Canadian National Railway Company (NYSE:CNI) Receives $118.36 Consensus Price Target from Brokerages

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have been assigned an average rating of “Hold” from the twenty brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $118.3575.

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Stephens raised their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Barclays reduced their target price on shares of Canadian National Railway from $106.00 to $99.00 and set an “equal weight” rating for the company in a report on Wednesday, July 23rd. Argus raised shares of Canadian National Railway to a “hold” rating in a report on Friday, June 27th. Finally, Raymond James Financial upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Thursday, July 17th.

Canadian National Railway Trading Up 0.1%

Canadian National Railway stock opened at $93.92 on Monday. The stock has a 50-day simple moving average of $100.61 and a 200 day simple moving average of $100.71. The stock has a market capitalization of $58.84 billion, a P/E ratio of 18.06, a PEG ratio of 2.09 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $121.12.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the business earned $1.84 earnings per share. The business’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be given a $0.6507 dividend. The ex-dividend date is Monday, September 8th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.8%. Canadian National Railway’s dividend payout ratio (DPR) is 50.19%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hendershot Investments Inc. raised its position in Canadian National Railway by 20.5% during the second quarter. Hendershot Investments Inc. now owns 112,355 shares of the transportation company’s stock valued at $11,689,000 after purchasing an additional 19,094 shares in the last quarter. StoneX Group Inc. bought a new position in shares of Canadian National Railway in the 2nd quarter valued at $419,000. Tema Etfs LLC raised its holdings in shares of Canadian National Railway by 26.3% during the 2nd quarter. Tema Etfs LLC now owns 11,357 shares of the transportation company’s stock worth $1,182,000 after buying an additional 2,363 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Canadian National Railway by 10.8% during the 2nd quarter. Brown Advisory Inc. now owns 899,287 shares of the transportation company’s stock worth $93,562,000 after buying an additional 87,943 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Canadian National Railway by 2.9% during the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock worth $1,778,000 after buying an additional 474 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

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.