Canadian National Railway Company (NYSE:CNI) Short Interest Update

Canadian National Railway Company (NYSE:CNI - Get Free Report) TSE: CNR saw a large increase in short interest in May. As of May 31st, there was short interest totalling 3,350,000 shares, an increase of 45.0% from the May 15th total of 2,310,000 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 1,420,000 shares, the short-interest ratio is presently 2.4 days.

Canadian National Railway Trading Down 0.3%

Shares of NYSE:CNI traded down $0.29 during mid-day trading on Thursday, hitting $101.77. The company had a trading volume of 1,322,029 shares, compared to its average volume of 1,334,380. The firm has a fifty day moving average price of $102.31 and a 200 day moving average price of $101.77. The company has a market capitalization of $63.90 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98. 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 one year low of $91.65 and a one year high of $123.96.

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

Canadian National Railway Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CNI shares. Royal Bank Of Canada restated an "outperform" rating and issued a $163.00 price target on shares of Canadian National Railway in a research note on Thursday, June 5th. Stifel Nicolaus reduced their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Raymond James Financial downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Stephens raised their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Bank of America lifted their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Canadian National Railway presently has an average rating of "Moderate Buy" and an average target price of $120.36.

Hedge Funds Weigh In On Canadian National Railway

Several large investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. boosted its position in shares of Canadian National Railway by 233.3% during the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock valued at $2,537,000 after buying an additional 17,500 shares during the last quarter. Cypress Asset Management Inc. TX bought a new position in Canadian National Railway during the 4th quarter valued at $875,000. CIBC Asset Management Inc boosted its holdings in Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after acquiring an additional 571,967 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Canadian National Railway by 6.7% in the 4th quarter. Focus Partners Wealth now owns 10,368 shares of the transportation company's stock worth $1,078,000 after acquiring an additional 655 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Canadian National Railway by 23.3% in the first quarter. Ritholtz Wealth Management now owns 10,957 shares of the transportation company's stock valued at $1,068,000 after purchasing an additional 2,068 shares during the last quarter. 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.