About Canadian National Railway Company
Canadian National Railway Co is a Canada based company, engaged in the rail and related transportation business. Its network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. Its freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive. The petroleum and chemicals commodity group comprises various commodities, including chemicals and plastics, refined petroleum products, natural gas liquids, crude oil and sulfur. The metals and minerals commodity group consists primarily of materials related to oil and gas development, steel, iron ore, non-ferrous base metals and ores, construction materials and machinery, and dimensional loads. The forest products commodity group includes various types of lumber, panels, paper, wood pulp and other fibers.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Railroads
- Sub-Industry: N/A
- Exchange: NYSE
- Symbol: CNI
- Previous Close: $71.96
- 50 Day Moving Average: $70.12
- 200 Day Moving Average: $66.46
- 52-Week Range: $55.27 - $72.58
- Trailing P/E Ratio: 20.22
- Foreward P/E Ratio: 17.60
- P/E Growth: 3.69
- Market Cap: $54.87B
- Outstanding Shares: 760,299,000
- Beta: 1.07
- Net Margins: 30.29%
- Return on Equity: 24.02%
- Return on Assets: 9.79%
Companies Related to Canadian National Railway Company:
- Debt-to-Equity Ratio: 0.64%
- Current Ratio: 0.70%
- Quick Ratio: 0.58%
What is Canadian National Railway Company's stock symbol?
Canadian National Railway Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNI."
How often does Canadian National Railway Company pay dividends? What is the dividend yield for Canadian National Railway Company?
Canadian National Railway Company announced a quarterly dividend on Wednesday, January 25th. Stockholders of record on Friday, March 10th will be paid a dividend of $0.3097 per share on Friday, March 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, March 8th. This is a boost from Canadian National Railway Company's previous quarterly dividend of $0.28.
Where is Canadian National Railway Company's stock going? Where will Canadian National Railway Company's stock price be in 2017?
24 analysts have issued 12-month target prices for Canadian National Railway Company's stock. Their forecasts range from $64.00 to $95.00. On average, they expect Canadian National Railway Company's stock price to reach $77.83 in the next twelve months.
What are analysts saying about Canadian National Railway Company stock?
Here are some recent quotes from research analysts about Canadian National Railway Company stock:
According to Zacks Investment Research, "Although shares of Canadian National have underperformed the broader industry over the past three months, the company received good news lately when it reported better than expected earnings in the fourth quarter of 2016. The bottom line also expanded significantly on a year-over-year basis. Earnings benefited from efficient expense management. However, Canadian National continued to grapple with top line-related woes as evidenced by its lower-than-expected revenues. The top line, however, expanded 1% on a year-over-year basis. We are also impressed by the company's decision to hike its quarterly cash dividend by 10%." (1/27/2017)
Loop Capital analysts commented, "With the railroad operating ratio falling from 89 percent at the time of the IPO to ~56 percent this year, and with pricing continuing to outpace productivity-adjusted cost inflation, it's only a matter of time before management will be forced to choose whether or not to cross the 50 percent Rubicon, triggering greater regulatory scrutiny including possible re-regulation," analyst Rick Paterson wrote in a note.Paterson said the business should remain "somewhat stagnant" in to 2017 due to weak energy markets and lower demand from industries. However, grain and intermodal are the two bright spots in otherwise dull story.Related Link: The Week In Rails: Carloads For The Big 6The analyst expects the company's intermodal volumes in 2017 to be positive versus year-to-date decline of 2.2 percent in 2016. In terms of materiality, intermodal and agriculture combined represent 40 percent of total year-to-date sales at Canadian National.Meanwhile, pricing is inflating faster than costs and the analyst expects 2017 core pricing to be in the low- to mid-2 percent range. In fact, the Canadian Transportation Agency, in formulating its latest grain cap projects the company's (and Canadian Pacific Railway Limited (USA) (NYSE: CP)'s) wage and benefits inflation in 2016/2017 projected to be 1.4 percent, materials inflation of 1.5 percent, and other non-fuel items up 1.2 percent. "So the margin story isn't, quite, over for CN, and if we factor in some headwind from likely higher fuel prices in 2017 we still come up with a 60 basis point improvement in the operating ratio to 55.1 percent and EPS a little over $5/share," (9/26/2016)
Who owns Canadian National Railway Company stock?
Canadian National Railway Company's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Bill & Melinda Gates Foundation Trust (2.25%), FMR LLC (2.04%), Franklin Resources Inc. (0.99%), Fiera Capital Corp (0.55%), Burgundy Asset Management Ltd. (0.39%) and Russell Investments Group Ltd. (0.33%).
Who sold Canadian National Railway Company stock? Who is selling Canadian National Railway Company stock?
Canadian National Railway Company's stock was sold by a variety of institutional investors in the last quarter, including Brown Advisory Inc., Intact Investment Management Inc., Aberdeen Asset Management PLC UK, Allianz Asset Management AG, Renaissance Technologies LLC, Ashmore Wealth Management LLC, Teachers Retirement System of The State of Kentucky and William Blair Investment Management LLC.
Who bought Canadian National Railway Company stock? Who is buying Canadian National Railway Company stock?
Canadian National Railway Company's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., FMR LLC, Congress Asset Management Co. MA, Fiera Capital Corp, Barometer Capital Management Inc., Flinton Capital Management LLC, Scotia Capital Inc. and Tyers Asset Management LLC.
How do I buy Canadian National Railway Company stock?
Shares of Canadian National Railway Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Canadian National Railway Company stock cost?
One share of Canadian National Railway Company stock can currently be purchased for approximately $72.17.