Analysts Set Canadian National Railway Company (NYSE:CNI) Price Target at $132.12

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $137.3964.

A number of research firms have recently weighed in on CNI. National Bank Financial set a $124.00 price objective on Canadian National Railway in a research note on Thursday, June 25th. Stephens raised shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Citigroup boosted their price objective on shares of Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Citizens Jmp began coverage on shares of Canadian National Railway in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Bank of America increased their price objective on Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $127.15 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The stock has a market cap of $77.06 billion, a PE ratio of 22.54, a PEG ratio of 2.38 and a beta of 0.95. The company’s fifty day moving average is $121.62 and its 200 day moving average is $111.76. Canadian National Railway has a 52 week low of $90.74 and a 52 week high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.87 earnings per share. Research analysts anticipate that Canadian National Railway will post 5.78 earnings per share for the current year.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be issued a $0.915 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 annualized dividend and a yield of 2.9%. Canadian National Railway’s payout ratio is 47.34%.

Hedge Funds Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently modified their holdings of the stock. High Point Wealth Management LLC bought a new stake in Canadian National Railway during the 4th quarter valued at approximately $27,000. MidFirst Bank purchased a new stake in Canadian National Railway in the fourth quarter worth about $31,000. Curio Wealth LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd increased its position in Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after buying an additional 280 shares in the last quarter. Finally, MBM Wealth Consultants LLC bought a new stake in Canadian National Railway in the first quarter worth $37,000. Hedge funds and other institutional investors 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.