Canadian National Railway Company (NYSE:CNI) Receives $132.12 Consensus PT from Analysts

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) has been assigned a consensus rating of “Hold” from the seventeen research firms that are covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $137.3964.

CNI has been the topic of several recent research reports. Weiss Ratings upgraded Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Barclays increased their price objective on Canadian National Railway from $109.00 to $130.00 and gave the company an “equal weight” rating in a report on Monday. Royal Bank Of Canada raised their price objective on Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday. National Bank Financial set a $124.00 target price on Canadian National Railway in a report on Thursday, June 25th. Finally, Citigroup upped their target price on Canadian National Railway from $124.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th.

Institutional Trading of Canadian National Railway

Large investors have recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in Canadian National Railway during the 1st quarter worth $311,000. Focus Partners Wealth grew its position in shares of Canadian National Railway by 11.1% in the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after purchasing an additional 1,146 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Canadian National Railway in the second quarter valued at about $202,000. EverSource Wealth Advisors LLC increased its stake in shares of Canadian National Railway by 52.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock worth $116,000 after purchasing an additional 383 shares during the period. Finally, Baird Financial Group Inc. increased its stake in shares of Canadian National Railway by 2.9% in the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock worth $1,778,000 after purchasing an additional 474 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Up 0.2%

Canadian National Railway stock opened at $129.77 on Monday. The company has a market capitalization of $78.64 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.44 and a beta of 0.96. The firm’s fifty day simple moving average is $121.11 and its 200-day simple moving average is $111.36. The company has a current ratio of 0.87, a quick ratio of 0.49 and a debt-to-equity ratio of 0.99. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. Canadian National Railway’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.87 EPS. Sell-side analysts forecast that Canadian National Railway will post 5.75 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th will be given a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.8%. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.34%.

About Canadian National Railway

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.