Canadian National Railway Co. (CNI) Coverage Initiated at Vertical Research
Investment analysts at Vertical Research assumed coverage on shares of Canadian National Railway Co. (NYSE:CNI) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.
A number of other brokerages have also commented on CNI. Cowen and Company upped their price objective on Canadian National Railway from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, July 26th. Loop Capital began coverage on Canadian National Railway in a report on Monday, September 26th. They issued a “hold” rating and a $64.00 price objective on the stock. TD Securities reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Canadian National Railway in a report on Saturday. Barclays PLC upped their price objective on Canadian National Railway from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Monday, September 12th. Finally, Desjardins reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Canadian National Railway in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $74.16.
Shares of Canadian National Railway (NYSE:CNI) traded down 0.225% during mid-day trading on Tuesday, hitting $66.859. The stock had a trading volume of 506,862 shares. The stock’s 50-day moving average price is $64.53 and its 200 day moving average price is $61.96. Canadian National Railway has a 1-year low of $46.23 and a 1-year high of $67.66. The company has a market capitalization of $51.59 billion, a P/E ratio of 19.481 and a beta of 1.10.
Canadian National Railway (NYSE:CNI) last posted its earnings results on Monday, July 25th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3 billion. Canadian National Railway had a return on equity of 24.13% and a net margin of 29.55%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.15 EPS. On average, analysts predict that Canadian National Railway will post $3.41 EPS for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were paid a $0.288 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 33.43%.
A number of large investors have recently made changes to their positions in the stock. Kistler Tiffany Companies LLC boosted its stake in shares of Canadian National Railway by 81.9% in the second quarter. Kistler Tiffany Companies LLC now owns 1,699 shares of the company’s stock worth $100,000 after buying an additional 765 shares during the period. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Canadian National Railway during the second quarter worth approximately $104,000. Bessemer Group Inc. boosted its stake in shares of Canadian National Railway by 119.4% in the first quarter. Bessemer Group Inc. now owns 1,968 shares of the company’s stock worth $123,000 after buying an additional 1,071 shares during the period. Armbruster Capital Management Inc. boosted its stake in shares of Canadian National Railway by 57.1% in the second quarter. Armbruster Capital Management Inc. now owns 2,200 shares of the company’s stock worth $130,000 after buying an additional 800 shares during the period. Finally, Liberty Capital Management Inc. purchased a new stake in shares of Canadian National Railway during the third quarter worth approximately $158,000. 56.06% of the stock is owned by hedge funds and other institutional investors.
Canadian National Railway Company Profile
Canadian National Railway Co is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
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