Canadian National Railway (CNI) Getting Somewhat Positive News Coverage, Accern Reports
Press coverage about Canadian National Railway (NYSE:CNI) (TSE:CNR) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian National Railway earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 46.4111156738943 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- A Top Canadian Stock for a TFSA Retirement Portfolio (ca.finance.yahoo.com)
- Railway Stocks Plunge on U.S. NAFTA Pullout Fears: Buy the Dip? (fool.ca)
- ADVISORY – Ghislain Houle, CN executive vice-president and chief financial officer, to address CIBC institutional investor conference on January 25 (finance.yahoo.com)
- Why Canadian National Railway Is Set to Be a Leader in Freight Growth – Market Realist (marketrealist.com)
- Canadian National Railway (CNI) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
Canadian National Railway (NYSE:CNI) traded up $0.22 during mid-day trading on Thursday, reaching $81.39. 1,160,000 shares of the company traded hands, compared to its average volume of 1,060,000. The firm has a market capitalization of $60,700.00, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 2.11 and a beta of 1.09. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 0.58. Canadian National Railway has a 1-year low of $68.27 and a 1-year high of $85.73.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a $0.3304 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.32 annualized dividend and a yield of 1.62%. Canadian National Railway’s payout ratio is presently 32.19%.
Canadian National Railway declared that its board has initiated a stock repurchase plan on Tuesday, October 24th that permits the company to repurchase 31,000,000 outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Several analysts recently weighed in on CNI shares. Cowen reissued a “buy” rating and issued a $83.00 price objective on shares of Canadian National Railway in a research note on Sunday, September 24th. Zacks Investment Research cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Stifel Nicolaus reissued a “hold” rating and issued a $89.00 price objective on shares of Canadian National Railway in a research note on Friday, October 6th. Royal Bank of Canada reissued an “outperform” rating on shares of Canadian National Railway in a research note on Wednesday, October 25th. Finally, Desjardins raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Canadian National Railway presently has a consensus rating of “Hold” and an average price target of $79.67.
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Canadian National Railway Company Profile
Canadian National Railway Company 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 and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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