Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target hoisted by Deutsche Bank from $96.00 to $101.00 in a research report released on Monday. Deutsche Bank currently has a buy rating on the transportation company’s stock.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Canadian National Railway from a hold rating to a buy rating and set a $96.00 price objective on the stock in a report on Monday, November 19th. Credit Suisse Group lifted their price objective on shares of Canadian National Railway from $91.00 to $92.00 and gave the company a neutral rating in a report on Wednesday, October 24th. Cowen reiterated an outperform rating and issued a $96.00 price objective (down from $98.00) on shares of Canadian National Railway in a report on Wednesday, October 24th. Bank of America downgraded shares of Canadian National Railway from a buy rating to a neutral rating in a report on Thursday, October 18th. Finally, Barclays restated a hold rating and set a $88.00 target price on shares of Canadian National Railway in a report on Wednesday, September 26th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Canadian National Railway has a consensus rating of Hold and an average target price of $92.07.
NYSE CNI opened at $81.01 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.58 and a current ratio of 0.72. Canadian National Railway has a 12-month low of $70.59 and a 12-month high of $91.90. The company has a market capitalization of $59.87 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.38. Canadian National Railway had a net margin of 42.06% and a return on equity of 22.67%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the company earned $1.31 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that Canadian National Railway will post 4.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 7th will be issued a dividend of $0.3477 per share. This represents a $1.39 dividend on an annualized basis and a yield of 1.72%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, December 6th. Canadian National Railway’s payout ratio is presently 35.94%.
A number of institutional investors and hedge funds have recently modified their holdings of CNI. Zions Bancorporation bought a new position in Canadian National Railway during the third quarter worth $102,000. Palo Capital Inc. bought a new position in Canadian National Railway during the third quarter worth $114,000. Girard Partners LTD. bought a new position in Canadian National Railway during the third quarter worth $131,000. Quad Cities Investment Group LLC bought a new position in Canadian National Railway during the second quarter worth $165,000. Finally, First Hawaiian Bank bought a new position in Canadian National Railway during the third quarter worth $175,000. Institutional investors and hedge funds own 54.24% of the company’s stock.
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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