Canadian National Railway (NYSE:CNI) Receives Consensus Rating of “Hold” from Analysts

Shares of Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) have been given an average rating of “Hold” by the nineteen analysts that are currently covering the company, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $130.35.

Several equities analysts have commented on the stock. Stephens increased their price objective on shares of Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Barclays increased their price objective on shares of Canadian National Railway from $109.00 to $113.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 25th. Susquehanna increased their price objective on shares of Canadian National Railway from $112.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Wells Fargo & Company increased their price objective on shares of Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, CIBC lowered shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th.

View Our Latest Report on Canadian National Railway

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $129.16 on Thursday. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $129.66. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The firm has a fifty day moving average price of $123.48 and a 200 day moving average price of $115.93. The firm has a market cap of $83.16 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.80 and a beta of 0.88.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a dividend of $0.638 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.55 dividend on an annualized basis and a yield of 1.98%. Canadian National Railway’s dividend payout ratio (DPR) is presently 36.59%.

Institutional Investors Weigh In On Canadian National Railway

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tyler Stone Wealth Management bought a new stake in shares of Canadian National Railway in the 2nd quarter valued at about $30,000. Optiver Holding B.V. bought a new stake in shares of Canadian National Railway in the 2nd quarter valued at about $32,000. JFS Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 241.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 202 shares in the last quarter. Finally, Rational Advisors LLC bought a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $41,000. Institutional investors own 67.60% of the company’s stock.

About Canadian National Railway

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Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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