Canadian National Railway (NYSE:CNI) Given Average Rating of “Hold” by Brokerages

Canadian National Railway (NYSE:CNI) (TSE:CNR) has been assigned a consensus rating of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $125.48.

A number of analysts recently issued reports on CNI shares. Barclays lifted their price objective on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. The Goldman Sachs Group lowered their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Susquehanna reduced their target price on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Sanford C. Bernstein dropped their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CNI. Manning & Napier Advisors LLC acquired a new stake in shares of Canadian National Railway during the 2nd quarter worth about $134,096,000. Koshinski Asset Management Inc. acquired a new stake in shares of Canadian National Railway in the first quarter valued at approximately $627,000. Sterling Investment Management LLC grew its position in Canadian National Railway by 17.2% during the third quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company’s stock worth $4,250,000 after buying an additional 5,329 shares in the last quarter. Summit Global Investments bought a new stake in shares of Canadian National Railway during the 3rd quarter valued at $636,000. Finally, Sumitomo Life Insurance Co. acquired a new stake in shares of Canadian National Railway during the 2nd quarter worth $1,321,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

CNI opened at $108.89 on Friday. The business has a fifty day simple moving average of $114.17 and a 200-day simple moving average of $117.83. The firm has a market cap of $68.58 billion, a PE ratio of 17.45, a P/E/G ratio of 2.49 and a beta of 0.89. Canadian National Railway has a fifty-two week low of $107.54 and a fifty-two week high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 earnings per share. As a group, equities analysts predict that Canadian National Railway will post 5.49 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.24%. Canadian National Railway’s payout ratio is presently 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.