Kirtland Hills Capital Management LLC bought a new stake in Canadian National Railway Company (NYSE:CNI – Free Report) (TSE:CNR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,181 shares of the transportation company’s stock, valued at approximately $737,000.
Other institutional investors have also recently made changes to their positions in the company. High Point Wealth Management LLC bought a new position in Canadian National Railway during the 4th quarter valued at about $27,000. Curio Wealth LLC purchased a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $31,000. MidFirst Bank bought a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Canadian National Railway by 378.4% in 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 period. Finally, MBM Wealth Consultants LLC purchased a new position in Canadian National Railway during the 1st quarter valued at $37,000. Institutional investors own 80.74% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Wells Fargo & Company increased their target price on Canadian National Railway from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Citizens Jmp assumed coverage on shares of Canadian National Railway in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Royal Bank Of Canada boosted their price objective on shares of Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. National Bank Financial set a $124.00 target price on shares of Canadian National Railway in a research note on Thursday, June 25th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $140.00 target price (up from $138.00) on shares of Canadian National Railway in a research report on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.40.
Canadian National Railway Stock Up 1.3%
Canadian National Railway stock opened at $129.91 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The firm has a market cap of $78.62 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.42 and a beta of 0.95. The business has a fifty day moving average of $124.01 and a two-hundred day moving average of $114.60. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $131.55.
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last announced its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The business’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.87 EPS. On average, analysts forecast that Canadian National Railway Company will post 5.81 earnings per share for the current fiscal year.
Canadian National Railway Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be issued a $0.915 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway’s payout ratio is currently 47.34%.
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.
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