Commerzbank Aktiengesellschaft FI Invests $234,000 in Canadian National Railway (NYSE:CNI)

Commerzbank Aktiengesellschaft FI purchased a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 2,000 shares of the transportation company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CNI. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Canadian National Railway in the second quarter worth approximately $26,000. Addison Advisors LLC raised its holdings in shares of Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares during the period. GAMMA Investing LLC raised its holdings in shares of Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 shares during the period. ORG Partners LLC bought a new position in Canadian National Railway in the second quarter worth approximately $34,000. Finally, Daiwa Securities Group Inc. bought a new position in Canadian National Railway in the first quarter worth approximately $64,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNI has been the topic of several research analyst reports. The Goldman Sachs Group dropped their price objective on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Stephens reissued an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday. Bank of America cut Canadian National Railway from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $129.00 to $122.00 in a research note on Friday, October 4th. Sanford C. Bernstein dropped their price objective 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, Evercore ISI dropped their price objective on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $125.18.

Canadian National Railway Stock Down 1.0 %

Canadian National Railway stock opened at $110.83 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The stock has a market capitalization of $69.80 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 2.50 and a beta of 0.88. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The business has a fifty day moving average price of $116.02 and a 200-day moving average price of $119.72.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Equities research analysts forecast that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.20%. Canadian National Railway’s dividend payout ratio (DPR) is 39.26%.

Canadian National Railway 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.