Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have earned an average recommendation of “Hold” from the twenty-two brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $80.69.

A number of equities analysts have commented on CNI shares. Credit Suisse Group reaffirmed a “neutral” rating on shares of Canadian National Railway in a research note on Friday, July 28th. BidaskClub downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Cowen and Company lifted their target price on shares of Canadian National Railway from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 25th. Stifel Nicolaus lifted their target price on shares of Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, June 15th. Finally, Barclays PLC reduced their target price on shares of Canadian National Railway from $71.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 25th.

Shares of Canadian National Railway (NYSE CNI) traded up 0.56% during mid-day trading on Tuesday, hitting $80.30. 589,813 shares of the stock traded hands. The firm has a 50 day moving average of $81.24 and a 200 day moving average of $75.14. The company has a market cap of $60.31 billion, a P/E ratio of 19.90 and a beta of 1.11. Canadian National Railway has a 12 month low of $61.11 and a 12 month high of $84.48.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a $0.3276 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.64%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, September 7th. Canadian National Railway’s payout ratio is 31.77%.

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A number of large investors have recently made changes to their positions in the company. Proficio Capital Partners LLC increased its stake in shares of Canadian National Railway by 0.8% in the second quarter. Proficio Capital Partners LLC now owns 1,783 shares of the transportation company’s stock valued at $143,000 after buying an additional 15 shares during the last quarter. LVM Capital Management Ltd. MI increased its stake in shares of Canadian National Railway 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 last quarter. Atria Investments LLC increased its stake in shares of Canadian National Railway 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 last quarter. First National Bank of Hutchinson increased its stake in shares of Canadian National Railway 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. Finally, Telemus Capital LLC increased its stake in shares of Canadian National Railway by 2.5% in the second quarter. Telemus Capital LLC now owns 3,550 shares of the transportation company’s stock valued at $288,000 after buying an additional 87 shares during the last quarter. 55.30% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway 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.

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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