Canadian National Railway (CNI) Reaches New 12-Month High at $91.92

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.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 29th. The transportation company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.38. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.80 billion. Canadian National Railway had a net margin of 30.19% and a return on equity of 23.28%. Canadian National Railway’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 EPS. As a group, equities research analysts expect that Canadian National Railway will post 4.68 earnings per share for the current fiscal year.

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.

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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.

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