BidaskClub cut shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) from a buy rating to a hold rating in a research report released on Tuesday morning.

Other research analysts have also recently issued reports about the stock. Cowen and Company boosted their target price on shares of Canadian National Railway from $77.00 to $81.00 and gave the stock an outperform rating in a research report on Tuesday, April 25th. Credit Suisse Group reissued a neutral rating and set a $84.00 target price (up from $78.00) on shares of Canadian National Railway in a research report on Thursday, July 13th. They noted that the move was a valuation call. Barclays PLC reduced their target price on shares of Canadian National Railway from $71.00 to $69.00 and set an equal weight rating on the stock in a research report on Tuesday, April 25th. Stifel Nicolaus boosted their target price on shares of Canadian National Railway from $74.00 to $79.00 and gave the stock a hold rating in a research report on Thursday, June 15th. Finally, Zacks Investment Research raised shares of Canadian National Railway from a hold rating to a buy rating and set a $93.00 target price on the stock in a research report on Tuesday, July 11th. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $80.56.

Shares of Canadian National Railway (NYSE CNI) traded up 0.41% during midday trading on Tuesday, hitting $79.12. 1,003,750 shares of the stock were exchanged. Canadian National Railway has a 12 month low of $61.11 and a 12 month high of $84.48. The stock has a 50 day moving average price of $81.24 and a 200-day moving average price of $74.94. The company has a market cap of $59.42 billion, a PE ratio of 19.60 and a beta of 1.12.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.3276 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 annualized dividend and a yield of 1.66%. Canadian National Railway’s dividend payout ratio is currently 31.77%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Canadian National Railway by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,908 shares of the transportation company’s stock valued at $15,631,000 after buying an additional 11,991 shares during the last quarter. Guggenheim Capital LLC raised its stake in Canadian National Railway by 114.6% in the fourth quarter. Guggenheim Capital LLC now owns 12,809 shares of the transportation company’s stock valued at $863,000 after buying an additional 6,839 shares during the last quarter. Brookfield Asset Management Inc. acquired a new stake in Canadian National Railway during the fourth quarter valued at $17,710,000. First Financial Bank N.A. Trust Division raised its stake in Canadian National Railway by 3.9% in the first quarter. First Financial Bank N.A. Trust Division now owns 51,235 shares of the transportation company’s stock valued at $3,788,000 after buying an additional 1,918 shares during the last quarter. Finally, Cardinal Capital Management Inc. raised its stake in Canadian National Railway by 1.0% in the first quarter. Cardinal Capital Management Inc. now owns 561,925 shares of the transportation company’s stock valued at $41,405,000 after buying an additional 5,450 shares during the last quarter. Hedge funds and other institutional investors own 55.16% of the company’s stock.

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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