Canadian National Railway’s (CNI) “Hold” Rating Reiterated at Benchmark

Benchmark restated their hold rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a report released on Wednesday morning, Benzinga reports.

A number of other brokerages have also weighed in on CNI. CIBC lowered shares of Canadian National Railway from a sector outperform rating to a neutral rating in a report on Wednesday, January 10th. Jefferies Financial Group assumed coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They set a hold rating and a $130.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a hold rating in a research report on Friday, April 12th. Susquehanna lifted their price target 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. Finally, TD Securities cut shares of Canadian National Railway from a buy rating to a hold rating in a research report on Monday, January 8th. Eighteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of Hold and a consensus price target of $149.05.

Canadian National Railway Stock Performance

NYSE CNI opened at $125.30 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.47 and a debt-to-equity ratio of 0.84. The firm has a market cap of $80.03 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.18 and a beta of 0.88. The company has a 50 day moving average of $129.49 and a 200-day moving average of $122.34. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly 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. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. On average, equities analysts forecast that Canadian National Railway will post 5.92 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio is currently 40.03%.

Institutional Trading of Canadian National Railway

Institutional investors have recently bought and sold shares of the business. Bfsg LLC boosted its holdings in Canadian National Railway by 110.5% in the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 105 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after acquiring an additional 207 shares during the period. JFS Wealth Advisors LLC lifted its holdings in shares of Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after acquiring an additional 229 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after acquiring an additional 202 shares during the period. Finally, Keener Financial Planning LLC bought a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $46,000. Institutional investors 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.