Canadian National Railway (NYSE:CNI) Sees Unusually-High Trading Volume - Should You Buy?

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR saw unusually-high trading volume on Friday . Approximately 2,366,566 shares traded hands during trading, an increase of 78% from the previous session's volume of 1,330,493 shares.The stock last traded at $105.74 and had previously closed at $105.57.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CNI shares. Bank of America raised their price objective on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Stifel Nicolaus cut 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 report on Monday, April 14th. Susquehanna raised shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target on the stock in a research report on Tuesday, May 6th. Raymond James lowered shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Stephens lifted their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $119.52.

Canadian National Railway Price Performance

The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The business's 50-day moving average price is $100.99 and its two-hundred day moving average price is $102.14. The firm has a market cap of $66.33 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.95 and a beta of 0.98.

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

Canadian National Railway Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.8875 per share. This represents a dividend yield of 2.47%. This is a boost 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 50.29%.

Hedge Funds Weigh In On Canadian National Railway

Large investors have recently bought and sold shares of the business. Militia Capital Partners LP acquired a new stake in shares of Canadian National Railway during the 1st quarter worth approximately $1,920,000. Intech Investment Management LLC grew its stake in Canadian National Railway by 112.5% during the 1st quarter. Intech Investment Management LLC now owns 49,745 shares of the transportation company's stock worth $4,840,000 after buying an additional 26,331 shares during the last quarter. Focus Partners Wealth increased its position in Canadian National Railway by 11.1% in the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company's stock worth $1,122,000 after buying an additional 1,146 shares during the period. Ransom Advisory Ltd acquired a new stake in Canadian National Railway in the first quarter worth $78,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Canadian National Railway by 42.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 975,049 shares of the transportation company's stock valued at $95,028,000 after buying an additional 292,704 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.

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