Canadian National Railway Company (NYSE:CNI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $137.3964.

Several research firms recently weighed in on CNI. Bank of America raised their price objective 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. Stephens raised Canadian National Railway to a “hold” rating in a research note on Wednesday, July 8th. Wells Fargo & Company increased their target price on shares of Canadian National Railway from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce raised their price target on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $140.00 price target (up from $138.00) on shares of Canadian National Railway in a report on Tuesday, July 14th.

Canadian National Railway Stock Down 0.9%

NYSE CNI opened at $126.41 on Friday. The business has a fifty day moving average price of $124.93 and a two-hundred day moving average price of $115.52. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. Canadian National Railway has a fifty-two week low of $90.74 and a fifty-two week high of $131.55. The stock has a market capitalization of $76.50 billion, a PE ratio of 22.41, a PEG ratio of 2.37 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results 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 company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the company posted $1.87 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts expect that Canadian National Railway will post 5.81 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be paid a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.66 annualized dividend and a yield of 2.9%. Canadian National Railway’s dividend payout ratio is presently 47.34%.

Institutional Trading of Canadian National Railway

Hedge funds and other institutional investors have recently modified their holdings of the stock. High Point Wealth Management LLC bought a new position in shares of Canadian National Railway in the 4th quarter valued at $27,000. Pin Oak Investment Advisors Inc. bought a new stake in Canadian National Railway during the 2nd quarter worth $27,000. Curio Wealth LLC bought a new stake in Canadian National Railway during the 4th quarter worth $31,000. MidFirst Bank acquired a new position in Canadian National Railway in the 4th quarter worth about $31,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Canadian National Railway by 378.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after purchasing an additional 280 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

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.