Canadian National Railway Company (NYSE:CNI) (TSE:CNR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $93.00 target price on the transportation company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.60% from the company’s current price.

According to Zacks, “The improvement in the coal scenario is encouraging as headwinds pertaining to the commodity have been primarily responsible for the underperformance of Canadian National shares with respect to the Zacks categorized Transportation- Rail industry in the last one year. The stock has surged 36%, while the industry gained 37%. However, the stock has outperformed fellow railroad operator, Canadian Pacific, which has gained 20% over the last one year. We are also impressed by the company's initiatives to reward investors. Furthermore, the company's 2017 capital investment plan is a positive. The plan complements its efforts to promote safety and enhance productivity. Due to these tailwinds we expect the stock to perform well in the second quarter. Detailed results should be out on Jul 25. The Zacks Consensus Estimate has moved up 4.2% to $0.98 per share in the last month. The company's high debt levels, however, raise concerns.”

A number of other brokerages have also weighed in on CNI. BidaskClub lowered Canadian National Railway Company from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Stifel Nicolaus increased their target price on Canadian National Railway Company from $74.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, June 15th. Credit Suisse Group reiterated a “neutral” rating and set a $78.00 target price (up previously from $77.00) on shares of Canadian National Railway Company in a research note on Sunday, May 28th. Cowen and Company increased their target price on Canadian National Railway Company from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 25th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $81.00 target price (up previously from $69.00) on shares of Canadian National Railway Company in a research note on Wednesday, May 17th. Fourteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Canadian National Railway Company presently has a consensus rating of “Hold” and a consensus price target of $81.73.

Canadian National Railway Company (NYSE:CNI) traded down 0.01% during mid-day trading on Tuesday, hitting $82.59. The stock had a trading volume of 1,429,807 shares. The firm has a market capitalization of $62.45 billion, a price-to-earnings ratio of 22.22 and a beta of 1.12. The stock’s 50 day moving average price is $78.14 and its 200 day moving average price is $72.97. Canadian National Railway Company has a one year low of $59.32 and a one year high of $82.65.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were issued a dividend of $0.3059 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Wednesday, June 7th. Canadian National Railway Company’s dividend payout ratio (DPR) is 33.15%.

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Large investors have recently added to or reduced their stakes in the stock. LVM Capital Management Ltd. MI increased its stake in Canadian National Railway Company by 0.5% in the first quarter. LVM Capital Management Ltd. MI now owns 8,534 shares of the transportation company’s stock valued at $631,000 after buying an additional 40 shares during the period. Atria Investments LLC increased its stake in Canadian National Railway Company by 0.7% in the second quarter. Atria Investments LLC now owns 6,121 shares of the transportation company’s stock valued at $496,000 after buying an additional 41 shares during the period. First National Bank of Hutchinson increased its position in shares of Canadian National Railway Company by 0.5% in the first quarter. First National Bank of Hutchinson now owns 9,656 shares of the transportation company’s stock valued at $714,000 after buying an additional 48 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Canadian National Railway Company by 3.4% in the first quarter. Quadrant Capital Group LLC now owns 2,844 shares of the transportation company’s stock valued at $200,000 after buying an additional 93 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC increased its position in shares of Canadian National Railway Company by 0.7% in the first quarter. Osborn Williams & Donohoe LLC now owns 14,100 shares of the transportation company’s stock valued at $1,042,000 after buying an additional 100 shares during the last quarter. 55.28% of the stock is currently owned by institutional investors.

Canadian National Railway Company Company Profile

Canadian National Railway Company 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 and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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Analyst Recommendations for Canadian National Railway Company (NYSE:CNI)

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