Canadian National Railway Company (NYSE:CNI) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Canadian National Railway has received a consensus rating of "Hold" from twenty analysts, with varying ratings of sell, hold, buy, and strong buy. The average 1-year price objective is $116.86.
• The company's recent quarterly earnings report showed EPS of $1.35, missing estimates by $0.02, with revenue declining by 1.3% year-over-year.
• Canadian National Railway has announced a dividend increase to $0.6507 per share, translating to an annualized dividend of $2.60 and a dividend yield of 2.8%.

Shares of Canadian National Railway Company (NYSE:CNI - Get Free Report) TSE: CNR have earned a consensus recommendation of "Hold" from the twenty analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $116.8575.

CNI has been the topic of a number of research analyst reports. Barclays reduced their price objective on shares of Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. National Bank Financial downgraded shares of Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 23rd. Argus upgraded shares of Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Finally, Bank of America reduced their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a "neutral" rating on the stock in a research note on Monday.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 124.0% in the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company's stock worth $28,000 after buying an additional 150 shares during the last quarter. Dagco Inc. bought a new position in shares of Canadian National Railway in the 1st quarter worth about $32,000. Curio Wealth LLC lifted its position in shares of Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company's stock worth $33,000 after buying an additional 316 shares during the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of 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 worth $34,000 after buying an additional 106 shares during the last quarter. Finally, CX Institutional bought a new position in shares of Canadian National Railway in the 1st quarter worth about $39,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Price Performance

CNI opened at $93.94 on Tuesday. Canadian National Railway has a twelve month low of $91.07 and a twelve month high of $117.42. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The firm has a market cap of $58.32 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.14 and a beta of 0.94. The company has a fifty day simple moving average of $94.53 and a 200 day simple moving average of $99.11.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the company earned $1.84 earnings per share. The company's revenue was down 1.3% compared to the same quarter last year. Equities research analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 8th were given a $0.6507 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, September 8th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's payout ratio is 50.19%.

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.

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