Canadian National Railway Company (NYSE:CNI) Receives Average Recommendation of “Hold” from Analysts

Canadian National Railway Company (NYSE:CNIGet Free Report) (TSE:CNR) has been given a consensus rating of “Hold” by the nineteen brokerages that are covering the company, Marketbeat reports. Ten 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 target among analysts that have issued ratings on the stock in the last year is $122.0360.

A number of equities analysts recently commented on CNI shares. Sanford C. Bernstein increased their price target on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Barclays increased their price target on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian National Railway in a research note on Monday, April 20th. Finally, Citigroup increased their price target on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th.

Check Out Our Latest Research Report on Canadian National Railway

Canadian National Railway Stock Performance

NYSE CNI opened at $113.12 on Wednesday. The firm has a market cap of $68.74 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.16 and a beta of 0.95. 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 business has a 50-day moving average price of $107.75 and a 200-day moving average price of $102.67. Canadian National Railway has a twelve month low of $90.74 and a twelve month high of $115.80.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 earnings per share. As a group, equities research analysts predict that Canadian National Railway will post 5.76 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a yield of 3.2%. Canadian National Railway’s dividend payout ratio is presently 48.73%.

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Canadian National Railway in the 1st quarter valued at approximately $311,000. Focus Partners Wealth lifted its stake in shares of Canadian National Railway by 11.1% in the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after purchasing an additional 1,146 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Canadian National Railway in the 2nd quarter valued at approximately $202,000. EverSource Wealth Advisors LLC lifted its stake in shares of Canadian National Railway by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 383 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Canadian National Railway by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after purchasing an additional 474 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Company Profile

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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.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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