Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have earned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat reports. Fourteen analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $80.67.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $89.00 price target on shares of Canadian National Railway in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Cowen and Company reiterated a “buy” rating and issued a $83.00 price target on shares of Canadian National Railway in a report on Sunday, September 24th. BidaskClub upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Canadian National Railway in a report on Friday, July 28th.

Canadian National Railway (NYSE:CNI) traded down 0.77% during mid-day trading on Friday, reaching $81.58. 673,516 shares of the company’s stock were exchanged. The company’s 50-day moving average is $81.45 and its 200 day moving average is $78.97. The firm has a market capitalization of $61.27 billion, a P/E ratio of 20.82 and a beta of 1.13. Canadian National Railway has a one year low of $61.72 and a one year high of $84.48.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a $0.3276 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.31 dividend on an annualized basis and a yield of 1.61%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s dividend payout ratio (DPR) is presently 34.38%.

A number of hedge funds have recently made changes to their positions in CNI. UBS Asset Management Americas Inc. purchased a new position in Canadian National Railway in the 1st quarter valued at $123,000. Dimensional Fund Advisors LP raised its holdings in shares of Canadian National Railway by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 253,063 shares of the transportation company’s stock worth $18,709,000 after acquiring an additional 21,155 shares during the period. Morgan Stanley raised its holdings in shares of Canadian National Railway by 5.7% during the 1st quarter. Morgan Stanley now owns 633,497 shares of the transportation company’s stock worth $46,834,000 after acquiring an additional 34,318 shares during the period. AQR Capital Management LLC raised its holdings in shares of Canadian National Railway by 9.9% during the 1st quarter. AQR Capital Management LLC now owns 468,923 shares of the transportation company’s stock worth $34,514,000 after acquiring an additional 42,354 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of Canadian National Railway by 17.6% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 28,100 shares of the transportation company’s stock worth $2,068,000 after acquiring an additional 4,200 shares during the period. Institutional investors own 54.44% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/22/canadian-national-railway-company-cni-receives-consensus-recommendation-of-hold-from-analysts.html.

About Canadian National Railway

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)

Receive News & Ratings for Canadian National Railway Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway Company and related companies with MarketBeat.com's FREE daily email newsletter.