Canadian National Railway (NYSE:CNI) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) from a buy rating to a hold rating in a research note published on Wednesday.

CNI has been the subject of a number of other reports. Barclays upped their price objective on Canadian National Railway from $127.00 to $130.00 and gave the stock an equal weight rating in a research note on Thursday, April 4th. Jefferies Financial Group initiated coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They set a hold rating and a $130.00 price target for the company. Stifel Nicolaus lifted their price objective on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a hold rating in a research report on Friday, April 12th. Wells Fargo & Company upped their target price on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. Finally, Stephens reaffirmed an equal weight rating and set a $140.00 price target on shares of Canadian National Railway in a report on Wednesday, April 24th. Eighteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $149.05.

Read Our Latest Research Report on CNI

Canadian National Railway Stock Up 0.4 %

Shares of NYSE:CNI opened at $126.91 on Wednesday. The company’s fifty day moving average is $127.88 and its two-hundred day moving average is $124.99. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The stock has a market capitalization of $80.80 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.89.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.16 billion. Equities analysts anticipate that Canadian National Railway will post 5.9 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.625 dividend. The ex-dividend date is Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 1.97%. Canadian National Railway’s dividend payout ratio (DPR) is 39.07%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. PDS Planning Inc boosted its position in shares of Canadian National Railway by 2.0% during the 4th quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock valued at $574,000 after purchasing an additional 89 shares in the last quarter. GQG Partners LLC boosted its holdings in Canadian National Railway by 0.8% during the first quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock worth $1,505,000 after buying an additional 93 shares in the last quarter. Tacita Capital Inc boosted its holdings in Canadian National Railway by 0.4% during the third quarter. Tacita Capital Inc now owns 27,356 shares of the transportation company’s stock worth $2,972,000 after buying an additional 97 shares in the last quarter. Choreo LLC grew its position in Canadian National Railway by 1.5% in the first quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock worth $846,000 after buying an additional 97 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Canadian National Railway by 2.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock valued at $547,000 after buying an additional 100 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Company Profile

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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.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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