Canadian National Railway (NYSE:CNI) Earns Neutral Rating from Analysts at Goldman Sachs Group
Goldman Sachs Group assumed coverage on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a research note issued to investors on Wednesday morning, Benzinga’s Daily Ratings Newsletter reports. The firm issued a neutral rating and a $97.00 price objective on the transportation company’s stock.
A number of other equities research analysts have also issued reports on the company. BMO Capital Markets increased their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 in a research note on Tuesday, April 30th. Stephens restated a hold rating and set a $110.00 price objective on shares of Twilio in a research note on Tuesday, April 30th. Royal Bank of Canada set a €145.00 ($168.60) price objective on Aena SME and gave the company a sell rating in a research note on Tuesday, April 30th. National Bank Financial lowered Golden Star Resources from an outperform overweight rating to a sector perform overweight rating in a research note on Thursday, March 28th. Finally, Stifel Nicolaus raised their price objective on Western Digital from $48.00 to $55.00 and gave the company a buy rating in a research note on Tuesday, April 30th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $98.03.
CNI stock opened at $93.70 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. Canadian National Railway has a 1 year low of $70.36 and a 1 year high of $95.11. The firm has a market capitalization of $67.53 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 1.96 and a beta of 1.01. The company has a 50-day moving average of $91.99.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a dividend of $0.3982 per share. This represents a $1.59 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, June 6th. Canadian National Railway’s dividend payout ratio is presently 38.94%.
A number of large investors have recently added to or reduced their stakes in CNI. Norges Bank bought a new position in Canadian National Railway during the 4th quarter worth approximately $483,340,000. FIL Ltd lifted its holdings in Canadian National Railway by 22.7% during the 1st quarter. FIL Ltd now owns 9,901,396 shares of the transportation company’s stock worth $886,372,000 after buying an additional 1,829,102 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Canadian National Railway during the 1st quarter worth approximately $165,551,000. Lazard Asset Management LLC lifted its holdings in Canadian National Railway by 348.2% during the 1st quarter. Lazard Asset Management LLC now owns 1,262,495 shares of the transportation company’s stock worth $112,967,000 after buying an additional 980,798 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Canadian National Railway by 36.9% during the 4th quarter. Deutsche Bank AG now owns 3,442,007 shares of the transportation company’s stock worth $255,082,000 after buying an additional 927,659 shares during the last quarter. 54.29% of the stock is currently owned by 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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