Canadian National Railway Co. (CNI) Coverage Initiated at Vertical Research
Research analysts at Vertical Research assumed coverage on shares of Canadian National Railway Co. (NYSE:CNI) in a research note issued on Tuesday, The Fly reports. The firm set a “hold” rating on the stock.
Several other research firms have also recently weighed in on CNI. Cowen and Company increased their price target on Canadian National Railway from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, July 26th. Loop Capital started coverage on Canadian National Railway in a report on Monday, September 26th. They set a “hold” rating and a $64.00 price target on the stock. TD Securities reissued a “hold” rating and set a $90.00 price target on shares of Canadian National Railway in a report on Saturday. Barclays PLC increased their price target on Canadian National Railway from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Monday, September 12th. Finally, Desjardins reissued a “hold” rating and set a $86.00 price target on shares of Canadian National Railway in a report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $74.16.
Canadian National Railway (NYSE:CNI) traded down 0.225% during trading on Tuesday, reaching $66.859. The company had a trading volume of 506,862 shares. The firm’s 50-day moving average price is $64.53 and its 200 day moving average price is $61.96. Canadian National Railway has a one year low of $46.23 and a one year high of $67.66. The firm has a market capitalization of $51.59 billion, a P/E ratio of 19.481 and a beta of 1.10.
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Canadian National Railway (NYSE:CNI) last released its quarterly earnings results on Monday, July 25th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.02. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3 billion. Canadian National Railway had a return on equity of 24.13% and a net margin of 29.55%. The company’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. Equities analysts forecast that Canadian National Railway will post $3.41 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were paid a $0.288 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. Canadian National Railway’s payout ratio is currently 33.43%.
A number of hedge funds have recently made changes to their positions in CNI. Harding Loevner LP increased its stake in Canadian National Railway by 3.8% in the third quarter. Harding Loevner LP now owns 5,529,302 shares of the company’s stock valued at $361,616,000 after buying an additional 203,855 shares in the last quarter. Advisory Services Network LLC increased its stake in Canadian National Railway by 207.5% in the third quarter. Advisory Services Network LLC now owns 15,580 shares of the company’s stock valued at $1,019,000 after buying an additional 10,514 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE increased its stake in Canadian National Railway by 0.9% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 60,795 shares of the company’s stock valued at $3,976,000 after buying an additional 520 shares in the last quarter. Liberty Capital Management Inc. bought a new stake in Canadian National Railway during the third quarter valued at $158,000. Finally, Independent Portfolio Consultants Inc. increased its stake in Canadian National Railway by 5.6% in the third quarter. Independent Portfolio Consultants Inc. now owns 5,530 shares of the company’s stock valued at $362,000 after buying an additional 295 shares in the last quarter. 56.06% of the stock is owned by institutional investors and hedge funds.
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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