Canadian National Railway’s (CNI) “Equal Weight” Rating Reiterated at Stephens

Stephens reiterated their equal weight rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a report released on Wednesday, Benzinga reports. They currently have a $116.00 price target on the transportation company’s stock.

Several other equities research analysts have also issued reports on the stock. Barclays lifted their target price on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. The Goldman Sachs Group dropped their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus boosted their price objective on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Citigroup started coverage on shares of Canadian National Railway in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $125.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $125.18.

Canadian National Railway Stock Up 0.1 %

Shares of NYSE:CNI opened at $110.96 on Wednesday. The firm has a fifty day moving average price of $115.97 and a two-hundred day moving average price of $119.66. The company has a market cap of $69.88 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.

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 (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. Analysts anticipate that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.20%. Canadian National Railway’s dividend payout ratio is presently 39.26%.

Institutional Trading of Canadian National Railway

Several large investors have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. lifted its position in shares of Canadian National Railway by 7.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after purchasing an additional 674,536 shares during the period. Capital International Investors boosted its position in Canadian National Railway by 18.1% during the 1st quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock valued at $1,185,647,000 after acquiring an additional 1,379,976 shares in the last quarter. JARISLOWSKY FRASER Ltd grew its holdings in shares of Canadian National Railway by 1.2% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock worth $1,017,315,000 after acquiring an additional 99,716 shares during the period. Fiera Capital Corp raised its position in shares of Canadian National Railway by 13.3% in the 2nd quarter. Fiera Capital Corp now owns 5,443,461 shares of the transportation company’s stock worth $643,503,000 after acquiring an additional 638,817 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Canadian National Railway by 2.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock valued at $570,667,000 after purchasing an additional 120,453 shares during the period. Institutional investors 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.