Canadian National Railway Company (CNI) Earning Somewhat Favorable Media Coverage, Report Finds
Media coverage about Canadian National Railway Company (NYSE:CNI) (TSE:CNR) has trended somewhat positive this week, according to Alpha One Sentiment Analysis. The research firm, a unit of Accern, scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Canadian National Railway Company earned a media sentiment score of 0.21 on Alpha One’s scale. Alpha One also gave news articles about the transportation company an impact score of 38 out of 100, indicating that recent press coverage is unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Alpha One Sentiment’s analysis:
- Canadian National Railway Company (CNI) to Post Q2 2017 Earnings of $0.94 Per Share, Desjardins Forecasts (americanbankingnews.com)
- Canadian National Railway (CNI) PT Raised to $79 at Stifel Following Analyst Day (streetinsider.com)
- Canadian Natl Railway Co (CNI) Shareholder Mawer Investment Management LTD Decreased Holding by $3.60 … – KL Daily (kldaily.com)
- Canadian National Railway : Somewhat Positive News Coverage Very Unlikely to Affect Canadian National Railway Company (CNI) Share Price (4-traders.com)
- One Stock I Can't Wait to Buy On Sale (finance.yahoo.com)
Canadian National Railway Company (NYSE:CNI) traded up 2.62% during midday trading on Friday, reaching $81.77. 1,442,577 shares of the company’s stock traded hands. Canadian National Railway Company has a 52 week low of $55.73 and a 52 week high of $81.83. The company’s 50-day moving average price is $76.36 and its 200 day moving average price is $72.14. The stock has a market capitalization of $61.83 billion, a price-to-earnings ratio of 22.80 and a beta of 1.12.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be paid a $0.3059 dividend. This represents a $1.22 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, June 7th. Canadian National Railway Company’s payout ratio is 33.15%.
Several analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Canadian National Railway Company from $74.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of Canadian National Railway Company from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Credit Suisse Group restated a “neutral” rating and set a $78.00 target price (up previously from $77.00) on shares of Canadian National Railway Company in a research report on Sunday, May 28th. Barclays PLC restated an “equal weight” rating and set a $81.00 target price (up previously from $69.00) on shares of Canadian National Railway Company in a research report on Wednesday, May 17th. Finally, Cowen and Company lifted their target price on shares of Canadian National Railway Company from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 25th. Fifteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $80.38.
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About Canadian National Railway Company
Canadian National Railway Company 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 and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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