Canadian National Railway Company (NYSE:CNI) Given Consensus Rating of “Moderate Buy” by Brokerages

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) has been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $128.3964.

Several research analysts have commented on CNI shares. Wells Fargo & Company boosted their price objective on shares of Canadian National Railway from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America lifted their price target on Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. National Bank Financial set a $124.00 price target on Canadian National Railway in a report on Thursday, June 25th. Canadian Imperial Bank of Commerce upped their price objective on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Finally, Evercore raised 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.

Institutional Investors Weigh In On Canadian National Railway

A number of hedge funds have recently made changes to their positions in CNI. High Point Wealth Management LLC bought a new stake in shares of Canadian National Railway during the 4th quarter valued at approximately $27,000. Curio Wealth LLC acquired a new stake in Canadian National Railway in the fourth quarter valued at approximately $31,000. MidFirst Bank bought a new stake in shares of Canadian National Railway during the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 worth $35,000 after buying an additional 280 shares during the last quarter. Finally, MBM Wealth Consultants LLC acquired a new position in shares of Canadian National Railway during the first quarter worth $37,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $122.75 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $74.47 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. Canadian National Railway has a twelve month low of $90.74 and a twelve month high of $123.00. The company has a 50-day simple moving average of $116.47 and a two-hundred day simple moving average of $108.36.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business posted $1.85 EPS. The business’s revenue was down .5% compared to the same quarter last year. Analysts forecast that Canadian National Railway will post 5.75 EPS for the current year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.915 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.0%. Canadian National Railway’s payout ratio is presently 48.55%.

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.