Canadian National Railway (NYSE:CNI) Receives $125.18 Average Price Target from Analysts

Shares of Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR have earned a consensus rating of "Hold" from the twenty brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $125.18.

CNI has been the subject of several research reports. Susquehanna decreased their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. The Goldman Sachs Group decreased 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 research note on Wednesday, October 9th. 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. Bank of America cut Canadian National Railway from a "buy" rating to a "neutral" rating and lowered their price target for the company from $129.00 to $122.00 in a research note on Friday, October 4th. Finally, Evercore ISI decreased their price target on Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating for the company in a research note on Wednesday, October 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Canadian National Railway in the second quarter valued at about $26,000. Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock valued at $28,000 after purchasing an additional 148 shares during the period. Fortitude Family Office LLC boosted its holdings 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 worth $30,000 after buying an additional 229 shares during the last quarter. ORG Partners LLC bought a new position in Canadian National Railway during the 2nd quarter worth approximately $34,000. Finally, Coastline Trust Co acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at $34,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Down 2.2 %

Shares of NYSE:CNI traded down $2.54 during midday trading on Friday, reaching $110.80. The company had a trading volume of 1,018,526 shares, compared to its average volume of 1,116,892. The company has a fifty day simple moving average of $114.71 and a two-hundred day simple moving average of $118.23. The firm has a market cap of $69.67 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 2.53 and a beta of 0.89. Canadian National Railway has a 1-year low of $107.54 and a 1-year high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. Canadian National Railway's revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.6108 dividend. This represents a $2.44 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Monday, December 9th. 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.