Canadian National Railway (NYSE:CNI) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a neutral rating to an overweight rating in a research report released on Tuesday morning, MarketBeat Ratings reports.

A number of other equities analysts have also recently weighed in on the company. Susquehanna dropped their price target on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective for the company in a research note on Monday, October 7th. Stephens reissued an “equal weight” rating and set a $116.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Finally, Sanford C. Bernstein lowered their price target on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $122.48.

Canadian National Railway Stock Down 1.8 %

CNI stock opened at $102.47 on Tuesday. The firm has a market cap of $64.47 billion, a PE ratio of 16.42, a P/E/G ratio of 2.43 and a beta of 0.91. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The firm has a 50 day simple moving average of $106.58 and a 200 day simple moving average of $112.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. Equities research analysts forecast that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s dividend payout ratio is presently 38.14%.

Institutional Trading of Canadian National Railway

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after purchasing an additional 790,420 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Canadian National Railway by 7.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after acquiring an additional 674,536 shares during the period. JARISLOWSKY FRASER Ltd lifted its position in Canadian National Railway by 1.2% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock worth $1,017,315,000 after acquiring an additional 99,716 shares during the last quarter. National Bank of Canada FI boosted its holdings in Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after acquiring an additional 2,137,948 shares during the period. Finally, Fiera Capital Corp grew its position in shares of Canadian National Railway by 0.7% in the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock valued at $642,828,000 after purchasing an additional 39,063 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.