Canadian National Railway (NYSE:CNI) (TSE:CNR) has received an average recommendation of “Hold” from the twenty-one ratings firms that are covering the company, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $89.80.
A number of research analysts have issued reports on CNI shares. Cowen boosted their price objective on shares of Canadian National Railway from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, April 24th. CIBC cut shares of Canadian National Railway from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, May 1st. Zacks Investment Research upgraded shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 1st. Goldman Sachs Group cut shares of Canadian National Railway from a “buy” rating to a “neutral” rating and set a $102.00 target price on the stock. in a report on Monday, May 14th. Finally, Bank of America upgraded shares of Canadian National Railway from an “underperform” rating to a “buy” rating and boosted their target price for the company from $72.00 to $93.00 in a report on Thursday, May 17th.
Shares of NYSE CNI traded up $0.81 during mid-day trading on Friday, hitting $89.04. The stock had a trading volume of 539,091 shares, compared to its average volume of 1,289,226. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.54. Canadian National Railway has a 1 year low of $70.59 and a 1 year high of $90.57. The company has a market cap of $64.59 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.27 and a beta of 1.10.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 24th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.46. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.57 billion. Canadian National Railway had a net margin of 42.08% and a return on equity of 22.90%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 EPS. equities research analysts anticipate that Canadian National Railway will post 4.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be paid a $0.3429 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, September 6th. Canadian National Railway’s payout ratio is 36.46%.
Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new position in Canadian National Railway during the 1st quarter valued at about $117,000. Private Capital Group LLC lifted its stake in Canadian National Railway by 913.9% during the 1st quarter. Private Capital Group LLC now owns 1,673 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 1,508 shares during the period. Avestar Capital LLC bought a new position in Canadian National Railway during the 1st quarter valued at about $123,000. Assetmark Inc. lifted its stake in Canadian National Railway by 73.7% during the 1st quarter. Assetmark Inc. now owns 1,947 shares of the transportation company’s stock valued at $142,000 after acquiring an additional 826 shares during the period. Finally, Quad Cities Investment Group LLC bought a new position in Canadian National Railway during the 2nd quarter valued at about $165,000. Institutional investors own 55.50% of the company’s stock.
About Canadian National Railway
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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