Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have been assigned an average rating of “Hold” from the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $98.03.
A number of equities research analysts have weighed in on CNI shares. BMO Capital Markets upped their price target on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 in a report on Tuesday, April 30th. National Bank Financial downgraded shares of Golden Star Resources from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, March 28th. Citigroup set a $20.00 price target on shares of Compania de Minas Buenaventura SAA and gave the company a “buy” rating in a report on Thursday, April 4th. Macquarie set a $52.00 price target on shares of Southwest Airlines and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, Goldman Sachs Group downgraded shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday.
NYSE CNI traded up $0.11 on Tuesday, reaching $93.70. The company’s stock had a trading volume of 551,086 shares, compared to its average volume of 598,961. Canadian National Railway has a twelve month low of $70.36 and a twelve month high of $95.11. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $67.53 billion, a PE ratio of 22.52, a PEG ratio of 1.96 and a beta of 1.01. The business has a 50 day moving average price of $91.99.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Monday, April 29th. The transportation company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.28. Canadian National Railway had a net margin of 29.86% and a return on equity of 23.64%. The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the company earned $1.00 EPS. Canadian National Railway’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Canadian National Railway will post 4.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a dividend of $0.3982 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.59 annualized dividend and a yield of 1.70%. Canadian National Railway’s payout ratio is presently 38.94%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sontag Advisory LLC acquired a new stake in Canadian National Railway during the 4th quarter worth about $26,000. Brand Asset Management Group Inc. acquired a new position in shares of Canadian National Railway in the 1st quarter valued at about $36,000. Tortoise Investment Management LLC acquired a new position in shares of Canadian National Railway in the 1st quarter valued at about $36,000. Somerset Trust Co increased its holdings in shares of Canadian National Railway by 158.6% in the 1st quarter. Somerset Trust Co now owns 437 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 268 shares during the period. Finally, Icon Wealth Partners LLC acquired a new position in shares of Canadian National Railway in the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 54.29% of the company’s stock.
About Canadian National Railway
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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