Canadian National Railway (NYSE:CNI) Cut to Sell at Loop Capital

Loop Capital cut shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR from a hold rating to a sell rating in a research report report published on Monday, MarketBeat.com reports.

CNI has been the topic of a number of other reports. Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Sanford C. Bernstein cut their price target on 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, Bank of America lowered their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.19.

Canadian National Railway Price Performance

CNI stock traded down $0.65 during midday trading on Monday, reaching $103.29. 944,232 shares of the company's stock traded hands, compared to its average volume of 1,379,189. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a market cap of $64.95 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.47 and a beta of 0.91. The company has a 50-day simple moving average of $103.92 and a two-hundred day simple moving average of $110.45. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.38%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is currently 46.68%.

Institutional Trading of Canadian National Railway

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in shares of Canadian National Railway by 34.0% in the second quarter. NewEdge Advisors LLC now owns 7,464 shares of the transportation company's stock worth $882,000 after acquiring an additional 1,892 shares in the last quarter. Truist Financial Corp increased its stake in Canadian National Railway by 6.4% during the 2nd quarter. Truist Financial Corp now owns 25,546 shares of the transportation company's stock worth $3,018,000 after purchasing an additional 1,534 shares in the last quarter. Cetera Investment Advisers raised its holdings in Canadian National Railway by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 59,799 shares of the transportation company's stock worth $7,064,000 after buying an additional 984 shares during the period. Sanctuary Advisors LLC bought a new position in Canadian National Railway in the second quarter valued at approximately $3,557,000. Finally, Azzad Asset Management Inc. ADV boosted its holdings in shares of Canadian National Railway by 1.8% in the third quarter. Azzad Asset Management Inc. ADV now owns 23,675 shares of the transportation company's stock valued at $2,773,000 after buying an additional 422 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

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.