Brokerages Set Canadian National Railway Company (NYSE:CNI) Target Price at $137.40

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) has received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $137.3964.

CNI has been the topic of a number of analyst reports. Evercore raised 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. Citigroup increased their target price on Canadian National Railway from $124.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Barclays raised their price target on Canadian National Railway from $109.00 to $130.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th.

Hedge Funds Weigh In On Canadian National Railway

A number of institutional investors and hedge funds have recently made changes to their positions in CNI. High Point Wealth Management LLC purchased a new position in shares of Canadian National Railway in the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. purchased a new stake in Canadian National Railway during the second quarter worth about $27,000. Curio Wealth LLC purchased a new stake in Canadian National Railway during the fourth quarter worth about $31,000. MidFirst Bank purchased a new stake in Canadian National Railway during the fourth quarter worth about $31,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Canadian National Railway by 378.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after buying an additional 280 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.2%

CNI stock opened at $127.10 on Friday. The stock has a market capitalization of $76.91 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.37 and a beta of 0.95. The company has a fifty day moving average of $124.40 and a 200-day moving average of $115.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.61 and a current ratio of 0.87. Canadian National Railway has a one year low of $90.74 and a one year high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 earnings per share. As a group, analysts expect that Canadian National Railway will post 5.81 EPS for the current year.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be issued a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a yield of 2.9%. Canadian National Railway’s dividend payout ratio (DPR) is 47.34%.

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.