Bank of America upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from an underperform rating to a buy rating in a research report report published on Thursday, Marketbeat Ratings reports. They currently have $93.00 target price on the transportation company’s stock, up from their previous target price of $72.00.
Several other research firms have also recently weighed in on CNI. Cowen restated an outperform rating and set a $90.00 target price (up previously from $88.00) on shares of Canadian National Railway in a research note on Wednesday, January 24th. Macquarie upgraded Canadian National Railway from a neutral rating to an outperform rating in a research note on Wednesday, January 24th. Credit Suisse Group decreased their target price on Canadian National Railway from $85.00 to $83.00 and set a neutral rating for the company in a research note on Wednesday, January 24th. Goldman Sachs cut Canadian National Railway from a buy rating to a neutral rating and set a $102.00 target price for the company. in a research note on Monday, May 14th. Finally, CIBC lowered Canadian National Railway from a sector outperform rating to a sector perform rating in a research report on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Canadian National Railway currently has a consensus rating of Hold and an average target price of $86.10.
CNI stock opened at $83.19 on Thursday. The company has a market cap of $61.29 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04. Canadian National Railway has a fifty-two week low of $70.59 and a fifty-two week high of $85.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.61 and a quick ratio of 0.50.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Monday, April 23rd. The transportation company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.20. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a return on equity of 23.02% and a net margin of 41.03%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.15 earnings per share. sell-side analysts anticipate that Canadian National Railway will post 4.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be given a dividend of $0.3603 per share. This represents a $1.44 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is 36.72%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in shares of Canadian National Railway in the first quarter valued at approximately $117,000. Private Capital Group LLC increased its holdings in shares of Canadian National Railway by 913.9% in the first quarter. Private Capital Group LLC now owns 1,673 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 1,508 shares during the period. Captrust Financial Advisors acquired a new position in shares of Canadian National Railway in the fourth quarter valued at approximately $142,000. Delpha Capital Management LLC acquired a new position in shares of Canadian National Railway in the fourth quarter valued at approximately $143,000. Finally, Avestar Capital LLC acquired a new position in shares of Canadian National Railway in the first quarter valued at approximately $123,000. 54.48% of the stock is currently owned by institutional investors.
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.
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