Analysts Set Canadian National Railway Company (NYSE:CNI) Target Price at $120.86

Canadian National Railway Company (NYSE:CNI - Get Free Report) TSE: CNR has been assigned a consensus rating of "Moderate Buy" from the nineteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $120.86.

A number of research analysts have recently commented on the company. Barclays raised their price target on Canadian National Railway from $101.00 to $106.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Bank of America raised their target price on Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Susquehanna raised their target price on Canadian National Railway from $120.00 to $122.00 and gave the company a "positive" rating in a research note on Tuesday, June 24th. Argus raised Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Finally, Evercore ISI decreased their target price on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd.

Canadian National Railway Stock Performance

Shares of CNI traded down $1.04 during trading hours on Thursday, reaching $101.84. 1,908,099 shares of the company's stock traded hands, compared to its average volume of 1,327,066. The firm has a market capitalization of $63.80 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.07 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $123.50. The business's fifty day simple moving average is $104.63 and its two-hundred day simple moving average is $101.67.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $1.72 earnings per share. Analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

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

Institutional Investors Weigh In On Canadian National Railway

Hedge funds have recently bought and sold shares of the business. Lee Danner & Bass Inc. purchased a new stake in Canadian National Railway in the 4th quarter worth about $30,000. Dagco Inc. purchased a new stake in shares of Canadian National Railway during the 1st quarter worth about $32,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after buying an additional 106 shares during the last quarter. CX Institutional acquired a new stake in shares of Canadian National Railway during the 1st quarter valued at about $39,000. Finally, Brooklyn Investment Group lifted its holdings in shares of Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after buying an additional 333 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

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.