Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “hold” rating reaffirmed by research analysts at Loop Capital in a research report issued to clients and investors on Saturday.
Other analysts also recently issued research reports about the stock. Citigroup Inc increased their price objective on shares of Canadian National Railway from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, January 25th. Zacks Investment Research downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Scotiabank upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Friday, March 3rd. Raymond James Financial, Inc. upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 4th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and issued a $72.00 price objective (up previously from $70.00) on shares of Canadian National Railway in a report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $77.00.
Shares of Canadian National Railway (NYSE:CNI) traded up 0.32% on Friday, hitting $74.72. The stock had a trading volume of 868,076 shares. The company has a market cap of $56.81 billion, a P/E ratio of 21.47 and a beta of 1.07. Canadian National Railway has a 52-week low of $55.73 and a 52-week high of $75.06. The company has a 50-day moving average of $72.97 and a 200-day moving average of $69.01.
Canadian National Railway (NYSE:CNI) last released its quarterly earnings data on Tuesday, January 24th. The transportation company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.32. The company earned $3.22 billion during the quarter, compared to the consensus estimate of $2.32 billion. Canadian National Railway had a net margin of 30.29% and a return on equity of 24.02%. Canadian National Railway’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. On average, equities analysts anticipate that Canadian National Railway will post $3.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 10th were given a $0.3097 dividend. This represents a $1.24 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, March 8th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.28. Canadian National Railway’s dividend payout ratio (DPR) is currently 31.73%.
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A number of institutional investors have recently modified their holdings of the stock. SRS Capital Advisors Inc. acquired a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $137,000. Sowell Financial Services LLC acquired a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $142,000. Salem Investment Counselors Inc. acquired a new position in shares of Canadian National Railway during the third quarter valued at approximately $166,000. Quadrant Capital Group LLC boosted its position in shares of Canadian National Railway by 2.4% in the third quarter. Quadrant Capital Group LLC now owns 2,745 shares of the transportation company’s stock valued at $171,000 after buying an additional 65 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new position in shares of Canadian National Railway during the third quarter valued at approximately $200,000. 55.16% of the stock is owned by institutional investors.
About Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s 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 and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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