Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have been assigned an average rating of “Hold” from the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. Eleven analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $83.98.

Several research analysts recently weighed in on CNI shares. Bank of America cut shares of Canadian National Railway from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 6th. Credit Suisse Group restated a “neutral” rating and issued a $75.00 price objective (down from $83.00) on shares of Canadian National Railway in a research report on Thursday, March 8th. Seaport Global Securities restated a “neutral” rating on shares of Canadian National Railway in a research report on Friday, March 23rd. Zacks Investment Research cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. Finally, UBS Group upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 3rd.

Hedge funds and other institutional investors have recently modified their holdings of the business. Investec Asset Management LTD grew its position in Canadian National Railway by 7.2% during the fourth quarter. Investec Asset Management LTD now owns 591,737 shares of the transportation company’s stock valued at $48,818,000 after acquiring an additional 39,919 shares during the last quarter. Elkfork Partners LLC bought a new position in Canadian National Railway during the fourth quarter valued at approximately $9,376,000. Sun Life Financial INC grew its position in Canadian National Railway by 9.5% during the fourth quarter. Sun Life Financial INC now owns 11,007 shares of the transportation company’s stock valued at $907,000 after acquiring an additional 953 shares during the last quarter. HBK Investments L P bought a new position in Canadian National Railway during the fourth quarter valued at approximately $248,000. Finally, Delpha Capital Management LLC bought a new position in Canadian National Railway during the fourth quarter valued at approximately $143,000. Institutional investors and hedge funds own 55.01% of the company’s stock.

Canadian National Railway opened at $81.75 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.61 and a quick ratio of 0.50. The stock has a market capitalization of $60.18 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. Canadian National Railway has a one year low of $70.59 and a one year high of $85.73.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Monday, April 23rd. The transportation company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.20. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a net margin of 41.03% and a return on equity of 23.02%. Canadian National Railway’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 earnings per share. equities analysts predict that Canadian National Railway will post 4.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 29th. Shareholders of record on Friday, June 8th were given a dividend of $0.3603 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Thursday, June 7th. Canadian National Railway’s payout ratio is currently 36.46%.

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.

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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