Canadian National Railway Stock Price and Overview

Canadian National Railway (CNR) is a giant in the North American freight rail industry, boasting the largest railway network in Canada. They primarily transport various goods across the continent and have a strong track record of performance. In this article we explore CNR's stock performance, financial health, and factors to consider when trading CNR shares.

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KEY TAKEAWAYS

CNR Stock (CN.TO): Publicly traded on the Toronto Stock Exchange (TSX). Recent price swings show an upward trend with some short-term volatility.
Positive Signs: Increased profitability, improved efficiency, EPS growth, and consistent dividends.
Analyst Take: Mostly positive, with recommendations to hold or buy depending on your risk tolerance.

About the Canadian National Railway Stock

Canadian National Railway, also known as CN, is a major player in the North American freight rail industry. CNR has the largest railway network in Canada, spanning the Atlantic to Pacific coasts with over 32,800 kilometers of track.

They also have a significant presence in the Midwestern and Southern United States.Primarily deals with freight transportation, moving various goods like grain, chemicals, and manufactured products. Originally a crown corporation, CNR was privatized in 1995 and is now a public company with over 22,600 employees.

CN Stock (Ticker Symbol: CNR.TO)

Publicly Traded: CN stock is traded on the Toronto Stock Exchange (TSX).
CNR Stock Quote: As of April 8, 2024, CN stock closed at $130.50.
Company Performance: CN has a strong track record with a high aggregate usefulness score (4.8 out of 5) based on various reports.

CN faces competition from Canadian Pacific Railway (CP) for freight services in Canada. Also the company continues to invest in expanding its network and improving efficiency.

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Canadian National Railway Stock Price

Canadian National Railway stock price has seen some interesting swings recently. Let’s take a quick look:

Overall Trend: Looking at the bigger picture, CNR has been on an upward climb. The all-time high was just a few weeks ago on March 20th, 2024, at $181.34.
Recent Fluctuations: In the last week, there have been some dips. As of April 8th, the closing price was $130.50. A 52-week range shows CNR has traded between $103.96 and $134.02.
Short-Term: There seems to be some volatility in the short term. Today, April 10th, the price is up at $177.76.
Long-Term Growth: CNR has shown a generally positive trend over the long term. If you look at a 20-year chart, you'll likely see a steady increase in stock price.

If you're interested in a more detailed historical picture, you can check out Canadian national railway stock price history.

Canadian National Railway Stock Trading

Is CNR Stock a Good Investment?
Well, analysts are generally positive on CNR, but their recommendations vary. Some suggest holding, while others might recommend buying depending on your risk tolerance. Railroad industry is expected to grow moderately, but government regulations can affect profitability. Overall stock market will significantly impact CNR's price. A strong market is good, while a bear market could cause a decline.

CNR's Financial Performance

CNR's net income increased by 9.9% year-over-year, showing good profitability.
The profit margin improved to 33%, indicating more efficient operations.
Earnings per Share (EPS) grew to CA$8.55 per share, which is positive for shareholders.
CNR continued its history of paying dividends, making it attractive for income-seeking investors.

Overall revenue dipped slightly (1.6%) in 2023 compared to 2022. This suggests challenges in some sectors, though profitability increased. To understand this better, you'd want to research the specific reasons behind the revenue decline.

You should also go deeper into CNR's debt situation, it will give you a clearer picture of their financial leverage.

How to Trade CNR Stock

1. Research

Before investing, analyze CNR's financials, industry trends, and relevant news to understand its potential.

2. Open a Brokerage Account

Choose a reputable brokerage firm to buy and sell stocks on exchanges like the Toronto Stock Exchange (TSX) or the New York Stock Exchange (NYSE).

3. Place Orders

Use your broker's platform to place buy or sell orders. There are different order types:

Market order: Buy or sell at the current market price.
Limit order: Buy or sell at a specific price or better.
Stop-loss order: Automatically sell if the stock price falls to a certain point, limiting potential losses.

4. Monitor the Market

Stay informed about news and events that might affect CNR stock quote.

5. Execute Trades

Your broker will execute your orders when conditions are met (e.g., reaching your desired price in a limit order).

6. Manage Your Investment

Track CNR's performance and make informed decisions about holding, buying more, or selling your shares based on your investment goals and risk tolerance.

7. Risk Management

Diversify your portfolio by investing in various assets to spread risk.
Use stop-loss orders to limit potential losses if the stock price falls sharply.
Be prepared for market volatility, as stock prices can fluctuate significantly.

8. Compliance

Understand and comply with regulations governing stock trading in your area, including tax implications and reporting requirements.

Follow these steps, carefully consider CNR's financial health and future prospects, you will succeed no doubt.

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Canadian stock market hours - opens 9:30 AM to 4:00 PM EST weekdays. Knowing these hours matters for trading CNR stock because:

You can only buy/sell during these times.
Most active trading happens early, potentially affecting your order execution.
News might impact CNR's price outside market hours, so knowing when it reopens helps you react.

Basically, market hours limit your action window and news might affect price when you can't act. Be aware of both.

Bottom Line on Canadian National Railway Stock

Canadian National Railway (CNR) is a major player in the North American freight rail industry with a strong track record. CNR stock (CNR.TO) has experienced some volatility recently, but shows a generally positive long-term trend. Analysts are cautiously optimistic about CNR, with some recommending holding and others suggesting a buy depending on your risk tolerance.

While CNR's profitability is increasing, keep an eye on the slight revenue decline and debt situation. Before trading, thoroughly research CNR's financials, industry trends, and relevant news. If you decide to trade CNR stock, follow the steps outlined above to make informed investment decisions. Remember, diversification and risk management are crucial for any trader.