Canadian National Railway Company (NYSE:CNI) Stock Has Average Target Price of $137.49 According to Brokerages

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) has been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $137.49.

A number of brokerages have recently weighed in on CNI. National Bank Financial set a $124.00 price objective on shares of Canadian National Railway in a report on Thursday, June 25th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Monday, July 27th. Royal Bank Of Canada raised their target price on Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Citigroup lowered their price target on Canadian National Railway from $151.00 to $143.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, Argus reiterated a “hold” rating on shares of Canadian National Railway in a research note on Monday, August 31st.

Canadian National Railway Stock Performance

CNI stock traded up $1.11 during trading on Friday, reaching $121.85. The company had a trading volume of 809,684 shares, compared to its average volume of 1,052,668. The company has a market cap of $73.42 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96. Canadian National Railway has a twelve month low of $90.74 and a twelve month high of $131.55. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.61 and a current ratio of 0.87. The firm has a 50-day simple moving average of $122.33 and a 200-day simple moving average of $119.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $3.35 billion for 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%. Canadian National Railway’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.87 EPS. As a group, sell-side analysts expect that Canadian National Railway will post 5.80 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th were paid a C$0.92 dividend. This represents a $3.66 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.10%.

Institutional Investors Weigh In On Canadian National Railway

Large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. increased its stake in shares of Canadian National Railway by 5.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 4,546,356 shares of the transportation company’s stock valued at $532,519,000 after purchasing an additional 248,401 shares in the last quarter. Triasima Portfolio Management inc. boosted its position in Canadian National Railway by 35.6% during the third quarter. Triasima Portfolio Management inc. now owns 145,653 shares of the transportation company’s stock worth $17,379,000 after purchasing an additional 38,233 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Canadian National Railway by 1.0% during the third quarter. Assenagon Asset Management S.A. now owns 16,701 shares of the transportation company’s stock worth $1,993,000 after purchasing an additional 161 shares in the last quarter. Ninety One UK Ltd acquired a new stake in Canadian National Railway in the third quarter valued at approximately $447,000. Finally, Focus Financial Network Inc. grew its holdings in Canadian National Railway by 5.6% in the third quarter. Focus Financial Network Inc. now owns 1,956 shares of the transportation company’s stock valued at $233,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that operates a major freight rail network in Canada and the United States. Its network connects the Atlantic, Pacific and Gulf coasts, serving ports, industrial centers, agricultural regions and major population markets.

CN transports a broad range of commodities and manufactured goods, including forest products, grain and fertilizers, coal, metals and minerals, petroleum and chemicals, automotive products, and consumer goods.