Canadian National Railway (NYSE:CNI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have been given an average rating of “Hold” by the nineteen analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $125.86.

Several equities research analysts have weighed in on the company. Susquehanna reduced their price objective on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company raised 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. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. Bank of America cut shares of Canadian National Railway from a “buy” rating to a “neutral” rating and cut their price objective for the company from $129.00 to $122.00 in a research report on Friday, October 4th. Finally, The Goldman Sachs Group lowered their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a report on Wednesday, October 9th.

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors have recently added to or reduced their stakes in the stock. Addison Advisors LLC lifted its position 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 valued at $28,000 after buying an additional 148 shares during the last quarter. Fortitude Family Office LLC lifted its position in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 229 shares during the last quarter. Coastline Trust Co acquired a new stake in Canadian National Railway in the third quarter valued at approximately $34,000. Reston Wealth Management LLC purchased a new position in Canadian National Railway in the third quarter worth $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Canadian National Railway during the third quarter worth $56,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE CNI opened at $102.53 on Friday. The stock has a market capitalization of $64.50 billion, a PE ratio of 16.43, a P/E/G ratio of 2.43 and a beta of 0.89. Canadian National Railway has a 1-year low of $98.96 and a 1-year high of $134.02. The business has a 50 day simple moving average of $107.11 and a two-hundred day simple moving average of $113.04. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results 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. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts predict that Canadian National Railway will post 5.31 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is 38.14%.

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.