Canadian National Railway (NYSE:CNI) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR released its quarterly earnings results on Tuesday. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02), Zacks reports. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%.

Canadian National Railway Stock Up 0.9%

Shares of Canadian National Railway stock traded up $0.89 on Tuesday, hitting $100.44. The company had a trading volume of 2,469,839 shares, compared to its average volume of 1,345,315. The stock has a market capitalization of $62.92 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 1.99 and a beta of 0.97. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $122.19. The stock has a 50 day moving average of $104.62 and a 200-day moving average of $101.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.62.

Canadian National Railway Increases Dividend

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

Analyst Ratings Changes

Several research firms recently issued reports on CNI. Citigroup reduced their price target on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. Susquehanna lifted their price objective on Canadian National Railway from $120.00 to $122.00 and gave the company a "positive" rating in a report on Tuesday, June 24th. Evercore ISI lowered their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Jefferies Financial Group lowered their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Stephens boosted their price target on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.86.

Institutional Trading of Canadian National Railway

A hedge fund recently bought a new stake in Canadian National Railway stock. AQR Capital Management LLC acquired a new position in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,194 shares of the transportation company's stock, valued at approximately $311,000. Institutional investors own 80.74% of the company's stock.

About Canadian National Railway

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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