Citigroup upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a neutral rating to a buy rating in a research note published on Tuesday morning, Marketbeat reports. The brokerage currently has $100.00 price target on the transportation company’s stock.

Several other research analysts have also issued reports on CNI. Zacks Investment Research raised shares of Canadian National Railway from a hold rating to a buy rating and set a $101.00 target price on the stock in a research note on Monday, July 30th. Cowen reissued a buy rating and set a $98.00 target price on shares of Canadian National Railway in a research note on Wednesday, July 25th. Macquarie raised shares of Canadian National Railway from a neutral rating to an outperform rating in a research note on Thursday, September 20th. Barclays cut their target price on shares of Canadian National Railway from $80.00 to $77.00 and set an equal weight rating on the stock in a research note on Wednesday, July 25th. Finally, ValuEngine raised shares of Canadian National Railway from a hold rating to a buy rating in a research note on Wednesday, July 25th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $90.71.

NYSE:CNI opened at $88.03 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.64. Canadian National Railway has a 52 week low of $70.59 and a 52 week high of $90.57. The firm has a market capitalization of $63.60 billion, a PE ratio of 21.98, a PEG ratio of 2.24 and a beta of 1.05.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, July 24th. The transportation company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.46. Canadian National Railway had a net margin of 42.08% and a return on equity of 22.90%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the firm posted $1.34 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. equities research analysts forecast that Canadian National Railway will post 4.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be paid a $0.3429 dividend. This represents a $1.37 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is 35.94%.

Institutional investors have recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board lifted its stake in shares of Canadian National Railway by 259.6% in the second quarter. Ontario Teachers Pension Plan Board now owns 238,557 shares of the transportation company’s stock valued at $19,513,000 after buying an additional 172,221 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Canadian National Railway by 4.5% in the second quarter. Bank of Nova Scotia now owns 2,741,220 shares of the transportation company’s stock valued at $223,356,000 after buying an additional 117,340 shares in the last quarter. Guyasuta Investment Advisors Inc. purchased a new stake in shares of Canadian National Railway in the second quarter valued at about $213,000. Cumberland Partners Ltd purchased a new stake in shares of Canadian National Railway in the second quarter valued at about $1,283,000. Finally, Bridgewater Associates LP raised its holdings in shares of Canadian National Railway by 271.9% in the second quarter. Bridgewater Associates LP now owns 301,682 shares of the transportation company’s stock valued at $24,661,000 after purchasing an additional 220,570 shares during the last quarter. 53.99% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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