Investors Bet Canadian Stocks Have Room to Rally on Value Play [Business News Network (BNN) (Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
Check Earnings Report
US:NYSE Investor Relations:
cn.ca/en/investors
Company Research
Source: Business News Network
The S&P/TSX Composite Index is trading near its cheapest level on record relative to the S&P 500 Index after getting caught up in the global stock rout. That's emerging as a catalyst for gains, especially since looming interest-rate hikes and surging commodity prices benefit the value-heavy national equity benchmark. Canadian stocks are below their five-year average valuation at about 14.1 times, and creeping toward levels as low as Japan's Tokyo Stock Exchange Tokyo Price Index -- known for its low multiples. After years of soaring technology stocks, the growth-heavy S&P 500 Index, by contrast, is trading at 19.2 times forward earningsTK. “Canadian equities remain a strong relative value play within global markets, with 2022 likely positioned to see expanded reopening of the economy that should result in another year of record earnings and one of the strongest dividend growth cycles in decades,” Bank of Montreal Chief Investment Strategist Brian Belski said in a note. He expects
Show less
Read more
Impact Snapshot
Event Time:
CNI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CNI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CNI alerts
High impacting Canadian National Railway Company news events
Weekly update
A roundup of the hottest topics
CNI
News
- What's in Store for Canadian National (CNI) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Bill Gates Is Raking In Over $1.26 Million Per Day In Dividend Income. Here Are The 5 Stocks Paying Him The Most [Yahoo! Finance]Yahoo! Finance
- Canadian National Railway (NYSE: CNI) had its price target raised by analysts at Stifel Nicolaus from $121.00 to $134.00. They now have a "hold" rating on the stock.MarketBeat
- Canadian National Railway (NYSE: CNI) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Canadian National Railway (NYSE: CNI) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $145.00 price target on the stock, up previously from $140.00.MarketBeat
CNI
Earnings
- 1/23/24 - Beat
CNI
Sec Filings
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- 4/2/24 - Form 6-K
- CNI's page on the SEC website