Canadian National Railway (NYSE:CNI) (TSE:CNR) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Monday, December 9th will be given a dividend of 0.406 per share by the transportation company on Monday, December 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, December 6th.
Shares of Canadian National Railway stock traded up $0.85 during trading on Wednesday, reaching $89.07. 282,238 shares of the stock were exchanged, compared to its average volume of 935,514. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.65. The firm has a market cap of $65.36 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01. Canadian National Railway has a 1 year low of $70.36 and a 1 year high of $96.49. The stock’s fifty day moving average is $90.90 and its 200 day moving average is $91.42.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.39. Canadian National Railway had a return on equity of 24.36% and a net margin of 29.62%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the company posted $1.50 EPS. Canadian National Railway’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that Canadian National Railway will post 4.55 earnings per share for the current year.
CNI has been the subject of a number of recent analyst reports. Scotiabank downgraded Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, October 2nd. Stephens cut shares of Canadian National Railway from an “overweight” rating to an “equal” rating and cut their price target for the company from $100.00 to $97.00 in a report on Tuesday, October 1st. Raymond James downgraded shares of Canadian National Railway from an “outperform” rating to a “hold” rating in a research report on Friday, September 13th. Royal Bank of Canada set a $137.00 price objective on shares of Canadian National Railway and gave the stock a “hold” rating in a report on Friday, September 13th. Finally, CIBC reaffirmed a “hold” rating and issued a $119.00 target price on shares of Canadian National Railway in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $102.17.
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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