Canadian National Railway (NYSE:CNI) (TSE:CNR)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $91.92 and last traded at $91.58, with a volume of 114447 shares trading hands. The stock had previously closed at $91.50.
A number of equities analysts have recently issued reports on CNI shares. Stephens upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 3rd. Credit Suisse Group upgraded shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $95.00 in a report on Tuesday, January 15th. Barclays restated a “hold” rating and set a $86.00 target price on shares of Canadian National Railway in a report on Thursday, January 17th. Macquarie cut shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 30th. Finally, National Bank Financial restated a “hold” rating on shares of Canadian National Railway in a report on Thursday, March 28th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $93.30.
The company has a market cap of $66.45 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. The company has a current ratio of 0.78, a quick ratio of 0.62 and a debt-to-equity ratio of 0.65.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a dividend of $0.4026 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.35. Canadian National Railway’s payout ratio is 38.46%.
A number of hedge funds have recently made changes to their positions in the business. Sontag Advisory LLC acquired a new stake in Canadian National Railway in the fourth quarter valued at $26,000. Intercontinental Wealth Advisors LLC bought a new position in Canadian National Railway during the fourth quarter worth about $30,000. Somerset Trust Co increased its position in Canadian National Railway by 158.6% during the first quarter. Somerset Trust Co now owns 437 shares of the transportation company’s stock worth $39,000 after acquiring an additional 268 shares during the period. Bremer Trust National Association bought a new position in Canadian National Railway during the fourth quarter worth about $42,000. Finally, Truehand Inc bought a new position in Canadian National Railway during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 55.06% of the company’s stock.
Canadian National Railway Company Profile (NYSE:CNI)
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
See Also: Gap Up Stocks
Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.