Canadian National Railway (NYSE:CNI) Stock Rating Upgraded by Wells Fargo & Company

Wells Fargo & Company upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from an equal weight rating to an overweight rating in a research note released on Monday morning, Marketbeat reports. Wells Fargo & Company currently has $125.00 price objective on the transportation company’s stock.

Several other research analysts have also recently weighed in on the stock. National Bank Financial upgraded shares of Canadian National Railway from a sector perform rating to an outperform rating in a report on Thursday, June 27th. Stifel Nicolaus reduced their price objective on shares of Canadian National Railway from $137.00 to $133.00 and set a hold rating for the company in a research note on Wednesday, July 24th. Evercore ISI reduced their price objective on shares of Canadian National Railway from $128.00 to $119.00 and set an in-line rating for the company in a research note on Wednesday, September 25th. Benchmark reaffirmed a hold rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Finally, Bank of America cut shares of Canadian National Railway from a buy rating to a neutral rating and cut their price target for the stock from $129.00 to $122.00 in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $128.59.

Canadian National Railway Trading Up 1.0 %

NYSE:CNI opened at $115.10 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $72.79 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.41 and a beta of 0.88. The firm has a fifty day simple moving average of $115.43 and a two-hundred day simple moving average of $120.87. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02.

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 analysts’ consensus estimates of $1.93 by ($0.09). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share. Analysts expect that Canadian National Railway will post 5.58 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.614 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.46 annualized dividend and a yield of 2.13%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.07%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. GQG Partners LLC raised its holdings in Canadian National Railway by 0.8% in the 1st quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock worth $1,505,000 after purchasing an additional 93 shares in the last quarter. Choreo LLC boosted its holdings in shares of Canadian National Railway by 1.5% during the 1st quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock valued at $846,000 after acquiring an additional 97 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Canadian National Railway by 2.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock valued at $547,000 after acquiring an additional 100 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Canadian National Railway by 1.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock valued at $1,105,000 after acquiring an additional 102 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Canadian National Railway by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 105 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

About Canadian National Railway

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.