Canadian National Railway Company (NYSE:CNI) Receives Average Rating of “Moderate Buy” from Brokerages

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) has earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $126.1236.

Several equities analysts have recently commented on CNI shares. Citigroup increased their target price on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada lifted their price target on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein upped their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Finally, Evercore upgraded shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price objective on the stock in a research note on Thursday, June 25th.

Canadian National Railway Trading Up 0.6%

Shares of CNI opened at $119.92 on Thursday. The company has a market capitalization of $72.75 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.24 and a beta of 0.96. Canadian National Railway has a one year low of $90.74 and a one year high of $122.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a 50-day moving average price of $115.54 and a 200 day moving average price of $107.51.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the firm earned $1.85 EPS. Canadian National Railway’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts forecast that Canadian National Railway will post 5.75 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is 48.55%.

Hedge Funds Weigh In On Canadian National Railway

Several large investors have recently modified their holdings of the stock. AQR Capital Management LLC bought a new stake in shares of Canadian National Railway during the 1st quarter valued at about $311,000. Focus Partners Wealth raised its stake in Canadian National Railway by 11.1% during the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock worth $1,122,000 after acquiring an additional 1,146 shares during the period. Schnieders Capital Management LLC. bought a new position in Canadian National Railway in the second quarter worth about $202,000. EverSource Wealth Advisors LLC lifted its holdings in Canadian National Railway by 52.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock worth $116,000 after acquiring an additional 383 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Canadian National Railway by 2.9% in the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after acquiring an additional 474 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.