the long haul on the back of robust freight demand fueled by a buoyant U.S. economy.
Market Realist•2 months agoAnalyzing Canadian National’s Rail Traffic Volume in Week 8
US Rail Traffic: Downtrend Continued for the Fifth Week(Continued from Prior Part)Rail trafficCanadian National Railway (CNI) reported 0.3% YoY (year-over-year) total traffic volume decline in week 8. The company moved 109,418 railcars—compared to
Market Realist•2 months agoNorfolk Southern: Weak Carloads Impacted Its Rail Traffic
US Rail Traffic: Downtrend Continued for the Fifth Week(Continued from Prior Part)Weak carload traffic Norfolk Southern’s (NSC) rail freight traffic fell 1.4% YoY (year-over-year) in week 8. The company hauled 149,421 railcars during week 8—down
- Markit•2 months ago
See what the IHS Markit Score report has to say about Canadian National Railway Co.
Canadian National Railway Co NYSE:CNIView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort 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 flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold CNI had net inflows of $1.20 billion over the last one-month. Economic sentimentPMI by IHS Markit | NeutralAccording 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 worthinessCredit default swap | NegativeThe 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.
- Market Realist•2 months ago
Norfolk Southern: Investors’ Industry Favorite in 2019
Norfolk Southern: Investors' Industry Favorite in 2019Norfolk Southern outperformed peersNorfolk Southern (NSC) has been investors’ industry favorite since the beginning of 2019. The stock has risen 21.3% YTD (year-to-date). Norfolk Southern has
- Market Realist•2 months ago
Analyzing Kansas City Southern’s Rail Traffic in Week 7
Weakness in US Rail Traffic Persisted for the Fourth Week(Continued from Prior Part)Weak intermodal traffic Kansas City Southern’s (KSU) reported rail traffic volumes declined for the sixth consecutive week. The company moved 42,160 railcars in
Market Realist•2 months agoNorfolk Southern: Weak Carload Performance in Week 7
Weakness in US Rail Traffic Persisted for the Fourth Week(Continued from Prior Part)Weak carload trafficNorfolk Southern’s (NSC) rail freight traffic fell 3.4% YoY (year-over-year) in week 7. The company hauled 147,531 railcars during week
Market Realist•2 months agoCanadian Pacific Had the Worst Performance in Week 7
Weakness in US Rail Traffic Persisted for the Fourth Week(Continued from Prior Part)Rail trafficCanadian Pacific Railway’s (CP) total rail traffic fell 8.5% YoY (year-over-year) to 46,447 railcars in week 7 from 50,787 railcars in the same week in
Market Realist•2 months agoCSX: Rail Traffic Growth Continued for the Second Week
Weakness in US Rail Traffic Persisted for the Fourth Week(Continued from Prior Part)Rail trafficCSX’s (CSX) total rail traffic volumes rose 1% YoY (year-over-year) to 122,833 units in week 7. The company’s rail volumes improved for the second
Market Realist•2 months agoStrong Carload Growth Drove Canadian National’s Rail Traffic
Weakness in US Rail Traffic Persisted for the Fourth Week(Continued from Prior Part)Carloads drove overall rail trafficCanadian National Railway (CNI) reported the highest rail traffic volume growth in week 7. The company hauled 105,743 railcars
- Market Realist•2 months ago
Weakness in US Rail Traffic Persisted for the Fourth Week
Weakness in US Rail Traffic Persisted for the Fourth WeekUS rail traffic fell againThe weakness in US rail traffic continued for the fourth consecutive week. On February 21, the AAR (Association of American Railroads) reported that the overall
- Reuters•2 months ago
Clean-up ongoing at site of Manitoba train derailment
Canadian National Railway Co on Monday said its environmental experts are continuing the clean-up of a site in Western Canada where one of its trains derailed on Saturday. Thirty-seven tank cars derailed ...
- Zacks•2 months ago
Can Freight Railroad Industry Maintain Momentum in 2019?
The robust financial health of railroads bears testimony to the fact that the scenario has improved considerably for players in this industry despite coal-related headwinds.
- Zacks•2 months ago
Near-Term Outlook for Railroad Industry Looks Promising
Near-Term Outlook for Railroad Industry Looks Promising
