Canadian National Railway Company (NYSE:CNI) (TSE:CNR)‘s stock had its “neutral” rating reiterated by research analysts at Credit Suisse Group in a research report issued on Thursday, The Fly reports. They currently have a $84.00 price target on the transportation company’s stock, up from their previous price target of $78.00. Credit Suisse Group’s target price points to a potential upside of 0.38% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also recently issued reports on CNI. Loop Capital reissued a “hold” rating on shares of Canadian National Railway Company in a report on Saturday, March 25th. Cowen and Company boosted their target price on shares of Canadian National Railway Company from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Tuesday, April 25th. Stifel Nicolaus boosted their target price on shares of Canadian National Railway Company from $73.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, April 25th. Barclays PLC lowered their target price on shares of Canadian National Railway Company from $71.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 25th. Finally, BidaskClub raised shares of Canadian National Railway Company from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Fourteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Canadian National Railway Company presently has a consensus rating of “Hold” and a consensus target price of $80.56.

Shares of Canadian National Railway Company (CNI) traded up 0.37% during midday trading on Thursday, reaching $83.68. The company had a trading volume of 773,034 shares. The firm has a market capitalization of $63.27 billion, a P/E ratio of 22.51 and a beta of 1.12. Canadian National Railway Company has a one year low of $61.11 and a one year high of $84.48. The company has a 50 day moving average price of $78.14 and a 200-day moving average price of $72.97.

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were given a $0.3059 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $1.22 annualized dividend and a yield of 1.46%. Canadian National Railway Company’s dividend payout ratio (DPR) is presently 33.15%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Canadian National Railway Company by 598.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,404 shares of the transportation company’s stock valued at $104,000 after buying an additional 1,203 shares during the period. City Holding Co. raised its position in shares of Canadian National Railway Company by 15.4% in the second quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock valued at $106,000 after buying an additional 175 shares during the period. UBS Asset Management Americas Inc. bought a new position in shares of Canadian National Railway Company during the first quarter valued at about $123,000. Proficio Capital Partners LLC raised its position in shares of Canadian National Railway Company by 151.9% in the first quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock valued at $135,000 after buying an additional 1,066 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in shares of Canadian National Railway Company by 14.4% in the first quarter. SRS Capital Advisors Inc. now owns 2,324 shares of the transportation company’s stock valued at $171,000 after buying an additional 293 shares during the period. Institutional investors own 55.28% of the company’s stock.

About Canadian National Railway Company

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.

The Fly

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

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