Canadian National Railway (NYSE:CNI) Given Average Recommendation of “Hold” by Analysts

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have received an average rating of “Hold” from the twenty-six brokerages that are covering the firm, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $140.81.

CNI has been the topic of several research analyst reports. Credit Suisse Group dropped their price objective on Canadian National Railway from $121.00 to $112.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 21st. National Bank Financial increased their price target on Canadian National Railway from C$139.00 to C$144.00 and gave the stock a “sector perform” rating in a research report on Monday. Cowen increased their price target on Canadian National Railway from $110.00 to $119.00 and gave the stock a “market perform” rating in a research report on Monday. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday, September 1st. Finally, TheStreet raised Canadian National Railway from a “c+” rating to a “b” rating in a report on Wednesday, July 21st.

CNI traded up $1.12 on Thursday, hitting $115.08. 175,696 shares of the company were exchanged, compared to its average volume of 1,765,422. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 0.93. The stock’s fifty day moving average is $110.70 and its 200-day moving average is $111.01. The company has a market cap of $81.59 billion, a PE ratio of 25.84, a PEG ratio of 3.18 and a beta of 0.81. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $128.41.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Monday, July 19th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.01. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.63 billion. Canadian National Railway had a return on equity of 20.00% and a net margin of 28.27%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 earnings per share. As a group, equities research analysts expect that Canadian National Railway will post 4.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Shareholders of record on Wednesday, September 8th will be paid a dividend of $0.4827 per share. The ex-dividend date of this dividend is Tuesday, September 7th. This represents a $1.93 dividend on an annualized basis and a yield of 1.68%. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.99%.

Several institutional investors have recently bought and sold shares of the business. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in shares of Canadian National Railway during the 2nd quarter worth approximately $9,506,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Canadian National Railway by 73.4% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 5,022 shares of the transportation company’s stock worth $530,000 after purchasing an additional 2,126 shares during the period. Marshall Wace LLP raised its holdings in shares of Canadian National Railway by 172.1% in the 2nd quarter. Marshall Wace LLP now owns 479,314 shares of the transportation company’s stock worth $50,602,000 after purchasing an additional 303,137 shares during the period. Marshall Wace North America L.P. raised its holdings in shares of Canadian National Railway by 34.2% in the 2nd quarter. Marshall Wace North America L.P. now owns 98,868 shares of the transportation company’s stock worth $10,439,000 after purchasing an additional 25,176 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Canadian National Railway by 26.3% in the 2nd quarter. Morgan Stanley now owns 1,120,646 shares of the transportation company’s stock worth $118,251,000 after purchasing an additional 233,180 shares during the period. 56.45% of the stock is currently owned by hedge funds and other institutional investors.

About Canadian National Railway

Canadian National Railway Co engages in rail and related transportation business. The firm’s services include rail, intermodal, trucking, supply chain services, business development and maps and network. It offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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