Canadian National Railway (NYSE:CNI) Upgraded at Cibc Captl Mkts

Cibc Captl Mkts upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a hold rating to a strong-buy rating in a research note published on Friday morning,Zacks.com reports.

A number of other research analysts have also recently commented on CNI. Citigroup upped their price target on Canadian National Railway from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Zacks Research cut Canadian National Railway from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Barclays dropped their target price on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a research report on Thursday, October 2nd. Wells Fargo & Company reduced their price target on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of Canadian National Railway from $148.00 to $158.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of $117.36.

Canadian National Railway Stock Performance

Shares of NYSE:CNI opened at $95.88 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. Canadian National Railway has a 1 year low of $90.74 and a 1 year high of $112.06. The firm has a market capitalization of $59.11 billion, a PE ratio of 18.44, a P/E/G ratio of 2.13 and a beta of 0.95. The business’s 50 day moving average price is $94.76 and its 200-day moving average price is $98.05.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company posted $1.72 EPS. The business’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 9th will be paid a $0.8875 dividend. This represents a $3.55 annualized dividend and a dividend yield of 3.7%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is 48.01%.

Institutional Trading of Canadian National Railway

Several large investors have recently bought and sold shares of CNI. Addison Advisors LLC grew its holdings in Canadian National Railway by 124.0% during the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after buying an additional 150 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of Canadian National Railway in the third quarter valued at $28,000. First Horizon Corp acquired a new stake in shares of Canadian National Railway during the third quarter valued at $30,000. Costello Asset Management INC increased its position in Canadian National Railway by 83.3% during the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after purchasing an additional 150 shares in the last quarter. Finally, Dagco Inc. purchased a new stake in Canadian National Railway during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

About Canadian National Railway

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.