Canadian National Railway Co. (CNI) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Canadian National Railway Co. (NYSE:CNI) (TSE:CNR) have been assigned an average recommendation of “Hold” from the thirty brokerages that are covering the stock. Two research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $76.29.
CNI has been the subject of a number of recent research reports. Vertical Research initiated coverage on Canadian National Railway in a report on Tuesday, October 11th. They issued a “hold” rating for the company. Citigroup Inc. upped their target price on Canadian National Railway from $61.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, September 13th. Scotiabank reaffirmed a “sector perform” rating and issued a $87.00 target price on shares of Canadian National Railway in a report on Sunday, October 2nd. Loop Capital initiated coverage on Canadian National Railway in a report on Monday, September 26th. They issued a “hold” rating and a $64.00 target price for the company. Finally, Raymond James Financial Inc. cut Canadian National Railway from an “outperform” rating to a “market perform” rating in a report on Monday, October 17th.
A number of hedge funds have recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC increased its stake in 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 in the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in Canadian National Railway during the second quarter worth about $104,000. Carroll Financial Associates Inc. increased its stake in Canadian National Railway by 8.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,638 shares of the company’s stock worth $107,000 after buying an additional 132 shares in the last quarter. Armbruster Capital Management Inc. increased its stake in 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 in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Canadian National Railway by 4.0% in the second quarter. Quadrant Capital Group LLC now owns 2,680 shares of the company’s stock worth $149,000 after buying an additional 104 shares in the last quarter. 54.22% of the stock is owned by institutional investors and hedge funds.
Canadian National Railway (NYSE:CNI) traded up 0.0402% during trading on Monday, hitting $66.7468. The stock had a trading volume of 439,386 shares. The firm has a market capitalization of $51.15 billion, a P/E ratio of 19.8888 and a beta of 1.00. Canadian National Railway has a one year low of $46.23 and a one year high of $67.66. The stock has a 50 day moving average of $64.76 and a 200 day moving average of $62.53.
Canadian National Railway (NYSE:CNI) last issued its earnings results on Tuesday, October 25th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.33. Canadian National Railway had a return on equity of 23.70% and a net margin of 29.78%. The business earned $3.01 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts expect that Canadian National Railway will post $3.35 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be given a $0.28 dividend. The ex-dividend date is Wednesday, December 7th. Canadian National Railway’s dividend payout ratio is currently 33.33%.
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About Canadian National Railway
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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