Canadian National Railway (NYSE:CNI) (TSE:CNR) has been given a consensus recommendation of “Hold” by the nineteen research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $77.14.

A number of research firms have commented on CNI. Zacks Investment Research downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Royal Bank of Canada restated an “outperform” rating on shares of Canadian National Railway in a research report on Wednesday, October 25th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating and issued a $89.00 price target on shares of Canadian National Railway in a research report on Friday, October 6th. Finally, Cowen restated a “buy” rating and issued a $83.00 price target on shares of Canadian National Railway in a research report on Sunday, September 24th.

Canadian National Railway (NYSE CNI) traded down $0.58 during midday trading on Monday, reaching $80.35. 1,145,909 shares of the company’s stock were exchanged, compared to its average volume of 1,105,798. Canadian National Railway has a 12-month low of $66.77 and a 12-month high of $84.48. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 0.58. The company has a market cap of $60,381.87, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 2.19 and a beta of 1.09.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.3304 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, December 7th. This represents a $1.32 annualized dividend and a yield of 1.64%. Canadian National Railway’s dividend payout ratio (DPR) is presently 33.33%.

Canadian National Railway declared that its board has approved a stock buyback plan on Tuesday, October 24th that authorizes the company to buyback 31,000,000 outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Canadian National Railway by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 253,063 shares of the transportation company’s stock worth $18,709,000 after purchasing an additional 21,155 shares during the last quarter. HL Financial Services LLC increased its position in shares of Canadian National Railway by 23.5% in the second quarter. HL Financial Services LLC now owns 5,279 shares of the transportation company’s stock worth $428,000 after acquiring an additional 1,005 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Canadian National Railway by 118.2% in the second quarter. Canada Pension Plan Investment Board now owns 204,700 shares of the transportation company’s stock worth $16,585,000 after acquiring an additional 110,900 shares in the last quarter. Duff & Phelps Investment Management Co. purchased a new position in shares of Canadian National Railway in the second quarter worth approximately $7,854,000. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Canadian National Railway by 82.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 98,366 shares of the transportation company’s stock worth $7,962,000 after acquiring an additional 44,403 shares in the last quarter. 53.83% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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