Canadian National Railway (NYSE:CNI) Receives $124.19 Consensus PT from Analysts

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR has been given a consensus rating of "Moderate Buy" by the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and four have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $124.19.

CNI has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price target on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus increased their price objective on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, January 31st. Jefferies Financial Group upgraded Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. Bank of America dropped their price target on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, Susquehanna decreased their price objective on Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th.

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Canadian National Railway Trading Up 0.1 %

Shares of Canadian National Railway stock traded up $0.05 during trading hours on Friday, hitting $97.71. The company's stock had a trading volume of 826,029 shares, compared to its average volume of 1,182,341. Canadian National Railway has a twelve month low of $93.64 and a twelve month high of $134.02. The firm has a fifty day moving average of $101.43 and a 200-day moving average of $107.49. The stock has a market cap of $61.40 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.52%. Canadian National Railway's payout ratio is currently 47.66%.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Chancellor Financial Group WB LP acquired a new position in Canadian National Railway during the fourth quarter worth $348,000. Wealth Enhancement Advisory Services LLC increased its position in Canadian National Railway by 42.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,325 shares of the transportation company's stock worth $2,165,000 after buying an additional 6,324 shares in the last quarter. Wealthedge Investment Advisors LLC purchased a new position in Canadian National Railway during the fourth quarter worth $2,198,000. Brucke Financial Inc. purchased a new position in Canadian National Railway during the fourth quarter worth $219,000. Finally, Polar Asset Management Partners Inc. increased its position in Canadian National Railway by 233.3% during the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock worth $2,537,000 after buying an additional 17,500 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

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.