Brokerages Set Canadian National Railway Company (NYSE:CNI) PT at $126.12

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $126.1236.

Several equities analysts recently issued reports on the stock. Evercore raised shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price objective on the stock in a report on Thursday, June 25th. Weiss Ratings upgraded Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Royal Bank Of Canada increased their target price on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce lifted their price target on Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Finally, National Bank Financial set a $124.00 price target on Canadian National Railway in a research report on Thursday, June 25th.

Institutional Trading of Canadian National Railway

Several institutional investors and hedge funds have recently bought and sold shares of CNI. High Point Wealth Management LLC acquired a new stake in Canadian National Railway during the fourth quarter worth about $27,000. MidFirst Bank purchased a new position in shares of Canadian National Railway during the fourth quarter worth $31,000. Curio Wealth LLC acquired a new position in Canadian National Railway in the 4th quarter valued at about $31,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Canadian National Railway by 378.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 280 shares in the last quarter. Finally, MBM Wealth Consultants LLC acquired a new position in shares of Canadian National Railway in the first quarter worth $37,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.4%

Canadian National Railway stock traded up $0.47 during midday trading on Thursday, hitting $122.13. 124,814 shares of the company’s stock were exchanged, compared to its average volume of 1,593,639. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. Canadian National Railway has a 12 month low of $90.74 and a 12 month high of $122.60. The firm has a 50-day moving average of $116.00 and a two-hundred day moving average of $107.84. The company has a market cap of $74.10 billion, a PE ratio of 22.21, a P/E/G ratio of 2.29 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the business posted $1.85 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts expect that Canadian National Railway will post 5.75 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.55%.

Canadian National Railway Company Profile

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.