Canadian National Railway Posts Q1 Earnings: A Technical Analysis
Canadian National Railway Company has just released its first quarter results, sending shockwaves through the market. As investors eagerly await the next move, let’s take a closer look at the technical analysis of this major player in the rail industry.
A Year of Price Fluctuations
The stock has seen its fair share of ups and downs over the past year, with a closing price of 139.98 CAD on the last trading day. This represents a significant price fluctuation of 34.55 CAD, with a 52-week high of 175.57 CAD and a low of 130.02 CAD.
Valuation Ratios: A Technical Snapshot
But what does this mean for investors? To get a better understanding, let’s take a look at the company’s valuation ratios. The price-to-earnings ratio stands at 18.88, indicating that the stock is currently trading at a premium to its earnings. On the other hand, the price-to-book ratio is 3.95, suggesting that the stock is undervalued compared to its book value.
Key Takeaways
- Closing price: 139.98 CAD
- 52-week high: 175.57 CAD
- 52-week low: 130.02 CAD
- Price-to-earnings ratio: 18.88
- Price-to-book ratio: 3.95