Stephens Reaffirms Equal Weight Rating for Canadian National Railway (NYSE:CNI)

Stephens reaffirmed their equal weight rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a report issued on Wednesday morning, Benzinga reports. They currently have a $116.00 price target on the transportation company’s stock.

Other research analysts have also issued reports about the company. Citigroup began coverage on Canadian National Railway in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $125.00 target price for the company. Sanford C. Bernstein cut their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Susquehanna cut their target price on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Barclays upped their price target on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.18.

Canadian National Railway Stock Up 0.1 %

Shares of CNI stock opened at $110.97 on Wednesday. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The firm has a market cap of $70.18 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The stock has a 50 day moving average of $115.93 and a 200-day moving average of $119.53. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. On average, equities analysts predict that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s payout ratio is presently 39.71%.

Institutional Trading of Canadian National Railway

Large investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Canadian National Railway during the second quarter valued at $26,000. Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 148 shares during the period. Fortitude Family Office LLC lifted its stake in shares of Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 229 shares during the period. GAMMA Investing LLC lifted its stake in shares of Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 207 shares during the period. Finally, ORG Partners LLC acquired a new position in shares of Canadian National Railway during the second quarter valued at $34,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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.