Headlines about Canadian National Railway (NYSE:CNI) (TSE:CNR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canadian National Railway earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the transportation company an impact score of 45.4320329794576 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Chartists Hone In On Canadian National Railway Company (CNI)’s Rank Correlation Indicator (parkcitycaller.com)
- Canadian National plans lights, gates at 248th Street crossing (osceolasun.com)
- $1.02 Earnings Per Share Expected for Canadian National Railway (CNI) This Quarter (americanbankingnews.com)
- Iowans Slam Local Railroad Over Gruesome Accidents (courthousenews.com)
- Canadian National Railway Company fined over $1 million for incorrect fuel (globalrailwayreview.com)
A number of brokerages recently weighed in on CNI. Credit Suisse Group lowered their target price on shares of Canadian National Railway from $85.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Macquarie downgraded shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a research note on Thursday. They noted that the move was a valuation call. UBS raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 3rd. Zacks Investment Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 1st. Finally, CIBC downgraded shares of Canadian National Railway from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $86.10.
CNI traded down $0.78 during midday trading on Friday, hitting $83.19. The company had a trading volume of 1,240,490 shares, compared to its average volume of 1,282,341. Canadian National Railway has a 52 week low of $70.59 and a 52 week high of $85.73. The company has a current ratio of 0.61, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56. The company has a market cap of $61.29 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Monday, April 23rd. The transportation company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.20. Canadian National Railway had a net margin of 41.03% and a return on equity of 23.02%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. research analysts forecast that Canadian National Railway will post 4.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be paid a $0.3603 dividend. This represents a $1.44 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is currently 36.72%.
Canadian National Railway Company Profile
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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