Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) shares have received a consensus Moderate Buy rating from the 25 rating agencies currently covering the stock, reports MarketBeat. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price from analysts who updated their coverage of the stock over the past year is $141.14.
A number of brokers have commented on CNI. National Bank Financial raised its price target for the Canadian National Railway to C$173.00 from C$166.00 in a research report on Thursday. Stephens raised his target price on Canadian National Railway to $130.00 and gave the company a better than average rating in a report Wednesday, July 27. Evercore ISI lowered its target price on Canadian National Railway to $122.00 from $128.00, giving the company an Outperform rating in a report Tuesday, July 12. Wells Fargo & Company raised its price target on Canadian National Railway to $119.00 and gave the company an Outperform rating in a report Wednesday, July 27. Finally, Scotiabank increased its price target for the Canadian National Railway from C$150.00 to C$152.00 in a report on Wednesday, July 27th.
Canadian National Railway inventory down 2.4%
CNI shares opened at $111.10 on Monday. The stock’s 50-day moving average price is $121.44 and its 200-day moving average price is $119.74. Canadian National Railway has a 1 year low of $106.61 and a 1 year high of $137.19. The company has a debt to equity ratio of 0.55, a current ratio of 0.71 and a quick ratio of 0.55. The company has a market cap of $75.78 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-to-growth ratio of 1.68 and a beta of 0.86.
Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) last released its quarterly earnings results on Tuesday, July 26th. The transportation company reported $1.51 EPS for the quarter, beating analysts’ consensus estimate of $1.37 by $0.14. Canadian National Railway had a return on equity of 20.63% and a net margin of 33.32%. The company made $3.40 billion in revenue for the quarter, compared to analysts’ expectations of $3.17 billion. On average, research analysts expect the Canadian National Railway to report earnings per share of 5.78 for the current fiscal year.
Canadian National Railway cuts dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8 will receive a dividend of $0.569 per share. The ex-dividend date is Wednesday September 7th. That equates to an annualized dividend of $2.28 and a yield of 2.05%. Canadian National Railway’s Dividend Payout Ratio (DPR) is currently 38.78%.
Institutional investors take a stake in the Canadian National Railway
Several major investors have recently bought and sold shares in CNI. Hanson & Doremus Investment Management increased its stake in Canadian National Railway by 294.1% in the first quarter. Hanson & Doremus Investment Management now owns 201 shares of the $27,000 transportation company after buying another 150 shares last quarter. Tyler Stone Wealth Management acquired a new stake in Canadian National Railway stock valued at approximately $30,000 during the fourth quarter. Holloway Wealth Management LLC increased its position in Canadian National Railway shares by 187.5% in the first quarter. Holloway Wealth Management LLC now owns 230 shares of the $31,000 transportation company after buying another 150 shares last quarter. NuWave Investment Management LLC acquired a new interest in Canadian National Railway stock valued at approximately $32,000 during the second quarter. Finally, during the second quarter, Clear Street Markets LLC acquired a new interest in Canadian National Railway stock valued at approximately $34,000. 79.45% of the shares are currently owned by hedge funds and other institutional investors.
Canadian National Railway Company Profile
The Canadian National Railway Company, together with its subsidiaries, is engaged in the railroad and related transportation business. The company’s product portfolio includes petroleum and chemicals, grains and fertilizers, coal, metals and minerals, forest products, intermodal and automotive products for exporters, importers, retailers, farmers and manufacturers.
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