Canadian National Railway (NYSE:CNI) Stock Position Raised by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. lifted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,492 shares of the transportation company’s stock after acquiring an additional 139 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Canadian National Railway were worth $1,167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CNI. Quintet Private Bank Europe S.A. acquired a new stake in shares of Canadian National Railway in the fourth quarter worth $25,000. Arlington Trust Co LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter worth $30,000. Addison Advisors LLC boosted its position in shares of Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter worth $59,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CNI shares. Susquehanna cut their price objective on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Bank of America cut their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus increased their price objective on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Royal Bank of Canada cut their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Finally, Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Trading Down 1.1 %

Shares of NYSE:CNI opened at $96.71 on Friday. The company has a market cap of $60.77 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.95 and a beta of 0.91. The stock’s 50-day moving average is $101.27 and its 200-day moving average is $107.28. Canadian National Railway has a 52-week low of $93.64 and a 52-week high of $133.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Equities research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.