Canadian National Railway (NYSE:CNI) Receives $102.53 Consensus Target Price from Analysts

Canadian National Railway (NYSE:CNI) (TSE:CNR) has received a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat reports. Eleven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $102.53.

Several research firms recently weighed in on CNI. Goldman Sachs Group assumed coverage on shares of Canadian National Railway in a report on Wednesday, July 10th. They issued a “neutral” rating and a $97.00 target price for the company. Credit Suisse Group boosted their price target on shares of Canadian National Railway from $101.00 to $104.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Raymond James downgraded shares of Canadian National Railway from an “outperform” rating to a “hold” rating in a research note on Friday, September 13th. ValuEngine downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada set a $137.00 price target on shares of Canadian National Railway and gave the stock a “hold” rating in a research note on Friday, September 13th.

Canadian National Railway stock traded down $0.82 during trading on Friday, hitting $88.74. The company had a trading volume of 46,490 shares, compared to its average volume of 698,922. Canadian National Railway has a 1-year low of $70.36 and a 1-year high of $96.49. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66. The company’s 50 day simple moving average is $91.81 and its 200-day simple moving average is $91.71. The stock has a market cap of $64.51 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.38 and a beta of 1.01.



Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.47. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the firm earned $1.51 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, analysts forecast that Canadian National Railway will post 4.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be paid a dividend of $0.411 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.85%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.40. Canadian National Railway’s payout ratio is presently 39.18%.

A number of large investors have recently bought and sold shares of CNI. FIL Ltd increased its holdings in Canadian National Railway by 22.7% in the first quarter. FIL Ltd now owns 9,901,396 shares of the transportation company’s stock valued at $886,372,000 after buying an additional 1,829,102 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new position in Canadian National Railway in the second quarter valued at $108,547,000. JPMorgan Chase & Co. increased its holdings in Canadian National Railway by 37.4% in the second quarter. JPMorgan Chase & Co. now owns 3,683,848 shares of the transportation company’s stock valued at $337,220,000 after buying an additional 1,001,851 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Canadian National Railway by 348.2% in the first quarter. Lazard Asset Management LLC now owns 1,262,495 shares of the transportation company’s stock valued at $112,967,000 after buying an additional 980,798 shares during the last quarter. Finally, National Pension Service purchased a new position in Canadian National Railway in the second quarter valued at $112,269,000. 53.09% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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