Canadian National Railway (NYSE:CNI) Sets New 12-Month High – Here’s What Happened

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $115.98 and last traded at $115.87, with a volume of 258152 shares changing hands. The stock had previously closed at $114.24.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CNI. Barclays lifted their target price on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Stephens decreased their price target on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Evercore decreased their price target on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a research note on Monday, February 2nd. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the stock from $117.00 to $122.00 in a research note on Thursday, April 9th. Finally, UBS Group downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Stock Up 2.0%

The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market capitalization of $70.82 billion, a PE ratio of 21.19, a P/E/G ratio of 2.19 and a beta of 0.95. The business’s 50 day moving average price is $108.41 and its 200-day moving average price is $103.21.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 earnings per share. As a group, equities research analysts forecast that Canadian National Railway Company will post 5.76 earnings per share for the current year.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.915 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.1%. Canadian National Railway’s payout ratio is 48.73%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. High Point Wealth Management LLC acquired a new position in Canadian National Railway during the 4th quarter worth approximately $27,000. Hollencrest Capital Management acquired a new position in Canadian National Railway during the 3rd quarter worth approximately $28,000. Costello Asset Management INC grew its holdings in Canadian National Railway by 83.3% during the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after acquiring an additional 150 shares in the last quarter. Curio Wealth LLC acquired a new position in Canadian National Railway during the 4th quarter worth approximately $31,000. Finally, MidFirst Bank acquired a new position in Canadian National Railway during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.