Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR had its price target reduced by Susquehanna from $122.00 to $120.00 in a research note published on Wednesday,Benzinga reports. They currently have a positive rating on the transportation company's stock.
A number of other research analysts have also weighed in on CNI. Raymond James Financial upgraded Canadian National Railway from a "market perform" rating to an "outperform" rating in a report on Thursday, July 17th. Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Stifel Nicolaus dropped their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays dropped their target price on Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, National Bank Financial lowered Canadian National Railway from an "outperform" rating to a "sector perform" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $118.36.
Read Our Latest Analysis on Canadian National Railway
Canadian National Railway Trading Up 0.5%
Shares of Canadian National Railway stock traded up $0.45 during midday trading on Wednesday, reaching $95.87. The company had a trading volume of 2,287,331 shares, compared to its average volume of 1,606,836. The stock has a fifty day moving average price of $103.72 and a 200 day moving average price of $101.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.43. The firm has a market cap of $60.06 billion, a PE ratio of 18.44, a P/E/G ratio of 2.12 and a beta of 0.97. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $121.12.
Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%. The company's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.84 EPS. On average, equities analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.
Canadian National Railway Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be given a $0.6507 dividend. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is currently 50.19%.
Institutional Trading of Canadian National Railway
Large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Canadian National Railway in the fourth quarter valued at $563,048,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Canadian National Railway in the second quarter valued at $310,489,000. Royal Bank of Canada grew its position in shares of Canadian National Railway by 7.5% in the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after purchasing an additional 1,934,622 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Canadian National Railway by 37.3% in the first quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company's stock valued at $518,260,000 after purchasing an additional 1,439,617 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Canadian National Railway by 33.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock valued at $557,278,000 after purchasing an additional 1,380,554 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.
Canadian National Railway Company Profile
(
Get Free Report)
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.
Featured Stories

Before you consider Canadian National Railway, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian National Railway wasn't on the list.
While Canadian National Railway currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.