StockNews.com Downgrades Canadian National Railway (NYSE:CNI) to Hold

StockNews.com downgraded shares of Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) from a buy rating to a hold rating in a report published on Friday morning.

CNI has been the topic of several other research reports. Citigroup boosted their target price on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a neutral rating in a report on Wednesday, January 24th. Jefferies Financial Group assumed coverage on Canadian National Railway in a research report on Monday, April 8th. They set a hold rating and a $130.00 target price on the stock. Stifel Nicolaus raised their target price on Canadian National Railway from $121.00 to $134.00 and gave the stock a hold rating in a research note on Friday, April 12th. Barclays boosted their price target on Canadian National Railway from $127.00 to $130.00 and gave the company an equal weight rating in a research note on Thursday, April 4th. Finally, Wells Fargo & Company raised their price objective on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. Eighteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of Hold and a consensus price target of $149.05.

Read Our Latest Research Report on CNI

Canadian National Railway Price Performance

Shares of CNI opened at $126.61 on Friday. The business has a 50-day moving average of $128.32 and a 200-day moving average of $123.76. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The company has a market capitalization of $80.61 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.23 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.16 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. As a group, equities research analysts anticipate that Canadian National Railway will post 5.9 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.71%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CNI. Bfsg LLC increased its holdings in Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock worth $26,000 after acquiring an additional 105 shares during the period. GAMMA Investing LLC grew its position in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in Canadian National Railway by 241.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 202 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new stake in shares of Canadian National Railway during the 4th quarter valued at about $46,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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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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