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Canadian National Railway Company (NYSE:CNI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Canadian National Railway logo with Transportation background

Canadian National Railway Company (NYSE:CNI - Get Free Report) TSE: CNR has received a consensus rating of "Moderate Buy" from the twenty ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, nine have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $120.52.

A number of analysts have weighed in on the company. Jefferies Financial Group reduced their target price on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Stephens raised their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Bank of America upped their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Raymond James Financial downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd.

Read Our Latest Stock Analysis on CNI

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors have recently bought and sold shares of CNI. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway during the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway in the 4th quarter valued at about $30,000. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares in the last quarter. Dagco Inc. acquired a new stake in Canadian National Railway during the 1st quarter worth $32,000. Finally, Bruce G. Allen Investments LLC raised its holdings in Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after acquiring an additional 106 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Down 0.6%

Shares of Canadian National Railway stock traded down $0.57 during trading on Friday, hitting $101.55. The stock had a trading volume of 1,359,471 shares, compared to its average volume of 1,323,293. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $123.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. The firm's fifty day simple moving average is $102.59 and its 200-day simple moving average is $101.52. The stock has a market cap of $63.76 billion, a PE ratio of 19.80, a PEG ratio of 1.91 and a beta of 0.98.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 earnings per share. As a group, sell-side analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $0.8875 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a dividend yield of 2.47%. This is an increase from Canadian National Railway's previous dividend of $0.29. Canadian National Railway's payout ratio is presently 50.49%.

About Canadian National Railway

(Get Free Report

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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