Today: Brokerages gives Consensus Recommendation of “Hold” to Canadian National Railway Co. (CNI)

Today: Brokerages gives Consensus Recommendation of “Hold” to Canadian National Railway Co. (CNI)

Canadian National Railway Co. (NYSE:CNI) (TSE:CNR) has been assigned an average rating of “Hold” from the thirty analysts that are currently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $76.29.

CNI has been the subject of a number of recent analyst reports. Scotiabank reaffirmed a “sector perform” rating and issued a $87.00 price objective on shares of Canadian National Railway in a report on Sunday, October 2nd. Raymond James Financial Inc. cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a report on Monday, October 17th. Vertical Research assumed coverage on shares of Canadian National Railway in a research note on Tuesday, October 11th. They set a “hold” rating for the company. Atlantic Securities assumed coverage on shares of Canadian National Railway in a research note on Thursday, August 11th. They set a “neutral” rating for the company. Finally, TD Securities reissued a “hold” rating and set a $90.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 26th.

Shares of Canadian National Railway (NYSE:CNI) traded up 0.0402% during mid-day trading on Monday, reaching $66.7468. 439,386 shares of the company’s stock traded hands. The company’s 50-day moving average price is $64.76 and its 200-day moving average price is $62.53. Canadian National Railway has a 12-month low of $46.23 and a 12-month high of $67.66. The stock has a market capitalization of $51.15 billion, a PE ratio of 19.8888 and a beta of 1.00.

Canadian National Railway (NYSE:CNI) last released its quarterly earnings data on Tuesday, October 25th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.33. Canadian National Railway had a net margin of 29.78% and a return on equity of 23.70%. The company earned $3.01 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Analysts anticipate that Canadian National Railway will post $3.35 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, December 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 33.33%.

A number of large investors have recently added to or reduced their stakes in CNI. Capital Analysts LLC raised its stake in Canadian National Railway by 5.8% in the second quarter. Capital Analysts LLC now owns 10,355 shares of the company’s stock worth $240,000 after buying an additional 571 shares during the period. Fisher Asset Management LLC raised its stake in Canadian National Railway by 26.0% in the second quarter. Fisher Asset Management LLC now owns 1,015,706 shares of the company’s stock worth $60,465,000 after buying an additional 209,599 shares during the period. Creative Planning raised its stake in Canadian National Railway by 38.8% in the second quarter. Creative Planning now owns 8,804 shares of the company’s stock worth $520,000 after buying an additional 2,459 shares during the period. Atria Investments LLC acquired a new stake in Canadian National Railway during the second quarter worth about $220,000. Finally, British Columbia Investment Management Corp raised its stake in Canadian National Railway by 1.4% in the second quarter. British Columbia Investment Management Corp now owns 121,500 shares of the company’s stock worth $5,525,000 after buying an additional 1,700 shares during the period. Institutional investors own 54.22% of the company’s stock.

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