Canadian National Railway Company (NYSE:CNI) Given Consensus Recommendation of “Hold” by Analysts

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $122.0360.

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada upped their price target on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Barclays upped their price target on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $117.00 to $122.00 in a research note on Thursday, April 9th. Citigroup upped their price target on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday.

Institutional Investors Weigh In On Canadian National Railway

A number of hedge funds have recently bought and sold shares of the business. High Point Wealth Management LLC bought a new position in Canadian National Railway during the fourth quarter valued at $27,000. Costello Asset Management INC increased its position in Canadian National Railway by 83.3% during the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 150 shares during the last quarter. Curio Wealth LLC bought a new position in Canadian National Railway during the fourth quarter valued at $31,000. MidFirst Bank bought a new position in Canadian National Railway during the fourth quarter valued at $31,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Canadian National Railway by 378.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

CNI stock opened at $120.50 on Friday. Canadian National Railway has a one year low of $90.74 and a one year high of $122.48. The company’s fifty day moving average price is $111.57 and its 200-day moving average price is $104.63. 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 company has a market capitalization of $73.23 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting the consensus estimate of $1.31. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.85 earnings per share. On average, equities analysts anticipate that Canadian National Railway will post 5.76 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a yield of 3.0%. Canadian National Railway’s dividend payout ratio is presently 48.73%.

About Canadian National Railway

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.