Brokerages Set Canadian National Railway (NYSE:CNI) PT at $140.71

Canadian National Railway (NYSE:CNI) (TSE:CNR) has been assigned a consensus rating of “Hold” from the twenty-six ratings firms that are covering the company, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $140.71.

A number of equities analysts have recently commented on CNI shares. Loop Capital downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $157.00 price objective for the company. in a research note on Wednesday, September 1st. Scotiabank raised their target price on shares of Canadian National Railway from C$147.00 to C$160.00 and gave the company an “outperform” rating in a research note on Monday, September 20th. Barclays cut their target price on shares of Canadian National Railway from $119.00 to $115.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 14th. Wells Fargo & Company cut their target price on shares of Canadian National Railway from $120.00 to $119.00 and set an “equal weight” rating for the company in a research note on Friday, July 9th. Finally, Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, September 1st.

Canadian National Railway stock opened at $118.76 on Monday. The firm has a 50-day moving average of $114.44 and a 200-day moving average of $111.18. Canadian National Railway has a one year low of $98.69 and a one year high of $128.41. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.76. The company has a market cap of $84.20 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 3.18 and a beta of 0.81.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Monday, July 19th. The transportation company reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.01. Canadian National Railway had a net margin of 28.27% and a return on equity of 20.00%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the prior year, the business posted $1.28 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts expect that Canadian National Railway will post 4.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 29th. Stockholders of record on Wednesday, September 8th were issued a dividend of $0.4827 per share. The ex-dividend date was Tuesday, September 7th. This represents a $1.93 annualized dividend and a dividend yield of 1.63%. Canadian National Railway’s dividend payout ratio is presently 48.99%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank increased its holdings in shares of Canadian National Railway by 1.4% during the second quarter. Toronto Dominion Bank now owns 3,414,394 shares of the transportation company’s stock worth $362,582,000 after purchasing an additional 47,295 shares during the period. Swiss National Bank increased its holdings in shares of Canadian National Railway by 5.7% during the second quarter. Swiss National Bank now owns 3,045,058 shares of the transportation company’s stock worth $321,894,000 after purchasing an additional 165,358 shares during the period. Advisory Services Network LLC increased its holdings in shares of Canadian National Railway by 2.9% during the first quarter. Advisory Services Network LLC now owns 8,378 shares of the transportation company’s stock worth $971,000 after purchasing an additional 236 shares during the period. K.J. Harrison & Partners Inc increased its stake in Canadian National Railway by 11.3% in the second quarter. K.J. Harrison & Partners Inc now owns 19,687 shares of the transportation company’s stock valued at $2,079,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Marino Stram & Associates LLC bought a new position in Canadian National Railway in the second quarter valued at approximately $336,000. 56.45% of the stock is currently owned by institutional investors.

About Canadian National Railway

Canadian National Railway Co engages in rail and related transportation business. The firm’s services include rail, intermodal, trucking, supply chain services, business development and maps and network. It offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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