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.
Canadian National Railway Stock Up 2.0 %
CNI opened at $128.76 on Thursday. The firm has a 50-day simple moving average of $115.27 and a two-hundred day simple moving average of $120.18. Canadian National Railway has a 52 week low of $104.67 and a 52 week high of $137.19. The company has a market capitalization of $88.45 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.98 and a beta of 0.84. The company has a quick ratio of 0.55, a current ratio of 0.71 and a debt-to-equity ratio of 0.55.
Canadian National Railway Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be issued a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, September 7th. Canadian National Railway's dividend payout ratio (DPR) is presently 40.35%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CNI. 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 for the company in a report on Wednesday, May 18th. National Bank Financial boosted their target price on shares of Canadian National Railway from C$160.00 to C$166.00 in a research note on Wednesday, July 27th. Credit Suisse Group initiated coverage on shares of Canadian National Railway in a research note on Monday, June 27th. They set a "neutral" rating and a $122.00 target price for the company. Desjardins boosted their target price on shares of Canadian National Railway from C$167.00 to C$169.00 in a research note on Wednesday, July 27th. Finally, CIBC upgraded shares of Canadian National Railway from a "neutral" rating to a "sector outperform" rating in a research note on Thursday, June 2nd. Fourteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of "Hold" and a consensus target price of $142.24.