Stephens Reaffirms Equal Weight Rating for Canadian National Railway (NYSE:CNI)

Stephens reaffirmed their equal weight rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a research report released on Wednesday morning, Benzinga reports. They currently have a $140.00 target price on the transportation company’s stock.

CNI has been the subject of several other reports. Citigroup boosted their price objective on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a neutral rating in a research note on Wednesday, January 24th. Stifel Nicolaus boosted their price objective on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a hold rating in a research note on Friday, April 12th. Susquehanna upped their price target on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a neutral rating in a research report on Wednesday. CIBC cut shares of Canadian National Railway from a sector outperform rating to a neutral rating in a research report on Wednesday, January 10th. Finally, Jefferies Financial Group started coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They set a hold rating and a $130.00 price target for the company. Eighteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of Hold and a consensus price target of $149.05.

Canadian National Railway Trading Up 0.4 %

Shares of Canadian National Railway stock opened at $125.30 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.47. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The company has a market capitalization of $80.03 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.18 and a beta of 0.88. The business has a 50 day moving average price of $129.49 and a 200 day moving average price of $122.34.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. Sell-side analysts anticipate that Canadian National Railway will post 5.92 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.00%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.03%.

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors have recently modified their holdings of the stock. Avantax Advisory Services Inc. raised its stake in Canadian National Railway by 33.5% during the third quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company’s stock worth $1,300,000 after acquiring an additional 3,011 shares during the period. Spire Wealth Management raised its stake in Canadian National Railway by 5.0% during the third quarter. Spire Wealth Management now owns 4,602 shares of the transportation company’s stock worth $498,000 after acquiring an additional 219 shares during the period. YCG LLC raised its stake in Canadian National Railway by 6.0% during the fourth quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock worth $31,418,000 after acquiring an additional 14,249 shares during the period. Manning & Napier Group LLC raised its stake in Canadian National Railway by 7.5% during the fourth quarter. Manning & Napier Group LLC now owns 669,988 shares of the transportation company’s stock worth $84,171,000 after acquiring an additional 46,517 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in Canadian National Railway during the third quarter worth about $1,266,000. 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.