Canadian National Railway (NYSE:CNI) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR have been given a consensus recommendation of "Hold" by the nineteen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $125.86.

A number of brokerages have recently issued reports on CNI. Citigroup raised shares of Canadian National Railway from a "neutral" rating to a "buy" rating and upped their price objective for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Wells Fargo & Company upgraded Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 price objective for the company in a report on Monday, October 7th. Sanford C. Bernstein lowered their target price on Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Benchmark restated a "hold" rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Finally, Evercore ISI lowered their price objective on Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating for the company in a research note on Wednesday, October 23rd.

Canadian National Railway Stock Up 0.5 %

Shares of NYSE CNI traded up $0.50 during mid-day trading on Wednesday, reaching $109.66. 1,030,522 shares of the company's stock traded hands, compared to its average volume of 1,125,391. The stock has a market cap of $69.06 billion, a P/E ratio of 17.57, a PEG ratio of 2.59 and a beta of 0.89. The business has a 50-day simple moving average of $111.98 and a 200 day simple moving average of $116.28. Canadian National Railway has a 1-year low of $105.28 and a 1-year high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The company's revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts expect that Canadian National Railway will post 5.33 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway's payout ratio is presently 39.26%.

Hedge Funds Weigh In On Canadian National Railway

Institutional investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Canadian National Railway in the second quarter valued at about $26,000. Addison Advisors LLC grew its position in shares of Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock valued at $28,000 after purchasing an additional 148 shares during the last quarter. Fortitude Family Office LLC grew its position in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. Coastline Trust Co purchased a new position in shares of Canadian National Railway during the third quarter valued at approximately $34,000. Finally, ORG Partners LLC purchased a new position in shares of Canadian National Railway during the second quarter valued at approximately $34,000. Institutional investors and hedge funds 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.