Canadian National Railway (NYSE:CNI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have received an average rating of “Hold” from the twenty brokerages that are currently covering the firm, MarketBeat Ratings reports. Seventeen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $134.47.

A number of equities analysts have issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Wednesday. Barclays raised their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. 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 began coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They set a “hold” rating and a $130.00 price target for the company. Finally, Stephens reissued an “equal weight” rating and issued a $140.00 price objective on shares of Canadian National Railway in a research note on Wednesday.

Institutional Investors Weigh In On Canadian National Railway

Large investors have recently bought and sold shares of the stock. Avantax Advisory Services Inc. boosted its holdings in Canadian National Railway by 33.5% in the third quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company’s stock worth $1,300,000 after acquiring an additional 3,011 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Canadian National Railway by 5.0% in the 3rd quarter. Spire Wealth Management now owns 4,602 shares of the transportation company’s stock worth $498,000 after purchasing an additional 219 shares in the last quarter. YCG LLC grew its position in Canadian National Railway by 6.0% in the 4th quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock valued at $31,418,000 after purchasing an additional 14,249 shares during the period. Manning & Napier Group LLC increased its stake in Canadian National Railway by 7.5% during the 4th quarter. Manning & Napier Group LLC now owns 669,988 shares of the transportation company’s stock valued at $84,171,000 after purchasing an additional 46,517 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in Canadian National Railway during the third quarter worth $1,266,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.4 %

Shares of NYSE:CNI opened at $125.23 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.47 and a current ratio of 0.60. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The company has a market capitalization of $79.98 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.18 and a beta of 0.88. The company has a fifty day moving average of $129.49 and a 200-day moving average of $122.43.

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 dividend on an annualized basis and a dividend yield of 2.00%. Canadian National Railway’s payout ratio is presently 40.03%.

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.