Todays Report: The Canadian National Railway Co. (CNI) Receives New Coverage from Analysts at Vertical Research

The Canadian National Railway Co. (CNI) Receives New Coverage from Analysts at Vertical Research

Vertical Research started coverage on shares of Canadian National Railway Co. (NYSE:CNI) in a research report report published on Tuesday, The Fly reports. The brokerage issued a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Argus initiated coverage on shares of Canadian National Railway in a research report on Tuesday, June 21st. They issued a buy rating and a $73.00 price target for the company. Barclays PLC upped their price target on shares of Canadian National Railway from $65.00 to $68.00 and gave the stock an equal weight rating in a research report on Monday, September 12th. Desjardins reaffirmed a hold rating and issued a $86.00 price target on shares of Canadian National Railway in a research report on Tuesday, July 26th. TD Securities reaffirmed a hold rating and issued a $87.00 price target (up previously from $86.00) on shares of Canadian National Railway in a research report on Tuesday, July 26th. Finally, Loop Capital initiated coverage on shares of Canadian National Railway in a research report on Monday, September 26th. They issued a hold rating and a $64.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $74.16.

Canadian National Railway (NYSE:CNI) traded down 0.42% during midday trading on Tuesday, reaching $66.30. 304,935 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $64.58 and its 200-day moving average is $61.99. The stock has a market capitalization of $51.16 billion, a price-to-earnings ratio of 19.32 and a beta of 1.10. Canadian National Railway has a 12-month low of $46.23 and a 12-month high of $67.66.

Canadian National Railway (NYSE:CNI) last issued its earnings results on Monday, July 25th. The company reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.02. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3 billion. Canadian National Railway had a net margin of 29.55% and a return on equity of 24.13%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. On average, equities analysts forecast that Canadian National Railway will post $3.41 earnings per share for the current year.

The company also recently declared a dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were given a dividend of $0.288 per share. The ex-dividend date of this dividend was Wednesday, September 7th. Canadian National Railway’s dividend payout ratio is presently 33.43%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Carroll Financial Associates Inc. raised its stake in Canadian National Railway by 8.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,638 shares of the company’s stock valued at $107,000 after buying an additional 132 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in Canadian National Railway by 81.9% in the second quarter. Kistler Tiffany Companies LLC now owns 1,699 shares of the company’s stock valued at $100,000 after buying an additional 765 shares in the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in Canadian National Railway during the second quarter valued at approximately $104,000. Bessemer Group Inc. raised its stake in Canadian National Railway by 119.4% in the first quarter. Bessemer Group Inc. now owns 1,968 shares of the company’s stock valued at $123,000 after buying an additional 1,071 shares in the last quarter. Finally, Armbruster Capital Management Inc. raised its stake in Canadian National Railway by 57.1% in the second quarter. Armbruster Capital Management Inc. now owns 2,200 shares of the company’s stock valued at $130,000 after buying an additional 800 shares in the last quarter. Institutional investors own 56.06% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Co is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

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