Canadian National Railway (NYSE:CNI) Receives $134.33 Average Price Target from Brokerages

Canadian National Railway (NYSE:CNI) (TSE:CNR) has been assigned a consensus rating of “Hold” from the twenty research firms that are presently covering the firm, MarketBeat Ratings reports. Seventeen equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $134.47.

Several research firms have recently weighed in on CNI. Wells Fargo & Company increased their price objective on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Stifel Nicolaus raised their target price on Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. TD Securities cut Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Susquehanna raised their price objective on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors have recently bought and sold shares of CNI. Bfsg LLC boosted its holdings in Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock worth $26,000 after acquiring an additional 105 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after purchasing an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after purchasing an additional 202 shares in the last quarter. Finally, Rational Advisors LLC purchased a new stake in Canadian National Railway in the 3rd quarter valued at about $41,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 1.6 %

Shares of CNI stock opened at $124.78 on Tuesday. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The stock has a market cap of $79.70 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.26 and a beta of 0.88. The stock has a 50-day moving average of $129.58 and a 200-day moving average of $122.22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.17%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. On average, equities research analysts forecast that Canadian National Railway will post 5.93 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.625 per share. The ex-dividend date is Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 2.00%. Canadian National Railway’s payout ratio is 40.03%.

About Canadian National Railway

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.