Canadian National Railway (NYSE:CNI) Sets New 12-Month High – Should You Buy?

Canadian National Railway Company (NYSE:CNI) (TSE:CNR)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $112.51 and last traded at $112.1370, with a volume of 235333 shares. The stock had previously closed at $112.19.

Analyst Ratings Changes

CNI has been the subject of a number of analyst reports. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Royal Bank Of Canada decreased their price objective on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, February 2nd. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Susquehanna increased their price target on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Finally, Citigroup reduced their price objective on Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.91.

Canadian National Railway Stock Up 0.3%

The business has a fifty day moving average of $101.80 and a 200 day moving average of $97.60. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94. The firm has a market cap of $69.01 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.36 and a beta of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $1.82 EPS. On average, equities research analysts predict that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $0.915 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, March 10th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.3%. Canadian National Railway’s dividend payout ratio is presently 46.59%.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds and other institutional investors have recently bought and sold shares of the company. High Point Wealth Management LLC acquired a new position in shares of Canadian National Railway during the 4th quarter valued at $27,000. Addison Advisors LLC boosted its stake in shares of Canadian National Railway by 124.0% in the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after buying an additional 150 shares during the last quarter. Hollencrest Capital Management bought a new stake in Canadian National Railway during the third quarter valued at about $28,000. MidFirst Bank purchased a new stake in shares of Canadian National Railway during the fourth quarter worth about $31,000. Finally, Curio Wealth LLC bought a new position in Canadian National Railway during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.