Canadian National Railway Company (NYSE:CNI) Stock Has Consensus Target Price of $138.76

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have been given a consensus rating of “Hold” by the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $138.76.

Several equities research analysts have recently commented on the company. Barclays upped their price objective on Canadian National Railway from $130.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Monday, November 2nd. Wells Fargo & Company raised their target price on Canadian National Railway from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Raymond James Financial downgraded Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 19th. Citizens Jmp assumed coverage on Canadian National Railway in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Citigroup boosted their price target on Canadian National Railway from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. bought a new stake in Canadian National Railway in the 2nd quarter valued at $27,000. Financial Network Wealth Advisors LLC boosted its holdings in shares of Canadian National Railway by 103.4% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 238 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 121 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Canadian National Railway during the 3rd quarter valued at about $30,000. First Command Advisory Services Inc. bought a new position in shares of Canadian National Railway during the 3rd quarter valued at about $39,000. Finally, Balance Wealth Partners LLC purchased a new position in shares of Canadian National Railway during the third quarter valued at about $40,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Up 0.0%

Shares of CNI stock opened at $124.07 on Wednesday. Canadian National Railway has a 12 month low of $90.74 and a 12 month high of $131.55. The stock has a market cap of $74.76 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.27 and a beta of 0.90. The company has a current ratio of 0.82, a quick ratio of 0.61 and a debt-to-equity ratio of 0.98. The company has a 50 day simple moving average of $121.57 and a two-hundred day simple moving average of $116.05.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.05. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.27 billion. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.82%. The company’s quarterly revenue was down 99.9% on a year-over-year basis. During the same period last year, the firm earned $1.83 earnings per share. On average, research analysts expect that Canadian National Railway will post 5.85 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 9th will be paid a C$0.92 dividend. The ex-dividend date of this dividend is Wednesday, December 9th. This represents a $3.66 annualized dividend and a dividend yield of 2.9%. Canadian National Railway’s dividend payout ratio (DPR) is 45.47%.

About Canadian National Railway

Canadian National Railway, commonly known as CN, is a North American transportation and logistics company that operates a freight rail network connecting Canada’s Atlantic, Pacific and Gulf coasts with the United States. Its network serves customers across Canada and the U.S. Midwest and South.

CN transports a range of commodities and manufactured goods, including intermodal shipments, grain and fertilizers, petroleum and chemicals, forest products, metals and minerals, and finished vehicles.