Canadian National Railway Company (CNI) – What Are Analysts Thinking About This Stock?

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $137.49.

Several analysts recently weighed in on the stock. Citizens Jmp initiated coverage on shares of Canadian National Railway in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Bank of America dropped their price objective on shares of Canadian National Railway from $146.00 to $143.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. National Bank Financial set a $124.00 price objective on shares of Canadian National Railway in a report on Thursday, June 25th. Finally, Wells Fargo & Company raised their price objective on shares of Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, July 27th.

Canadian National Railway Price Performance

CNI stock opened at $119.97 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. The firm has a market capitalization of $72.47 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.13 and a beta of 0.96. The business’s 50-day moving average is $122.53 and its two-hundred day moving average is $118.86. Canadian National Railway has a 1 year low of $90.74 and a 1 year high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.11. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the business posted $1.87 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. Analysts anticipate that Canadian National Railway will post 5.80 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th were paid a dividend of C$0.92 per share. The ex-dividend date was Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.1%. Canadian National Railway’s payout ratio is presently 46.10%.

Hedge Funds Weigh In On Canadian National Railway

Large investors have recently bought and sold shares of the business. Lazard Asset Management LLC raised its position in shares of Canadian National Railway by 2.0% during the 1st quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock worth $934,488,000 after acquiring an additional 173,894 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Canadian National Railway by 2.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,165,148 shares of the transportation company’s stock worth $609,582,000 after purchasing an additional 173,410 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Canadian National Railway by 2.8% during the second quarter. TD Waterhouse Canada Inc. now owns 4,297,955 shares of the transportation company’s stock worth $514,643,000 after purchasing an additional 116,530 shares during the last quarter. Canoe Financial LP boosted its holdings in Canadian National Railway by 17.2% in the first quarter. Canoe Financial LP now owns 3,426,466 shares of the transportation company’s stock valued at $352,527,000 after purchasing an additional 502,424 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Canadian National Railway by 26.3% in the first quarter. Swiss National Bank now owns 1,761,000 shares of the transportation company’s stock valued at $180,986,000 after purchasing an additional 367,100 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that operates a major freight rail network in Canada and the United States. Its network connects the Atlantic, Pacific and Gulf coasts, serving ports, industrial centers, agricultural regions and major population markets.

CN transports a broad range of commodities and manufactured goods, including forest products, grain and fertilizers, coal, metals and minerals, petroleum and chemicals, automotive products, and consumer goods.