Canadian National Railway (NYSE:CNI) Short Interest Down 10.5% in March

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 7,000,000 shares, a drop of 10.5% from the March 15th total of 7,820,000 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is currently 6.9 days.

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds have recently modified their holdings of CNI. O Dell Group LLC acquired a new position in shares of Canadian National Railway during the 4th quarter worth $29,000. GAMMA Investing LLC increased its position in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company's stock worth $31,000 after buying an additional 207 shares during the last quarter. Tyler Stone Wealth Management acquired a new position in Canadian National Railway during the second quarter worth $30,000. JFS Wealth Advisors LLC raised its holdings in Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company's stock valued at $35,000 after buying an additional 229 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Canadian National Railway by 121.0% in the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company's stock worth $40,000 after buying an additional 202 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNI has been the subject of several recent analyst reports. TD Securities cut shares of Canadian National Railway from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Citigroup lifted their price target on Canadian National Railway from $121.00 to $128.00 and gave the company a "neutral" rating in a research report on Wednesday, January 24th. Susquehanna dropped their price objective on Canadian National Railway from $143.00 to $140.00 and set a "neutral" rating on the stock in a research note on Thursday, March 28th. Stifel Nicolaus raised their target price on Canadian National Railway from $121.00 to $134.00 and gave the company a "hold" rating in a research note on Friday. Finally, Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a research report on Wednesday, April 10th. Eighteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $147.52.

Canadian National Railway Stock Up 0.3 %

NYSE CNI traded up $0.34 during trading on Monday, reaching $128.79. 701,534 shares of the company's stock were exchanged, compared to its average volume of 996,954. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The company's fifty day simple moving average is $129.76 and its 200-day simple moving average is $121.17. The firm has a market capitalization of $82.47 billion, a PE ratio of 20.23, a P/E/G ratio of 2.23 and a beta of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Sell-side analysts predict that Canadian National Railway will post 5.96 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.638 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.58. This represents a $2.55 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Wednesday, March 6th. Canadian National Railway's payout ratio is currently 39.59%.

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.