Canadian National Railway (NYSE:CNI) (TSE:CNR) has earned an average rating of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $91.38.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Monday, July 30th. ValuEngine cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Barclays reissued a “hold” rating and set a $88.00 price target on shares of Canadian National Railway in a research report on Wednesday, September 26th. BMO Capital Markets cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. Finally, Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, September 25th.
A number of large investors have recently modified their holdings of CNI. Zions Bancorporation acquired a new stake in Canadian National Railway during the third quarter worth approximately $102,000. Palo Capital Inc. acquired a new stake in Canadian National Railway during the third quarter worth approximately $114,000. Girard Partners LTD. acquired a new stake in Canadian National Railway during the third quarter worth approximately $131,000. Quad Cities Investment Group LLC acquired a new stake in Canadian National Railway during the second quarter worth approximately $165,000. Finally, First Hawaiian Bank acquired a new stake in Canadian National Railway during the third quarter worth approximately $175,000. 53.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CNI traded up $0.55 during mid-day trading on Monday, hitting $84.58. 41,742 shares of the company’s stock were exchanged, compared to its average volume of 954,011. The stock has a market capitalization of $61.31 billion, a PE ratio of 22.03, a P/E/G ratio of 2.15 and a beta of 0.97. Canadian National Railway has a fifty-two week low of $70.59 and a fifty-two week high of $91.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.58 and a current ratio of 0.72.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.38. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian National Railway had a net margin of 42.06% and a return on equity of 22.67%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 earnings per share. On average, sell-side analysts predict that Canadian National Railway will post 4.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 7th will be issued a $0.3477 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, December 6th. This represents a $1.39 annualized dividend and a yield of 1.64%. Canadian National Railway’s dividend payout ratio (DPR) is 35.94%.
Canadian National Railway Company Profile
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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