Canadian National Railway (NYSE:CNI) Given Consensus Rating of “Hold” by Brokerages

Shares of Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) have earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the firm, Marketbeat.com reports. Sixteen analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $130.35.

A number of brokerages recently commented on CNI. Stephens raised their target price on Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Citigroup lifted their price objective on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Susquehanna Bancshares boosted their target price on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. Barclays raised their price target on Canadian National Railway from $109.00 to $113.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating and dropped their price target for the company from $125.00 to $121.00 in a research note on Monday, November 27th.

View Our Latest Report on CNI

Institutional Trading of Canadian National Railway

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Canadian National Railway by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 20,007,681 shares of the transportation company’s stock valued at $2,683,831,000 after acquiring an additional 554,280 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Canadian National Railway by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,819,790 shares of the transportation company’s stock worth $1,673,162,000 after purchasing an additional 106,492 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Canadian National Railway by 5.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock valued at $1,421,649,000 after buying an additional 625,500 shares in the last quarter. TD Asset Management Inc grew its holdings in Canadian National Railway by 2.8% during the 4th quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock valued at $1,471,733,000 after buying an additional 314,600 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Canadian National Railway by 5.1% during the fourth quarter. National Bank of Canada FI now owns 6,385,441 shares of the transportation company’s stock valued at $800,750,000 after buying an additional 311,961 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Canadian National Railway Stock Down 0.2 %

NYSE:CNI opened at $128.36 on Thursday. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $129.66. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average is $124.12 and its two-hundred day moving average is $116.11. The stock has a market capitalization of $82.40 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 2.84 and a beta of 0.88.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a dividend of $0.638 per share. The ex-dividend date is Wednesday, March 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 annualized dividend and a yield of 1.99%. Canadian National Railway’s payout ratio is currently 36.59%.

About Canadian National Railway

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Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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