Analysts Set Canadian National Railway Co. (NYSE:CNI) Target Price at $74.70
Canadian National Railway Co. (NYSE:CNI) has received an average rating of “Hold” from the twenty-six research firms that are presently covering the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $74.70.
A number of equities analysts recently weighed in on CNI shares. Argus started coverage on Canadian National Railway in a research note on Tuesday, June 21st. They issued a “buy” rating and a $73.00 price target on the stock. Barclays PLC raised their price objective on Canadian National Railway from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Monday, September 12th. Desjardins restated a “hold” rating and set a $86.00 price objective on shares of Canadian National Railway in a research report on Tuesday, July 26th. TD Securities restated a “hold” rating and set a $87.00 price objective (up from $86.00) on shares of Canadian National Railway in a research report on Tuesday, July 26th. Finally, Atlantic Securities initiated coverage on Canadian National Railway in a research report on Thursday, August 11th. They set a “neutral” rating for the company.
Shares of Canadian National Railway (NYSE:CNI) opened at 64.29 on Monday. The firm has a 50-day moving average of $63.69 and a 200 day moving average of $61.51. Canadian National Railway has a 12 month low of $46.23 and a 12 month high of $66.22. The firm has a market cap of $49.61 billion, a P/E ratio of 18.65 and a beta of 1.12.
Canadian National Railway (NYSE:CNI) last issued its quarterly earnings results on Monday, July 25th. The company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.02. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3 billion. Canadian National Railway had a return on equity of 24.13% and a net margin of 29.55%. Canadian National Railway’s revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. On average, equities research analysts anticipate that Canadian National Railway will post $3.40 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a dividend of $0.288 per share. The ex-dividend date of this dividend is Wednesday, September 7th. Canadian National Railway’s dividend payout ratio is presently 33.72%.
Hedge funds have recently added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC boosted its stake in Canadian National Railway by 81.9% in the second quarter. Kistler Tiffany Companies LLC now owns 1,699 shares of the company’s stock worth $100,000 after buying an additional 765 shares in the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in Canadian National Railway during the second quarter worth about $104,000. Bessemer Group Inc. boosted its stake in Canadian National Railway by 119.4% in the first quarter. Bessemer Group Inc. now owns 1,968 shares of the company’s stock worth $123,000 after buying an additional 1,071 shares in the last quarter. Armbruster Capital Management Inc. boosted its stake in Canadian National Railway by 57.1% in the second quarter. Armbruster Capital Management Inc. now owns 2,200 shares of the company’s stock worth $130,000 after buying an additional 800 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in Canadian National Railway by 5.3% in the second quarter. Checchi Capital Advisers LLC now owns 2,680 shares of the company’s stock worth $158,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.
Canadian National Railway Company Profile
Canadian National Railway Co 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. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
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