Credit Suisse Group reaffirmed their neutral rating on shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in a research report sent to investors on Friday morning.

A number of other equities research analysts have also recently issued reports on CNI. Cowen and Company lifted their price target on shares of Canadian National Railway from $77.00 to $81.00 and gave the company an outperform rating in a research note on Tuesday, April 25th. Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $73.00 to $74.00 and gave the company a hold rating in a research note on Tuesday, April 25th. Barclays PLC dropped their price target on shares of Canadian National Railway from $71.00 to $69.00 and set an equal weight rating on the stock in a research note on Tuesday, April 25th. BidaskClub raised shares of Canadian National Railway from a buy rating to a strong-buy rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research raised shares of Canadian National Railway from a hold rating to a buy rating and set a $93.00 price target on the stock in a research note 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. The company presently has a consensus rating of Hold and a consensus price target of $80.56.

Canadian National Railway (NYSE CNI) opened at 79.02 on Friday. The stock has a market cap of $59.34 billion, a P/E ratio of 19.58 and a beta of 1.12. 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 of $81.24 and a 200 day moving average of $75.08.

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

Several institutional investors have recently made changes to their positions in the company. City Holding Co. increased its position in shares of Canadian National Railway by 15.4% in the second quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock worth $106,000 after buying an additional 175 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of Canadian National Railway by 598.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,404 shares of the transportation company’s stock worth $104,000 after buying an additional 1,203 shares during the period. UBS Asset Management Americas Inc. purchased a new position in shares of Canadian National Railway during the first quarter worth approximately $123,000. Proficio Capital Partners LLC increased its position in shares of Canadian National Railway by 151.9% in the first quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock worth $135,000 after buying an additional 1,066 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in shares of Canadian National Railway by 14.4% in the first quarter. SRS Capital Advisors Inc. now owns 2,324 shares of the transportation company’s stock worth $171,000 after buying an additional 293 shares during the period. 55.11% of the stock is owned by institutional investors and hedge funds.

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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