Brokerages Set Canadian National Railway (NYSE:CNI) Price Target at $126.02

Canadian National Railway (NYSE:CNI) (TSE:CNR) has been assigned an average rating of “Hold” from the nineteen research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $126.02.

CNI has been the subject of several recent analyst reports. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective for the company in a research report on Monday, October 7th. Stifel Nicolaus reduced their price objective on shares of Canadian National Railway from $133.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. National Bank Financial upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Finally, Stephens reduced their price objective on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th.

Hedge Funds Weigh In On Canadian National Railway

Large investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Canadian National Railway during the 2nd quarter worth $26,000. Addison Advisors LLC grew its stake in shares of Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after purchasing an additional 148 shares during the period. GAMMA Investing LLC grew its stake in shares of Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after purchasing an additional 207 shares during the period. ORG Partners LLC acquired a new position in shares of Canadian National Railway during the 2nd quarter worth $34,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Canadian National Railway during the 1st quarter worth $64,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.7 %

NYSE CNI opened at $113.62 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The stock has a market capitalization of $71.85 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.56 and a beta of 0.88. The firm has a 50 day moving average of $115.94 and a two-hundred day moving average of $120.09.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the firm earned $1.31 EPS. The company’s revenue was up 6.7% on a year-over-year basis. As a group, research analysts expect that Canadian National Railway will post 5.54 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.614 per share. The ex-dividend date was Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.16%. Canadian National Railway’s payout ratio is currently 39.07%.

Canadian National Railway Company 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.