Somewhat Favorable News Coverage Somewhat Unlikely to Affect Canadian National Railway (CNI) Stock Price
News coverage about Canadian National Railway (NYSE:CNI) (TSE:CNR) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Canadian National Railway earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 46.4331419465273 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Canadian National Railway Company (CNI) is at $81.73 per share and INC Research Holdings, Inc. (INCR) is listed at … – Stocks Gallery (stocksgallery.com)
- Stocks take a breather after two days of record highs (finance.yahoo.com)
- Canadian National Railway Company (CNI) Expected to Post Earnings of $1.08 Per Share (americanbankingnews.com)
- Morgan Stanley weighs in on railroads – Seeking Alpha (seekingalpha.com)
- Riding The Rails: Canadian Train Stocks Preferred To CSX, Union Pacific – Benzinga (benzinga.com)
Canadian National Railway (NYSE:CNI) traded down 0.82% during mid-day trading on Thursday, reaching $80.62. The company’s stock had a trading volume of 756,875 shares. The firm has a 50-day moving average of $81.09 and a 200 day moving average of $78.33. The firm has a market capitalization of $60.55 billion, a price-to-earnings ratio of 19.27 and a beta of 1.13. Canadian National Railway has a 1-year low of $61.72 and a 1-year high of $84.48.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a $0.3276 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, September 7th. Canadian National Railway’s dividend payout ratio is currently 34.38%.
Several research analysts have recently issued reports on CNI shares. BidaskClub downgraded Canadian National Railway from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Credit Suisse Group reaffirmed a “neutral” rating and set a $84.00 price target (up previously from $78.00) on shares of Canadian National Railway in a research note on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Tuesday, July 11th. Stifel Nicolaus lifted their price target on Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, June 15th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $83.00 price target on shares of Canadian National Railway in a research note on Sunday, September 24th. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $81.80.
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Canadian National Railway Company Profile
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.
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