Canadian National Railway Company (NYSE:CNI) Stock Has Average Target Price of $137.49

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) has been given an average rating of “Moderate Buy” by the eighteen brokerages that are covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $137.49.

Several equities research analysts have recently commented on the company. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Monday, July 27th. Bank of America decreased their price target on Canadian National Railway from $146.00 to $143.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Canadian Imperial Bank of Commerce lifted their price target on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Finally, Argus reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Monday, August 31st.

Canadian National Railway Price Performance

NYSE CNI opened at $118.55 on Friday. The stock has a market capitalization of $71.61 billion, a P/E ratio of 21.02, a P/E/G ratio of 2.11 and a beta of 0.96. Canadian National Railway has a 1 year low of $90.74 and a 1 year high of $131.55. The business’s fifty day moving average is $122.85 and its two-hundred day moving average is $118.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.61 and a current ratio of 0.87.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.87 EPS. On average, research analysts forecast that Canadian National Railway will post 5.80 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th were given a C$0.92 dividend. This represents a $3.66 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is 46.10%.

Institutional Investors Weigh In On Canadian National Railway

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Canadian National Railway by 5.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,132 shares of the transportation company’s stock worth $967,000 after purchasing an additional 405 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Canadian National Railway during the 3rd quarter worth about $200,000. Quintet Private Bank Europe S.A. lifted its holdings in shares of Canadian National Railway by 100.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 500 shares of the transportation company’s stock valued at $60,000 after buying an additional 250 shares during the last quarter. Ausbil Investment Management Ltd lifted its holdings in shares of Canadian National Railway by 12.1% during the 3rd quarter. Ausbil Investment Management Ltd now owns 63,662 shares of the transportation company’s stock valued at $7,596,000 after buying an additional 6,856 shares during the last quarter. Finally, Cooper Financial Group lifted its holdings in shares of Canadian National Railway by 8.8% during the 3rd quarter. Cooper Financial Group now owns 1,971 shares of the transportation company’s stock valued at $234,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that operates a major freight rail network in Canada and the United States. Its network connects the Atlantic, Pacific and Gulf coasts, serving ports, industrial centers, agricultural regions and major population markets.

CN transports a broad range of commodities and manufactured goods, including forest products, grain and fertilizers, coal, metals and minerals, petroleum and chemicals, automotive products, and consumer goods.