Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR had its price objective cut by Jefferies Financial Group from $120.00 to $110.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the transportation company's stock.
CNI has been the topic of several other reports. Citigroup dropped their target price on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Bank of America reduced their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Susquehanna dropped their price target on shares of Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway has a consensus rating of "Moderate Buy" and an average target price of $121.19.
Read Our Latest Report on Canadian National Railway
Canadian National Railway Stock Performance
Shares of CNI stock traded up $3.96 during trading hours on Wednesday, reaching $99.77. The company had a trading volume of 1,712,787 shares, compared to its average volume of 1,273,766. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The business has a fifty day moving average price of $99.36 and a 200-day moving average price of $104.90. Canadian National Railway has a one year low of $91.65 and a one year high of $130.63. The firm has a market cap of $62.70 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.
Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Sell-side analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.
Canadian National Railway Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio is 47.66%.
Institutional Investors Weigh In On Canadian National Railway
Several large investors have recently made changes to their positions in CNI. Y Intercept Hong Kong Ltd bought a new stake in Canadian National Railway in the 3rd quarter worth approximately $823,000. Geode Capital Management LLC increased its position in Canadian National Railway by 6.6% in the third quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company's stock worth $302,895,000 after purchasing an additional 158,757 shares during the last quarter. Toronto Dominion Bank increased its position in Canadian National Railway by 64.5% in the third quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company's stock worth $174,813,000 after purchasing an additional 584,832 shares during the last quarter. Unigestion Holding SA raised its stake in Canadian National Railway by 363.6% during the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company's stock valued at $18,012,000 after purchasing an additional 120,687 shares in the last quarter. Finally, Advisory Resource Group lifted its position in Canadian National Railway by 13.4% during the third quarter. Advisory Resource Group now owns 8,391 shares of the transportation company's stock valued at $983,000 after purchasing an additional 989 shares during the last quarter. 80.74% of the stock is owned by institutional investors.
About Canadian National Railway
(
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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.
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