Canadian National Railway (NYSE:CNI) Receives $130.77 Average Target Price from Analysts

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have been given an average recommendation of “Buy” by the twenty-five analysts that are presently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $130.77.

Several equities analysts recently issued reports on CNI shares. The Goldman Sachs Group upgraded Canadian National Railway from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 10th. National Bank Financial reiterated a “sector perform” rating on shares of Canadian National Railway in a research report on Wednesday, April 21st. Loop Capital upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Tuesday, May 25th. BMO Capital Markets decreased their price objective on Canadian National Railway from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, March 22nd. Finally, Wells Fargo & Company boosted their price objective on Canadian National Railway from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 27th.

Institutional investors have recently made changes to their positions in the company. Todd Asset Management LLC raised its stake in shares of Canadian National Railway by 3.2% during the 4th quarter. Todd Asset Management LLC now owns 205,082 shares of the transportation company’s stock worth $22,528,000 after purchasing an additional 6,395 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of Canadian National Railway by 17.8% during the 4th quarter. WCM Investment Management LLC now owns 2,357,863 shares of the transportation company’s stock worth $259,011,000 after purchasing an additional 355,860 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Canadian National Railway by 179.7% during the 1st quarter. Russell Investments Group Ltd. now owns 1,543,087 shares of the transportation company’s stock worth $179,032,000 after purchasing an additional 991,313 shares in the last quarter. K.J. Harrison & Partners Inc raised its stake in shares of Canadian National Railway by 2.9% during the 4th quarter. K.J. Harrison & Partners Inc now owns 14,287 shares of the transportation company’s stock worth $1,567,000 after purchasing an additional 400 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Canadian National Railway in the 4th quarter valued at $54,001,000. Institutional investors own 55.31% of the company’s stock.

Canadian National Railway stock opened at $110.23 on Tuesday. The firm has a market cap of $78.15 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 2.59 and a beta of 0.81. Canadian National Railway has a 1 year low of $84.75 and a 1 year high of $119.61. The stock’s 50-day moving average is $111.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.19 and a quick ratio of 0.97.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Sunday, April 25th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.01). Canadian National Railway had a net margin of 25.64% and a return on equity of 19.63%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the firm posted $1.22 earnings per share. Canadian National Railway’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts expect that Canadian National Railway will post 4.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 9th will be paid a dividend of $0.4964 per share. The ex-dividend date of this dividend is Tuesday, June 8th. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.48. Canadian National Railway’s dividend payout ratio is currently 22.47%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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