Canadian National Railway Company (NYSE:CNI) Stock Has Consensus Price Target of $138.76

Shares of Canadian National Railway Company (NYSE:CNI – Get Free Report) (TSE:CNR) have earned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $138.76.

Several research analysts recently issued reports on CNI shares. Barclays upped their target price on Canadian National Railway from $130.00 to $132.00 and gave the company an “equal weight” rating in a research report on Monday, November 2nd. Weiss Ratings upgraded shares of Canadian National Railway from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Wells Fargo & Company boosted their price target on Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Argus reiterated a “hold” rating on shares of Canadian National Railway in a research report on Monday, August 31st. Finally, Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Monday, July 27th.

Check Out Our Latest Report on CNI

Canadian National Railway Stock Down 0.3%

NYSE:CNI opened at $126.76 on Wednesday. The company has a 50-day moving average of $121.64 and a 200 day moving average of $116.32. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $131.55. The firm has a market cap of $76.38 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.33 and a beta of 0.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.82 and a quick ratio of 0.61.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last posted its earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. Canadian National Railway had a return on equity of 22.82% and a net margin of 26.42%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The firm’s quarterly revenue was down 99.9% compared to the same quarter last year. As a group, research analysts anticipate that Canadian National Railway will post 5.85 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 9th will be given a dividend of C$0.92 per share. This represents a $3.66 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, December 9th. Canadian National Railway’s dividend payout ratio is 45.30%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC grew its stake in shares of Canadian National Railway by 2.0% in the 1st quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock valued at $934,488,000 after buying an additional 173,894 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Canadian National Railway by 5.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 4,546,356 shares of the transportation company’s stock valued at $532,519,000 after purchasing an additional 248,401 shares during the last quarter. Swiss National Bank lifted its stake in shares of Canadian National Railway by 26.3% in the 1st 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 during the last quarter. Cardinal Capital Management Inc. lifted its position in Canadian National Railway by 5.8% in the second quarter. Cardinal Capital Management Inc. now owns 1,254,252 shares of the transportation company’s stock valued at $149,384,000 after buying an additional 68,791 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Canadian National Railway by 103.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,221,917 shares of the transportation company’s stock worth $145,155,000 after purchasing an additional 622,152 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

(Get Free Report)

Canadian National Railway, commonly known as CN, is a North American transportation and logistics company that operates a freight rail network connecting Canada’s Atlantic, Pacific and Gulf coasts with the United States. Its network serves customers across Canada and the U.S. Midwest and South. CN transports a range of commodities and manufactured goods, including intermodal shipments, grain and fertilizers, petroleum and chemicals, forest products, metals and minerals, and finished vehicles. The company also provides services such as rail-connected logistics and supply-chain solutions.

Further Reading

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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