Canadian National Railway (NYSE:CNI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR from a sell rating to a hold rating in a research note published on Friday morning.

A number of other analysts also recently weighed in on the stock. Stephens upped their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Raymond James downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Jefferies Financial Group reduced their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays reduced their target price on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research 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 issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.52.

Canadian National Railway Trading Up 1.0%

NYSE CNI traded up $1.01 during trading on Friday, hitting $105.90. The company had a trading volume of 1,248,801 shares, compared to its average volume of 1,328,279. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a one year low of $91.65 and a one year high of $126.78. The company has a market cap of $66.56 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company's fifty day moving average is $100.65 and its 200-day moving average is $102.13.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period in the prior year, the business earned $1.72 EPS. The company's revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $0.8875 per share. This represents a yield of 2.47%. This is an increase from Canadian National Railway's previous dividend of $0.29. The ex-dividend date is Monday, June 9th. Canadian National Railway's dividend payout ratio is 47.95%.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds and other institutional investors have recently bought and sold shares of CNI. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway during the 4th quarter valued at about $25,000. Arlington Trust Co LLC bought a new position in Canadian National Railway during the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. bought a new position in Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC lifted its stake in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares during the period. Finally, Dagco Inc. bought a new position in Canadian National Railway during the 1st quarter valued at about $32,000. Institutional investors own 80.74% of the company's stock.

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.