Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of 19,500 route miles of track spanning Canada and the United States. The company also provides vessels and docks, transloading and distribution, automotive logistics, and freight forwarding and transportation management services. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.
Analyst Upgrades and Downgrades
Several research firms have recently commented on CNI. Susquehanna reduced their price target on Canadian National Railway from $137.00 to $127.00 in a report on Wednesday, July 6th. Citigroup reduced their price objective on shares of Canadian National Railway from $140.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, May 19th. Barclays reduced their price objective on shares of Canadian National Railway from $120.00 to $115.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 12th. BMO Capital Markets upgraded shares of Canadian National Railway from a "market perform" rating to an "outperform" rating and set a $170.00 price objective on the stock in a report on Wednesday, May 18th. Finally, Credit Suisse Group started coverage on shares of Canadian National Railway in a report on Monday, June 27th. They issued a "neutral" rating and a $122.00 price objective on the stock. Fourteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $142.24.
Canadian National Railway Price Performance
Shares of NYSE:CNI opened at $127.42 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55. Canadian National Railway has a twelve month low of $104.99 and a twelve month high of $137.19. The stock has a 50 day moving average of $116.94 and a two-hundred day moving average of $120.54. The stock has a market cap of $87.22 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.00 and a beta of 0.84.
Canadian National Railway Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be paid a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, September 7th. Canadian National Railway's dividend payout ratio (DPR) is presently 40.35%.