Texas Yale Capital Corp. Takes Position in Canadian National Railway Company $CNI

Texas Yale Capital Corp. purchased a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the third quarter, Holdings Channel reports. The firm purchased 8,007 shares of the transportation company’s stock, valued at approximately $755,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Addison Advisors LLC grew its stake in shares of Canadian National Railway by 124.0% during the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 150 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of Canadian National Railway during the 3rd quarter worth about $28,000. First Horizon Corp bought a new stake in Canadian National Railway in the third quarter valued at approximately $30,000. Costello Asset Management INC lifted its holdings in Canadian National Railway by 83.3% during the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after acquiring an additional 150 shares in the last quarter. Finally, Curio Wealth LLC increased its stake in Canadian National Railway by 31,600.0% during the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after purchasing an additional 316 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Susquehanna upped their price target on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Royal Bank Of Canada cut their target price on shares of Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Citigroup lowered their price objective on Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Barclays reduced their price target on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. Finally, Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.91.

Canadian National Railway Trading Up 0.2%

Shares of Canadian National Railway stock opened at $107.55 on Tuesday. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $108.75. The company has a market capitalization of $65.94 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94. The stock has a fifty day simple moving average of $99.66 and a 200 day simple moving average of $96.56. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the previous year, the firm earned $1.82 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.915 per share. The ex-dividend date is Tuesday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 annualized dividend and a yield of 3.4%. Canadian National Railway’s dividend payout ratio (DPR) is currently 46.59%.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.