Canadian National Railway (NYSE:CNI) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

CNI has been the subject of a number of other research reports. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Finally, Bank of America cut their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average price target of $125.77.

Canadian National Railway Trading Down 0.1 %

Shares of CNI stock opened at $100.17 on Monday. The company has a market capitalization of $62.99 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The business’s fifty day moving average is $106.08 and its 200 day moving average is $112.17. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. On average, equities research analysts anticipate that Canadian National Railway will post 5.31 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a $0.6108 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.44%. Canadian National Railway’s payout ratio is currently 38.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Canadian National Railway by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after buying an additional 790,420 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of Canadian National Railway by 7.8% in the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after acquiring an additional 674,536 shares during the period. JARISLOWSKY FRASER Ltd grew its stake in shares of Canadian National Railway by 1.2% in the second quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock worth $1,017,315,000 after purchasing an additional 99,716 shares during the last quarter. National Bank of Canada FI increased its holdings in Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after purchasing an additional 2,137,948 shares during the period. Finally, Fiera Capital Corp raised its position in Canadian National Railway by 0.7% during the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock valued at $642,828,000 after purchasing an additional 39,063 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.