Canadian National Railway (CNI) – Investment Analysts’ Recent Ratings Changes

Canadian National Railway (NYSE: CNI) has recently received a number of price target changes and ratings updates:

  • 4/30/2019 – Canadian National Railway was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $92.00 price target on the stock.
  • 4/30/2019 – Canadian National Railway had its price target raised by analysts at Stephens from $100.00 to $105.00. They now have an “overweight” rating on the stock.
  • 4/30/2019 – Canadian National Railway was upgraded by analysts at BMO Capital Markets to a “market perform” rating. They now have a $125.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 4/30/2019 – Canadian National Railway had its price target raised by analysts at Stifel Nicolaus from $87.00 to $90.00. They now have a “hold” rating on the stock.
  • 4/18/2019 – Canadian National Railway was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 4/12/2019 – Canadian National Railway was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating. They now have a $90.32 price target on the stock.
  • 4/4/2019 – Canadian National Railway had its price target raised by analysts at Citigroup Inc from $87.00 to $103.00. They now have a “buy” rating on the stock.
  • 3/28/2019 – Canadian National Railway had its “hold” rating reaffirmed by analysts at Macquarie.
  • 3/28/2019 – Canadian National Railway had its “hold” rating reaffirmed by analysts at National Bank Financial.

NYSE CNI traded down $0.66 during trading hours on Friday, reaching $93.91. The company’s stock had a trading volume of 678,567 shares, compared to its average volume of 730,011. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 0.69. Canadian National Railway has a 52 week low of $70.36 and a 52 week high of $94.87. The stock has a market capitalization of $67.10 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.89 and a beta of 1.07.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Monday, April 29th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.28. Canadian National Railway had a net margin of 29.86% and a return on equity of 23.64%. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter last year, the company posted $1.00 earnings per share. Canadian National Railway’s revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that Canadian National Railway will post 4.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $0.3982 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.59 dividend on an annualized basis and a yield of 1.70%. Canadian National Railway’s dividend payout ratio is currently 38.46%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP raised its holdings in shares of Canadian National Railway by 46.8% during the fourth quarter. Two Sigma Advisers LP now owns 78,172 shares of the transportation company’s stock valued at $5,795,000 after buying an additional 24,911 shares during the last quarter. One Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 4.6% during the fourth quarter. One Wealth Advisors LLC now owns 3,424 shares of the transportation company’s stock valued at $254,000 after buying an additional 151 shares during the last quarter. Triangle Securities Wealth Management bought a new stake in shares of Canadian National Railway during the first quarter valued at approximately $729,000. Blueshift Asset Management LLC bought a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $1,329,000. Finally, Commonwealth Bank of Australia raised its holdings in shares of Canadian National Railway by 7.7% during the fourth quarter. Commonwealth Bank of Australia now owns 77,514 shares of the transportation company’s stock valued at $5,741,000 after buying an additional 5,547 shares during the last quarter. 55.54% of the stock is currently owned by hedge funds and other institutional investors.

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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