Canadian National Railway Co. (CNI) PT Raised to $68.00 at Cowen and Company
Canadian National Railway Co. (NYSE:CNI) had its price objective increased by investment analysts at Cowen and Company from $67.00 to $68.00 in a research note issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Cowen and Company’s price target suggests a potential upside of 2.35% from the stock’s previous close.
A number of other research analysts have also weighed in on the company. Nomura raised their target price on Canadian National Railway from $57.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, April 26th. Bank of America Corp. lowered Canadian National Railway from a “buy” rating to an “underperform” rating in a report on Tuesday, April 26th. Credit Suisse Group AG raised their target price on Canadian National Railway from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 26th. CIBC lowered Canadian National Railway from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, April 26th. Finally, TD Securities lowered Canadian National Railway from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $74.16.
Canadian National Railway (NYSE:CNI) traded down 0.81% on Tuesday, hitting $66.44. The company had a trading volume of 688,167 shares. Canadian National Railway has a one year low of $46.23 and a one year high of $67.30. The stock has a market capitalization of $51.27 billion, a PE ratio of 19.22 and a beta of 1.10. The stock has a 50 day moving average of $64.47 and a 200-day moving average of $61.90.
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Canadian National Railway (NYSE:CNI) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.02. Canadian National Railway had a return on equity of 24.13% and a net margin of 29.55%. The firm earned $2.84 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the firm posted $1.15 earnings per share. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. Equities analysts anticipate that Canadian National Railway will post $3.41 EPS for the current year.
The firm also recently announced a dividend, which was paid on Friday, September 30th. Investors 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 payout ratio is 33.43%.
A number of institutional investors have recently bought and sold shares of CNI. Kistler Tiffany Companies LLC boosted its position in Canadian National Railway by 81.9% in the second quarter. Kistler Tiffany Companies LLC now owns 1,699 shares of the company’s stock valued at $100,000 after buying an additional 765 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in Canadian National Railway during the second quarter worth about $104,000. Bessemer Group Inc. boosted its position in Canadian National Railway by 119.4% in the first quarter. Bessemer Group Inc. now owns 1,968 shares of the company’s stock worth $123,000 after buying an additional 1,071 shares during the last quarter. Armbruster Capital Management Inc. boosted its position in Canadian National Railway by 57.1% in the second quarter. Armbruster Capital Management Inc. now owns 2,200 shares of the company’s stock worth $130,000 after buying an additional 800 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Canadian National Railway by 4.0% in the second quarter. Quadrant Capital Group LLC now owns 2,680 shares of the company’s stock worth $149,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.
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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