Canadian National Railway Company (NYSE:CNI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have been given a consensus recommendation of “Hold” by the nineteen analysts that are presently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $122.0360.

A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein raised their price objective on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price objective for the company from $117.00 to $122.00 in a research report on Thursday, April 9th. Barclays raised their price objective on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce raised their price objective on Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a research report on Tuesday. Finally, Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $118.30 on Friday. The firm has a market cap of $71.77 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.28 and a beta of 0.96. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway has a 12 month low of $90.74 and a 12 month high of $122.48. The stock’s fifty day moving average price is $113.01 and its 200-day moving average price is $105.44.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the company earned $1.85 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that Canadian National Railway will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. 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 presently 48.55%.

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors have recently added to or reduced their stakes in the stock. High Point Wealth Management LLC acquired a new stake in Canadian National Railway in the fourth quarter worth about $27,000. Costello Asset Management INC boosted its holdings in Canadian National Railway by 83.3% in the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after acquiring an additional 150 shares in the last quarter. Curio Wealth LLC acquired a new stake in Canadian National Railway in the fourth quarter worth about $31,000. MidFirst Bank acquired a new stake in Canadian National Railway in the fourth quarter worth about $31,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Canadian National Railway by 378.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after acquiring an additional 280 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

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.