Canadian National Railway (NYSE:CNI) Receives $124.19 Average Target Price from Analysts

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, seven have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $124.19.

A number of equities research analysts have issued reports on CNI shares. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Susquehanna reduced their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Royal Bank of Canada reduced their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Finally, Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway during the 4th quarter worth $25,000. Coastline Trust Co purchased a new position in Canadian National Railway during the 3rd quarter worth $34,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway during the 4th quarter worth $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway during the 4th quarter worth $30,000. Finally, Addison Advisors LLC grew its position in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

NYSE:CNI opened at $97.70 on Friday. The stock has a market capitalization of $61.40 billion, a P/E ratio of 19.08, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $134.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a 50 day moving average price of $101.77 and a 200 day moving average price of $107.84.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 47.66%.

Canadian National Railway Company Profile

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.