Canadian National Railway (NYSE:CNI) Receives $123.36 Consensus Target Price from Analysts

Shares of Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR have been given an average rating of "Moderate Buy" by the nineteen analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, seven have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $121.19.

CNI has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective 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. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Bank of America cut their target price 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, Royal Bank of Canada decreased their price target on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research note on Friday, January 31st.

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Institutional Investors Weigh In On Canadian National Railway

Large investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in Canadian National Railway by 7.5% during the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after buying an additional 1,934,622 shares during the period. Vanguard Group Inc. increased its holdings in shares of Canadian National Railway by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock valued at $2,334,251,000 after acquiring an additional 101,228 shares during the period. Capital International Investors increased its holdings in shares of Canadian National Railway by 12.8% in the 4th quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock valued at $1,199,680,000 after acquiring an additional 1,341,133 shares during the period. TD Asset Management Inc. raised its position in shares of Canadian National Railway by 2.7% in the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock worth $1,194,443,000 after acquiring an additional 309,210 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd lifted its stake in shares of Canadian National Railway by 4.8% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock worth $926,573,000 after purchasing an additional 422,078 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Up 4.1 %

NYSE CNI traded up $3.96 during trading hours on Tuesday, hitting $99.77. 1,712,787 shares of the company were exchanged, compared to its average volume of 1,273,766. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $130.63. 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 stock has a 50-day moving average price of $99.36 and a 200 day moving average price of $104.90. The stock 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 announced 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%. Analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced 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 yield of 2.47%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. Canadian National Railway's dividend payout ratio is presently 47.66%.

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.