Canadian National Railway (NYSE:CNI) Given “Outperform” Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a research note published on Friday,Benzinga reports. They currently have a $174.00 price target on the transportation company’s stock.

Other analysts have also issued reports about the stock. Sanford C. Bernstein lowered their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Bank of America lowered their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. Finally, Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $125.94.

Canadian National Railway Stock Down 2.5 %

Shares of CNI opened at $99.86 on Friday. The firm has a market cap of $62.83 billion, a P/E ratio of 16.00, a P/E/G ratio of 2.43 and a beta of 0.91. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The stock has a 50 day simple moving average of $106.41 and a two-hundred day simple moving average of $112.42. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $1.26 earnings per share. On average, 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. Stockholders of record on Monday, December 9th were paid a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is 38.14%.

Institutional Trading of Canadian National Railway

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Grove Bank & Trust lifted its position in shares of Canadian National Railway by 15.3% in the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after buying an additional 97 shares in the last quarter. Catalytic Wealth RIA LLC raised its stake in shares of Canadian National Railway by 2.3% in the third quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock valued at $654,000 after acquiring an additional 123 shares during the period. Harrington Investments INC boosted its stake in shares of Canadian National Railway by 0.6% during the 3rd quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock worth $2,384,000 after purchasing an additional 130 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Canadian National Railway by 15.6% in the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company’s stock worth $113,000 after purchasing an additional 131 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its stake in shares of Canadian National Railway by 3.2% during the third quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company’s stock valued at $513,000 after buying an additional 135 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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.