Canadian National Railway (NYSE:CNI) Lowered to Sell Rating by Loop Capital

Loop Capital lowered shares of Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) from a hold rating to a sell rating in a research note issued to investors on Monday, MarketBeat reports.

A number of other analysts also recently commented on CNI. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company lowered their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus increased their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stephens reaffirmed an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

View Our Latest Stock Analysis on Canadian National Railway

Canadian National Railway Stock Performance

CNI opened at $98.78 on Monday. The company has a market cap of $62.11 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.47 and a beta of 0.91. The company’s fifty day moving average price is $104.48 and its two-hundred day moving average price is $110.79. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.49%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio (DPR) is 46.68%.

Institutional Trading of Canadian National Railway

A number of hedge funds have recently bought and sold shares of the company. Fortitude Family Office LLC raised its holdings in Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. Coastline Trust Co bought a new position in shares of Canadian National Railway during the third quarter valued at about $34,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares during the last quarter. Finally, Reston Wealth Management LLC purchased a new position in Canadian National Railway during the 3rd quarter valued at about $41,000. Institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

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Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.

Further Reading

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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