Canadian National Railway (NYSE:CNI) Sets New 52-Week High – Still a Buy?

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) reached a new 52-week high during trading on Monday . The company traded as high as $129.54 and last traded at $129.1150, with a volume of 355 shares trading hands. The stock had previously closed at $129.03.

Wall Street Analyst Weigh In

CNI has been the topic of several recent research reports. Bank of America boosted their target price on Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Citizens Jmp initiated coverage on Canadian National Railway in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Barclays lifted their price objective on Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. National Bank Financial set a $124.00 price objective on Canadian National Railway in a research note on Thursday, June 25th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $140.00 target price (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $132.12.

Canadian National Railway Price Performance

The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The company has a market cap of $77.16 billion, a PE ratio of 23.15, a P/E/G ratio of 2.42 and a beta of 0.96. The stock has a 50-day simple moving average of $119.12 and a 200 day simple moving average of $110.09.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.31. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 EPS. Equities analysts expect that Canadian National Railway Company will post 5.67 EPS for the current year.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is 48.55%.

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. High Point Wealth Management LLC purchased a new stake in Canadian National Railway in the fourth quarter valued at approximately $27,000. MidFirst Bank acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at $31,000. Curio Wealth LLC purchased a new stake in shares of Canadian National Railway in the 4th quarter valued at $31,000. Caitong International Asset Management Co. Ltd lifted its stake in Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after acquiring an additional 280 shares in the last quarter. Finally, MBM Wealth Consultants LLC purchased a new position in Canadian National Railway during the 1st quarter valued at about $37,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

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.