TD Securities Reiterates Hold Rating for Canadian National Railway Co. (CNI)
Canadian National Railway Co. (NYSE:CNI)‘s stock had its “hold” rating restated by equities researchers at TD Securities in a report issued on Saturday. They presently have a $90.00 target price on the stock. TD Securities’ target price would suggest a potential upside of 35.46% from the stock’s previous close.
CNI has been the topic of several other research reports. Atlantic Securities began coverage on shares of Canadian National Railway in a research note on Thursday, August 11th. They issued a “neutral” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Canadian National Railway in a research note on Thursday, July 7th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $62.00 target price on shares of Canadian National Railway in a research note on Saturday, June 18th. Scotiabank reaffirmed a “sector perform” rating and issued a $87.00 target price (up previously from $81.00) on shares of Canadian National Railway in a research note on Tuesday, July 26th. Finally, Argus began coverage on shares of Canadian National Railway in a research note on Tuesday, June 21st. They issued a “buy” rating and a $73.00 target price on the stock. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the stock. Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $73.64.
Canadian National Railway (NYSE:CNI) opened at 66.44 on Friday. The company’s 50-day moving average is $64.47 and its 200-day moving average is $61.90. Canadian National Railway has a 12 month low of $46.23 and a 12 month high of $67.30. The stock has a market capitalization of $51.27 billion, a P/E ratio of 19.34 and a beta of 1.10.
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Canadian National Railway (NYSE:CNI) last issued its earnings results on Monday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.02. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3 billion. Canadian National Railway had a net margin of 29.55% and a return on equity of 24.13%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 EPS. Equities analysts anticipate that Canadian National Railway will post $3.41 earnings per share for the current year.
The business also recently disclosed a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a dividend of $0.288 per share. The ex-dividend date of this dividend was Wednesday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is 33.43%.
A number of institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp boosted its position in Canadian National Railway by 0.4% in the second quarter. Synovus Financial Corp now owns 4,531 shares of the company’s stock worth $268,000 after buying an additional 16 shares during the period. Telemus Capital LLC boosted its position in Canadian National Railway by 0.6% in the third quarter. Telemus Capital LLC now owns 4,124 shares of the company’s stock worth $270,000 after buying an additional 25 shares during the period. Advisor Partners LLC boosted its position in Canadian National Railway by 0.5% in the second quarter. Advisor Partners LLC now owns 5,769 shares of the company’s stock worth $339,000 after buying an additional 26 shares during the period. First Allied Advisory Services Inc. boosted its position in Canadian National Railway by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 5,296 shares of the company’s stock worth $311,000 after buying an additional 42 shares during the period. Finally, Fulton Bank N.A. boosted its position in Canadian National Railway by 0.5% in the second quarter. Fulton Bank N.A. now owns 10,474 shares of the company’s stock worth $618,000 after buying an additional 50 shares during the period. 56.06% of the stock is owned by hedge funds and other institutional investors.
Canadian National Railway Company Profile
Canadian National Railway Co is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
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