Canadian National Railway (NYSE:CNI) Receives $125.18 Average PT from Analysts

Canadian National Railway (NYSE:CNI) (TSE:CNR) has been given an average recommendation of “Hold” by the twenty brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $125.18.

A number of equities analysts recently issued reports on the company. Evercore ISI decreased their price objective on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Barclays lifted their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Bank of America lowered shares of Canadian National Railway from a “buy” rating to a “neutral” rating and decreased their target price for the company from $129.00 to $122.00 in a research report on Friday, October 4th. Finally, Sanford C. Bernstein reduced their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th.

Canadian National Railway Trading Up 0.8 %

NYSE CNI opened at $111.67 on Friday. The firm has a market capitalization of $70.22 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.49 and a beta of 0.89. Canadian National Railway has a one year low of $107.54 and a one year high of $134.02. The company has a 50-day simple moving average of $114.71 and a 200-day simple moving average of $118.12. 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 quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. On average, equities analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.19%. Canadian National Railway’s dividend payout ratio is presently 39.90%.

Institutional Trading of Canadian National Railway

A number of institutional investors have recently bought and sold shares of the company. 1832 Asset Management L.P. grew its position in 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 worth $1,106,361,000 after acquiring an additional 674,536 shares in the last quarter. Capital International Investors boosted its holdings in Canadian National Railway by 18.1% in the first quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock worth $1,185,647,000 after purchasing an additional 1,379,976 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its position in Canadian National Railway by 1.2% during the second quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock worth $1,017,315,000 after buying an additional 99,716 shares during the last quarter. Fiera Capital Corp raised its holdings in Canadian National Railway by 0.7% during the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock valued at $642,828,000 after buying an additional 39,063 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Canadian National Railway by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock worth $570,667,000 after buying an additional 120,453 shares during the last quarter. Institutional investors and hedge funds 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.