Canadian National Railway (NYSE:CNI) Receives $125.86 Average PT from Analysts

Canadian National Railway (NYSE:CNI) (TSE:CNR) has received a consensus rating of “Hold” from the nineteen research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $125.86.

A number of brokerages have recently issued reports on CNI. Stephens reiterated an “equal weight” rating and set a $116.00 target price on shares of Canadian National Railway in a research report on Wednesday, October 23rd. The Goldman Sachs Group reduced their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price on the stock in a research report on Monday, October 7th. Finally, Stifel Nicolaus upped their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd.

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway during the second quarter worth $26,000. Addison Advisors LLC raised its holdings in shares of Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after acquiring an additional 148 shares during the period. Fortitude Family Office LLC raised its holdings in shares of Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares during the period. ORG Partners LLC acquired a new stake in shares of Canadian National Railway during the second quarter worth $34,000. Finally, Coastline Trust Co acquired a new stake in shares of Canadian National Railway during the third quarter worth $34,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $106.32 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $66.96 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 2.50 and a beta of 0.89. Canadian National Railway has a 1-year low of $105.28 and a 1-year high of $134.02. The firm’s 50-day moving average price is $111.42 and its two-hundred day moving average price is $115.79.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. On average, equities analysts predict that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.30%. Canadian National Railway’s dividend payout ratio is 39.26%.

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.