Canadian National Railway Company (NYSE:CNI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) has earned a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $137.3964.

A number of brokerages recently weighed in on CNI. Susquehanna reissued a “neutral” rating and issued a $140.00 price target (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. Wells Fargo & Company upped their price objective on shares of Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Royal Bank Of Canada raised their target price on shares of Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Argus reissued a “hold” rating on shares of Canadian National Railway in a research report on Monday, August 31st. Finally, Citizens Jmp began coverage on shares of Canadian National Railway in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock.

Institutional Trading of Canadian National Railway

Several large investors have recently added to or reduced their stakes in CNI. Sequoia Financial Advisors LLC grew its holdings in shares of Canadian National Railway by 3.7% during the second quarter. Sequoia Financial Advisors LLC now owns 5,725 shares of the transportation company’s stock valued at $683,000 after buying an additional 206 shares in the last quarter. Tidal Investments LLC raised its position in Canadian National Railway by 26.9% during the second quarter. Tidal Investments LLC now owns 85,258 shares of the transportation company’s stock valued at $10,170,000 after buying an additional 18,080 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Canadian National Railway by 10.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,463 shares of the transportation company’s stock worth $413,000 after acquiring an additional 330 shares in the last quarter. IFP Advisors Inc lifted its stake in Canadian National Railway by 75.8% in the 2nd quarter. IFP Advisors Inc now owns 4,419 shares of the transportation company’s stock worth $527,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in Canadian National Railway by 2.3% during the 2nd quarter. Baird Financial Group Inc. now owns 26,031 shares of the transportation company’s stock worth $3,104,000 after acquiring an additional 596 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

NYSE:CNI opened at $117.56 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $125.49 and its 200 day moving average price is $117.06. Canadian National Railway has a 52-week low of $90.74 and a 52-week high of $131.55. The firm has a market cap of $71.02 billion, a P/E ratio of 20.84, a PEG ratio of 2.12 and a beta of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 EPS. As a group, sell-side analysts predict that Canadian National Railway will post 5.82 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be paid 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 yield of 3.1%. Canadian National Railway’s dividend payout ratio (DPR) is currently 46.10%.

About Canadian National Railway

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. Its rail system connects the Atlantic, Pacific and Gulf coasts with major industrial centers, ports and distribution markets, supporting trade across North America.

CN transports a diverse range of products, including grain and fertilizers, coal and minerals, forest products, petroleum and chemicals, metals, automotive goods, and consumer and manufactured products.