Canadian National Railway (NYSE:CNI) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a buy rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.

Several other equities research analysts have also issued reports on CNI. Credit Suisse Group boosted their price target on shares of Canadian National Railway from $101.00 to $104.00 and gave the company an outperform rating in a report on Wednesday, July 24th. Citigroup boosted their price target on shares of Canadian National Railway from $87.00 to $103.00 and gave the company a buy rating in a report on Thursday, April 4th. BMO Capital Markets raised shares of Canadian National Railway to a market perform rating and set a $125.00 price target on the stock in a report on Tuesday, April 30th. They noted that the move was a valuation call. Goldman Sachs Group began coverage on shares of Canadian National Railway in a report on Wednesday, July 10th. They issued a neutral rating and a $97.00 price target on the stock. Finally, Desjardins lowered shares of Canadian National Railway from a buy rating to a hold rating and set a $90.32 target price on the stock. in a report on Friday, April 12th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $98.78.

Canadian National Railway stock traded down $0.44 on Thursday, hitting $93.03. The company’s stock had a trading volume of 735,336 shares, compared to its average volume of 773,737. The stock has a market capitalization of $68.19 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 1.86 and a beta of 1.03. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $93.24. Canadian National Railway has a one year low of $70.36 and a one year high of $96.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.47. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.94 billion. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 EPS. On average, analysts predict that Canadian National Railway will post 4.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be issued a $0.411 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.64 annualized dividend and a dividend yield of 1.77%. Canadian National Railway’s dividend payout ratio is presently 38.94%.

Several institutional investors and hedge funds have recently bought and sold shares of CNI. Brand Asset Management Group Inc. bought a new stake in Canadian National Railway during the 1st quarter worth about $36,000. Tortoise Investment Management LLC bought a new stake in Canadian National Railway during the 1st quarter worth about $36,000. Somerset Trust Co grew its holdings in Canadian National Railway by 158.6% during the 1st quarter. Somerset Trust Co now owns 437 shares of the transportation company’s stock worth $39,000 after acquiring an additional 268 shares during the last quarter. CWM LLC grew its holdings in Canadian National Railway by 96.0% during the 2nd quarter. CWM LLC now owns 437 shares of the transportation company’s stock worth $40,000 after acquiring an additional 214 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new stake in Canadian National Railway during the 1st quarter worth about $41,000. 54.54% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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